Realtors are sometimes seen as sleazy salespeople who are only after your money, similar to a used car salesperson. That isn’t always the case. Here are 5 myths about New Jersey agents you should ignore.
All Commissions for New Jersey Agents Are Equal
Some clients begin their house search thinking everything regarding their New Jersey agents is boilerplate and there’s no room for negotiation or adjustment. This is simply not true.
When selecting the right qualified real estate professional for you, it’s a good idea to read through the fine print before signing off on anything. Many people think that a real estate agent receives a standard 6% commission, and this is also false – it’s negotiable.
When shopping around for the right agent to guide you through the buying or selling process, it’s important that you take the time to get a feel for who your prospective agents are and to make sure you feel they have your interests in mind from the get-go. If during an initial meeting you feel they just aren’t present and lack interest, be willing to walk away and try someone else.
New Jersey Agents with Ads and Gimmicks Are Worth More
Shiny objects can attract attention, but they’re not the best barometer of quality New Jersey agents.
It can’t hurt to meet with an agent who advertises around your local area but do keep the same standards as if you were meeting other New Jersey agents. Don’t let the perceived glitz and glamor of copious advertising blind you if something doesn’t feel right.
Another thing to keep an eye out for are promises to get you the best price for your home, or claims that the agent will buy your home if it doesn’t sell within a certain period of time. In the case of the latter, this often means the agent will buy the home off of you for an exceptionally low price.
Being an Agent Is Effortless
Agents may not always be working a standard 9-5 workday, but they make up for it with work hours that stray way beyond the norm. Being New Jersey agents often mean working weekends, evenings, and possibly holidays.
Keep in mind that these individuals go on house showings at times that are convenient for both the potential buyer and the seller, which doesn’t necessarily mean it’s convenient for the agent.
They’re there to get the job done for you. This also means that if you have any concerns or want to get more information on a property or walk through a property, do not hesitate to send them a message to get the ball rolling.
Once You Choose an Agent, You’re Locked in
If you’ve started the buying or selling process with a specific agent that does not mean you’re stuck with them.
Although there is an agreement involved, asking the agent or their agency to release you from the agreement is entirely reasonable. In the event that the agency decides to not release you from your agreement, they know it most likely results in you not buying a home and their agent not getting paid their commission.
Because of this scenario, it’s likely an agency would release you from any agreements if requested.
Buying through the Seller’s Agent Saves You Money
Occasionally, buyers think they don’t need an agent, and putting in an offer on a property themselves will end up saving them money. Chances are if you’re going into a negotiation without the help of a qualified and experienced real estate professional, you’re not going to get the deal you deserve.
Hiring New Jersey agents to represent you means having the leverage of their local market knowledge and personal networking connections to get you the best possible deal. If you’re without that protection and decide to use the seller’s agent through negotiations, remember that the seller’s agent works for the seller, not you.