Common Real Estate Agent Myths

If it's your first time stepping into the real estate world, you might be feeling a bit intimidated. Luckily, a real estate agent can help. To ensure you go with the right agent, use these tips.

Ignore These Real Estate Agent Myths When Buying a Home

If you're a first time home buyer, the real estate market can be quite intimidating. There are quite a few things you'll have to learn pretty fast in order to feel comfortable through the process. Hiring an agent can make it all much easier, but you might hear some misinformation from friends that can deter you. Below are some common real estate agent myths you can ignore when looking for a new home.

Myth: You Can't Change Your Real Estate Agent

If you're putting off hiring a real estate agent to help you find or sell a home because you think your decision is final, this simply isn't true. There is no law that states that the first agent you hire is the only one whose services you can use. In fact, if you hire an agent and you're not satisfied with their work, there is no reason why you have to keep them. In most cases, as a buyer, you won't even be asked to sign a contract. If you do sign a contract for a term, you can always ask to be released from it early. It is, however, a good idea to do your research so that you start off with a real estate agent that will work well with your needs.

Myth: All Agents Are the Same

The real estate market is huge and diverse. Similarly, the pool of real estate agents to choose from will be large. If you're tempted to go with the first option you see simply because you think they will all offer the same services, this actually isn't true. You will want to look at an agent's history and specialties before deciding they're the right one for you. For example, if you're looking for a luxury beach home, you wouldn't go with an agent who has zero experience in this market. It can also help to go with an agent who is local since this can mean they know the area best and are familiar with average selling rates, differences in neighborhoods, and other local details.

Myth: The More You Spend, the More They Make

While real estate agents do work for commissions, this doesn't necessarily mean they'll push you to buy the most expensive house on the market just because it means more for them. As an agent, they'll try to help you find the best home for your budget and your needs. It's also important to keep in mind that a difference a few thousand dollars doesn't make much of a difference in what your agent makes in the end, so there's no need to worry that they're pushing you to make a purchase because it benefits them. If you've found your dream home, be sure to purchase title insurance in Fort Myers to protect your investment. To learn all about the importance of title insurance, contact the friendly experts at Schutt Law at (239) 540-7007.

Myth: All Real Estate Agents Make 6% Commission

Many people believe that all real estate agents make the same 6% commission no matter what. The truth is that there is no standard commission rate at which all agents work. In fact, this number can vary depending on a bunch of different factors. In general, the commission an agent makes can be negotiated and can depend on the type of property being bought or sold. Luxury sales will often make more than a standard rental, so don't be tricked into thinking there's a standard rate.

Myth: Real Estate Agents Will Lie to Make a Sale

Real estate agents take their work seriously, just like any other professional. While there may be some who are just out to make a sale, this isn't the case with most of them. When you choose your agent, go with someone you trust and can rely on. If you start to suspect they don't have your best interest in mind, feel free to make a change.

Myth: Real Estate Agents Get Paid By Inspectors

Finally, many people think that their agent will get kickbacks from everyone that ends up making money from a sale. There are laws that forbid this sort of thing, so you can be sure that the home inspection company and mortgage lender aren't giving your agent anything to influence their actions.

Purchase Title Insurance in Fort Myers

When you finally have your dream home, be sure to protect your home investment with title insurance in Fort Myers. The title insurance experts at Schutt Law can answer all the questions you may have. Give them a call at (239) 540-7007 to get your questions answered.