Often a home buyer feels like they did not get what they paid for when the used Boise real estate agents, and this leads them to faulty conclusions about the industry as a whole. As such, it is no wonder why some people are afraid to start looking! Fortunately, most of the stories that are circulating about the process of purchasing a home are nothing more than myths. Allowing any idea to settle into your mind without examining the other side is never a good pattern to set, so read the points listed below.
Myth #1: Timeliness is not a priority to Boise real estate agents
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. Expecting punctuality is just another dimension of preparedness, so do not accept less than the best. Never accept any amount of disrespect or disregard from an agent your interview.
Myth #2: Your real estate agent will have to change everything in their schedule to show you homes at the drop of a hat
With so many agents receiving their income from selling homes, the likelihood of having an agent refuse to show you a home is pretty low, unless, of course, you have no contractual relationship with them. After all, agents can’t be expected to work for free and taking you to see a home without any contract from you or a possibility of earning a commission simply is not good business.
Myth #3: Title companies and lenders are in cahoots with agents
Agents involved in the industry know the rules and this form of compensation is completely illegal and unethical. Since the mid-70′s, agents have been limited to receive payment in compliance with the law established under RESPA. The numbers just would not make sense given that the agent would lose their license to practice real estate and face penalties well in excess of their kickbacks.
Myth #3: Home inspectors recommended by the agent will always favor the agent
While your agent would certainly like to see the home come through with a favorable inspection, no reputable agent will want the inspector to put a stamp of approval on a home that does not deserve it. Agents who want what is the highest benefit for their clients are the norm in today’s real estate industry. With the real estate industry being so competitive, there are very few agents who could hack any bad reviews of their services. Overlooking or suppressing material facts from the home inspection report is subject to legal recourse, so few Boise real estate agents would be willing to accept the risk. Every buyer should know all the facts surrounding a home purchase and that should not be impeded by Boise real estate agents. A good agent will work on your behalf to make certain all of the necessary repairs are made before the transaction is completed.
Myth #4: Agents need to tell clients about the ethnic make-up and crime statistics of a neighborhood
While it may seem reasonable to ask your agent certain details about the neighborhood you are considering, keep in mind that Federal Fair Housing laws prevent agents from discussing certain details. More specifically, any information that can be considered discriminatory cannot be discussed. Even if you are asking about details for good reasons, such as wanting to live in a Jewish community so you can be surrounded by others of the same faith, your agent cannot provide you with information regarding the ethnic make-up of the community.
The same is true when it comes to providing information regarding school statistics and crime rates. 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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