Four Everyday Boise Real Estate Agent Misnomers
With Boise real estate agents processing so many short sales these days, it is not surprising that many buyers are left with a negative impression. As such, it is no wonder why some people are afraid to start looking! With horror stories circulating, both true and untrue, many buyers have a reason to be hesitant. Here’s a look at some of the most popular myths and the truth behind them.
Myth #1: Too many Boise real estate agents show up unprepared and behind schedule
As with many other disciplines, you will find agents who are do not appropriately spend your time, and consequently should not receive your business. If your first interview with an agent does not go well, set up an interview with another agent. Expecting punctuality is just another dimension of preparedness, so do not accept less than the best. Demand the respect you are owed.
Myth #2: Your real estate agent will have to change everything in their schedule to show you homes at the drop of a hat
With so many agents receiving their income from selling homes, they likelihood of having an agent refuse to show you a home is pretty low. Unless, of course, you have no contractual relationship with them. After all, agents can’t be expected to work for free and taking you to see a home without any contract from you or a possibility of earning a commission simply is not good business.
Myth #3: Title companies and lender are in cahoots with agents
Agents cannot receive any pay from a third party to the purchase, so do not think that is a normal part of the business. Since the mid-70′s agents have been limited to receive payment in compliance with the law established under RESPA. While there may be some unscrupulous agents who still take kickbacks, most would not risk losing their license for a little extra money.
Myth #3: The agent who chooses the home inspector will have the favor in the inspection report
You would be strapped to find an agent who would willingly aim for an incorrect home inspection report, or would try to cover up any key information from it. Finding an agent who is willing to close on a home that he is aware of issues with, without notifying the buyer, is a real rarity, as it should be. With the real estate industry being so competitive, there is very few agents who could hack any bad reviews of their services. Second, Boise real estate agents don’t want to risk being sued by a client who believes material facts were not disclosed as required by the law. Simply put, Boise real estate agents know it is best to fully disclose all of the details to a buyer All the repairs that must be finished before closing have to be acknowledged and approved of prior to closing.
Myth #4: You Should Have Your Agent Tell You The Ethnicity Of People In The Area
You are left to your own devices when it comes to making conclusions about the racial identity of neighborhoods and regions, because your agent is prohibited from doing so by federal law. Your agent cannot mention anything that may be construed as discriminatory in any way. The only viable answer to find a home in an area that you will most closely assimilate, like in an area that is mostly one type of religion or another, is to do that research before you start looking for a home.
For good reason, agents cannot “guide” you with frightening statistics about teen rape, sex offender concentrations or rape statistics because it may lead you to buy in an area you cannot afford. This information should be available for you at the request of your Boise real estate agents assistant or staff, as they cannot prevent from getting it either.
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Article source:First home buyer