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Entries Tagged as 'Myth-Understandings'

Real Estate Myth-Understanding 4: “I don’t need a Realtor to represent me on a new home purchase because the builder’s agent will.”

April 21st, 2008 · No Comments

Truth:

The Builder’s Sales Agent represents the Builder ONLY!
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There’s a sign posted on the front door of every model home sales office in the State of Arizona that states something to this effect:
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“If you are represented by a Realtor®, they must accompany you during your first visit to this community.”
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Home builders factor a Realtor’s® commission […]

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Real Estate Myth-Understanding 3: “I don’t need to talk to a mortgage lender or Realtor until I’m ready to buy.”

April 19th, 2008 · No Comments

Truth:
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In fact, there are a few very compelling reasons to communicate with a Realtor® and a lender as soon as you think a home purchase may be in your future.
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Your first call (or email) should be to your Realtor®. A good Realtor® will set you up to succeed with your search and subsequent purchase by […]

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Real Estate Myth-Understanding #2: “I can save money by negotiating directly with the Listing Agent.”

April 18th, 2008 · No Comments

Truth:
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As long as the property is offered in the Multiple Listing Service (MLS), this is almost always FALSE.
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By the time a property is listed in the MLS, the Seller and the Listing Agent have already executed a Listing Agreement that details the commission to be paid upon sale of the home. The Listing Agreement […]

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Real Estate Myth-Understanding #1 - “It’s OK to visit an Open House without my Realtor present.”

April 18th, 2008 · No Comments

After working with hundreds of homebuyers, I’ve come to recognize that there are several common misconceptions that are widely held to be true by experienced homebuyers and first-timers alike. I refer to them as “Myth-Understandings” and I’ve seen many prospective buyers harm their own cause as a result of their misled belief in them.
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Keep in […]

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