The Four Popular Myths About Boise Real Estate Agents
There are many horror stories surrounding Boise real estate agents and the process of purchasing a home. Who would buy the largest single investment of their life with someone they had doubts about? Finding a trustworthy real estate agent should not be that difficult, and it is not. Take a look at these valuable tips designed to help debunk fact from fiction.
Myth #1: Boise real estate agents cannot make appointments on time
Nobody expects you to work with a real estate agent who does not show an appreciation for your time. If your first interview with an agent does not go well, set up an interview with another agent. Don’t listen to excuses. Your relationship with your agent should have clear boundaries and accepting arrogance or second class treatment will not work for you.
Myth #2: Your real estate agent will have to change everything in their schedule to show you homes at the drop of a hat
Given that your real estate agent is going to be paid quite handsomely to sell the home he or she is showing you, cooperation should be an easy thing to get. Being available to show you homes is a responsibility of your agent, but it has to be defined by a mutual understanding of schedules. If any agent spends time with you before establishing a contractual relationship with you, they are risking losing you and their time, to any agent you choose.
Myth #3: Lending institutions and title companies pay agents to send them business
Agents involved in the industry know the rules and this form of compensation is completely illegal and unethical. Since 1974, the Real Estate Settlement Procedures Act, or RESPA, has made this process illegal. With their license on the line, most agents make far too much money to worry about getting a little kickback from the title company.
Myth #3: Home inspectors recommended by the agent will always favor the agent
Each inspection report should be a non-biased list of any issues found with the home, so neither agent, buyer nor seller should be able to influence 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. In an industry where reputation is everything, and word travels fast, most agents simply are not willing to take the hit on their record for a few bucks. 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. Before the close of the transaction, the seller will be required to make all repairs agreed to on the repair addendum.
Myth #4: Your agent will be able to tell you the ethnic and racial make up of any given area
Agents are prevented by federal law from telling anything about race or ethnicity of any area you may be considering. More specifically, any information that can be considered discriminatory cannot be discussed. 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.
You can see the conflict of interests if the agent were allowed to present crime statistics to scare you into a more expensive neighborhood, or into buying a home in a certain fire district. 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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