Busting Some Common Misconceptions About REALTORS®

Dated: 02/06/2019

Views: 341

Picking a realtor to sell or buy your new home should not be a decision that is taken lightly! Learn the facts and bust the myths about realtors so that you can have a seamless and stress-free experience when you are ready to buy or sell a home.

Below are three common misconceptions about realtors that you MUST know before you start the buying or selling process.

1. Once you select your realtor, you are trapped with them!

Bust: This is not always the case, if things aren't working out, it's conceivable to ask your realtor or the brokerage manager to discharge you from the deal early. Sometimes, however, the listing or buyer agency agreement has a time period listed usually between 3-6 months. However, the informed customer can limit it to 30 days or have them insert a clause for cancellation. Review your contract if you have already signed one, if you haven’t yet entered one, remember you have power-- and it’s your duty to enforce it.

2. My “Not So Good” Realtor gets to take home the whole 6% Commission!

Bust: Important to know the brokerage commission isn’t permanent, and sellers can occasionally negotiate it! However, remember sellers pay the commission. It is then split between the two realtors involved and their brokerages.

It is important to go to a realtor like PC275 where you can split a commission as low as 2.75%. Oftentimes, realtors do not put in much effort to sell a home-- at PC275 you’re getting great value, you are saving more of your hard earned money and working with a realtor who is passionate about selling your home. Our motto says it all, “Real service. Great Price. Feel Good”

3. All Agents are Equal

Bust: First, you should always do research, and should never settle with your first pick. The correct realtor can spare you time and cash, keep you out of problems and shield you. Local agents often have a leg up on upcoming deals and past transactions that can’t be explained by looking at data online. An out of town agent often needs their GPS to get around and doesn’t know community details or local news that you may need to know when purchasing a home.

Research is so imperative when looking to buy or sell your forever home. Some agents aren't straightforward and may be more keen on making a deal. You must find someone who aligns with your values and will be able to find you a home that you can afford and love.

Contact us today to learn more!

Blog author image

Andrew Crook

I lead the PC275 Realty team as the Managing Partner and Broker of Record. My current job role entails the strategic development of PC275 Realty, the management of finances, the preservation and promo....

Latest Blog Posts

Buying a Home? Plan for These Unexpected Costs!

Buying a home is exciting! And we love helping clients find their dream home. But as home buying and selling experts, we know all of the unexpected costs that come with buying a home. At PC275, we

Read More

10 Tasks to Prep Your Home for Winter

The fall is here! Have you prepped your home for the cold weather that is approaching? If not, the best time is now, when the weather is still nice. Here are 10 things you can do now to prep your

Read More

'Dos and Don'ts' of Downsizing

The kids have fled the nest and your focus has now shifted from baseball tournaments to patio drinks with friends! Spending time cutting the grass, cleaning and climbing stairs no longer sounds

Read More

Selling Your Home...

Selling your home can be a big decision. I’m sure by now you've had multiple thoughts about how to start, what to list at and if your home is ready for sale. Don’t worry! These four

Read More