Home Buying Myths You Need to Know

Are you buying a home? I am going to share with you the biggest myth about using a realtor to buy your next home - and I am going to show you how to navigate the process. One of the biggest myths people have about using a realtor as a buyer is that you have to pay this enormous amount of money to hire an expert. 

Guess what? That's not the case! Most of the time - in fact - 99.9% of the time in the national market, the seller is paying the buyer's agent's commission. So you, the buyer, are not paying your realtor; the seller is paying your realtor. So friend, exhale because you get to hire an expert to work on your behalf, negotiating the contract, and you don't owe them a thing. The seller pays your realtor. 

Another myth is that you will be at an advantage by working directly with a seller's agent. This is not true at all, and I'll give you an example. I have a client who was ready to put an offer in on a property, and they were willing to offer the list price. I talked to the seller's agent and found that the seller might agree to the list price. I went back to my client with this insight and guided them on offering a price a little below just in case there was a counter. 

Knowing how to go into an offer is key - that- and putting your client's best interest at the forefront. In this case, I ended up saving my client several thousand dollars because the seller did not counter and agreed to our terms. 

This next myth is also a biggie. There is an assumption that relators will talk buyers into a higher-priced property because they believe the realtor will make more money.

Again, it goes back to integrity and making sure you're connected with an experienced realtor. Or are you working with an agent?  All realtors are agents, but not all real estate agents are realtors. The difference being we, realtors, have agreed to a code of ethics, and we don't do that. That's just not what we do. We're in this for the long haul, and we're here to represent you.

The market will determine prices, but working with an expert who puts your interests first is going to make the difference. If you're interested in buying a home or condo in Nashville, give me a call or text me at 615-335-0770.