Tips For Dealing With Real Estate Agents

[caption id="attachment_2644" align="alignleft" width="395" caption="How To Work WIth Your Real Estate Agent"][/caption]

There is an education that is not being taught in school. It is the education of becoming an adult. Subjects that should be taught in this make-believe university include managing clients, updating your checkbook, making enough money, selling, buying a car, buying a home, selling a home and working with "the middle men"...to name a few. Today's lesson is an intro to dealing with real estate agents.

Like it or not, if you are going to purchase a property, 99% of the time you will have to deal with a real estate agent. Real estate agents come in many varieties and you will unfortunately run into many that are unethical and/or do not really know what they are talking about.

Real estate agents, however, have the power to make or break a good deal on property. As the selling agent for a property, they are the ones that you do all of the negotiating with in order to get the best price possible. If you know how to deal with a real estate agent, you can in fact walk away with an excellent price.

Here are some things you should know when dealing with real estate agents:

Firstly, remember that a majority of real estate agents aren't property investment gurus. If they were, they would be doing property investment as a full time living and not selling real estate which is a very competitive field with usually very low salaries. Do not ask a real estate agent for property investment advice - they will tell you whatever you need to hear in order to purchase the property. Real estate agents are not trained in real estate investments - they are trained on how to sell property and how to negotiate to get the best price for the seller. If you dont believe me, ask your friendly real estate agent how many properties they actually own or have purchased in the past. You'll find that most agents have only really purchased their own home and maybe one investment property or no properties at all. How can they give you property investment advice based on this experience?

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