Whether you are buying your first house or moving to a new apartment, your buying decision is greatly influenced by real estate agent myths. These myths, however, can result in the wrong choice. You need to know the truth before making a decision.
Here are some myths about real estate agents that you should know:
“I’m funding the real estate agent.”
It’s commonly believed that if you pay more for a house, you end up paying more to the agent. However, this is far from the truth. The difference between $300,000 and $310,000 is just $150 for an agent. You are not paying the commission fee with a difference of $10,000.
“Lower commissions are better bargains.”
Another myth you come across is brokers give discounts to the sellers. The truth is agents who have experience and expertise in their business won’t offer discounts as they provide a very valuable service. If a broker charges you a lower commission than the market rate, they can’t provide you with full-market exposure. You need a broker providing full services to get the best value for your property.
“The agent has the home inspector’s support.”
Another myth that you would have heard is that agents don’t disclose material facts. Professional agents who want to maintain and build their reputation will not only ensure full disclosure, but also help you get out of the deal if required.
“Agents provide false information to make a sale.”
The best-performing agents with an established reputation will not provide fake information, as it is against the law and they might end up losing their license.
As a buyer, you must approach the best real estate agents. It would help you pay for quality service provided by reputed brokers and not be misguided by real estate myths. Are you looking to buy a house in the Hermosa Beach area? Contact the experts at Brighton Escrow today. We will provide the top-tier escrow service that you deserve!