Bell Nut Bell Nut
   Index :> About Us :> Privacy of Info :> Terms & Conditions :> Add Url :> Submit Article
Search:   
Add Your Link
 

Online & Indoor Games

Recreation & Entertainment

Fashion & Relationships

Culture & Art

Education & Learning

Jobs & Employment

Business & Commerce

Shopping & Auction

Food & Recipe

Medical Care

Software & Networking

Finance & Investment

Hotels & Travel

Government & Politics

Self Enhancement

People & Communities

Children

Adventure & Sports

Home & Garden

News & Events

Automotive

Realty & Property

Science & Space

Fitness & Health


 

Index –› Realty & Property –› Property Websites
 

Real Estate Secrets Revealed: Make the Most of Your Home Buying Experience

 

When Christy Corder -- a first time home buyer just out of law school -- decided to buy a home, she wanted to get the best deal possible, but was too busy studying for the bar exam to do all the work herself. She didn't have the time to "shop around" with a dozen different Realtors - most of whom were incompetent anyway.

In a competitive market where there are practically more people with a real estate license than with a driver's license, Christy realized that agents will do anything to get a customer's business... ANYTHING! To capitalize on that fact, she developed a plan she could use on any real estate agent, in any market, and not only got them to bend over backwards for her, but she was assured that she would receive a nice chunk of that agent's check at closing if all of her requirements weren't met.

Some of the tactics Christy used are as follows:

Quickly separate the winners from the losers. Due to the fact that most agents couldn't negotiate their way out of a paper bag, Christy needed a way to quickly identify the best agents who could get her the best deal on her home from the rest of the crowd. That way, she didn't end up finding a home with an agent she might not want negotiating on her behalf.

Christy had a couple agents in mind, but rather than wasting time looking at a bunch of homes with each of them, she decided to construct an interview for each of those agents. After her interview, she would either identify an agent worth working with, or look around some more. Either way, she wasn't going to waste a minute of her time looking at homes with an incompetent agent.

Guarantee they are going to be the ones doing all of the work. In an earlier attempt to find a home, Christy found more homes she wanted to see on her own than the agent she was working with found. She didn't have the time to do all of her agent's work, and knew that her agent SHOULD be able to find everything she was finding. However, typical commission structures give no incentive (or disincentive) for agents to do that work.

Christy changed that by making her agent agree up front that she would be compensated fairly out of the agent's commission if she found the house herself. As a result, not only did her agent search the MLS several times a day, but he went above and beyond the call of duty to find other homes not in the MLS -- and he found them before 95% of other Realtors found them!

Keep them on their toes with a "cancel anytime clause". Any agent who wanted Christy to sign an agreement committing her to use them for the next 6 to 12 months just wasn't going to cut it since most agents sit back and relax as soon as they get a buyer to sign any such contract. Once Christy found that her agent "passed the test", she told him she would sign a 12 month contract, but reserved the right to cancel her contract with that agent at any time - for any reason. That way, if the agent got too busy for her, wasn't finding enough homes for her to look at, or turned out not to be as competent as he initially appeared to be, she could get rid of him.

Force them to stop selling homes as if they were used car salespeople. Nothing irritated Christy more than agents who kept pointing out the obvious with each home -- as if she were blind and didn't notice that the home had vaulted ceilings, or which bedroom was the master bedroom! Christy felt that an agent's job isn't to show off the painfully obvious positive features of every home they see -- but instead to watch out for her interests and find out everything WRONG with that home. She developed a condition which any real estate agent who wanted to work with her had to agree to -- up front. That condition essentially guaranteed her agent would never waste her time with "used car sales" tactics, and instead act as her advocate -- making sure she doesn't buy a home that she won't be 100 percent satisfied with after her purchase.

All of the agent's work will cost her nothing, and on top of that, if desired, she could make money from her agent. Considering she was just out of school, Christy didn't have much at all in savings, and she wanted all of that to go towards buying her house and furnishing it. The last condition Christy required of her agent was that she didn't pay him a dime out of her pocket. In fact, she devised a very interesting plan that leveraged her contacts with the community to make money with her agent instead of ever having to pay a dime in steep commissions if she wanted to work with that agent in the future.

Author: Joel McDonald
 
Author Bio:
Joel McDonald is a noted author. Joel likes to create articles about this area.
 
 
 

Related Articles

 
Let Your House Sell Itself
 
House Flipping Basics
 
Real Estate Investment Tip - Getting Far Lower Property Taxes!
 
Apartment Financing Explained
 
Why You Should Invest in Real Estate
 
Home Sellers: Why Isn't Your Home SOLD?
 
7 Tips On Choosing Your Estate Agent
 
Locked and Loaded, My Real Estate Investment Strategy
 
How To Stage Your Home For A Quick Sale
 
Get Your MBA in Real Estate Investing In Less Than 12 Months: Your Mega Bank Account
 
 
 
 
 

Sarasota Commercial Real Estate - Making Most Out of Market Shares

The commercial real estate market in Sarasota offers office properties, for distribution and industr ... - Cleo Capili
 

Exceptional Investment Property Potential in Estonia

Estonia is an Eastern European economic success story with an exciting emerging real estate market t ... - Rhiannon Williamson
 

Brazil: The Latest Exciting Emerging Real Estate Market

A look at why Brazil represents an exciting opportunity for real estate investors seeking an emergin ... - Rhiannon Williamson
 

Home Buying Process: How to Customize Your Own Research Portal Using Yahoo, MSN or Google

What if you could create your own home buying research portal- a web-based information center that r ... - Brandon Cornett
 

The Big Dig And Its Effect On The Boston Real Estate Market

We've seen raising property values during speculation of the completion of the Big Dig in Boston. We ... - Jon Ernest
 

Condo Hotels: The Hottest Niche In The Real Estate Market

The condo hotel concept provides benefits for the developer as well as for the buyer. Developers fin ... - Paul Hansen
 
 
Index :> Privacy of Info :> Terms & Conditions  
Copyright © 2008 www.bellnut.com