Here are some Top Myths about Real Estate!

Everything you read on the internet is not necessarily true. Real estate myths are too common, some of them might be true while other are absolutely bogus. Whether you are a purchaser or a seller, the real estate world can be a mystifying place to navigate. In order to separate facts from fictions, Dream Homes presents some common myths you need to debunk. With this you can make the smartest choices, rather than just believe what you hear.

Myth #1: Agents quote higher sale price for receiving higher commission

Real estate agents are sincere professionals who want you to get a dream home at the accurate price. Your real estate agent will help you to work on different offers on a home to settle on the best offer amount. For instance, in a variegated offer situation, you might make a higher offer so that you have a good chance of cracking the deal.

Myth #2: Listing home at a lower commission will help you earn profits

Generally, we hire a Real Estate agent for his experience, negotiating abilities, and his verified track record. Best agents do not rebate their services because they don’t need to. None of the realtors will market your home properly if you discount their services. So in order to crack the best available deal, you need to keep your agent satisfied.

Myth #3: Realtors get bribes from dealers, inspectors, etc.

Not only is this deceptive and immoral, but as said by RESPA (The Real Estate Settlement Procedures Act) it is unlawful. No professional Realtor will put his career and reputation at risk just to earn a bribe.  The only reason agents give you recommendations for various vendors is because they have built professional contacts with these people. This only helps to certify a flawless transaction for everyone involved.

 Myth #4: You can save money by not hiring a real estate agent

It’s true that you can get your home sold by listing it yourself and saving the listing commission. Majority of the buyers hire an agent and indirectly you will have to seek an agent’s help to find buyer. They will usually ask you to sign a One Party Listing Agreement before introducing their buyer. This means that you agree to pay them a commission. Hiring an agent means that they will help you to make the best decisions when buying or selling your home.