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williamsphillips Nov 21 '20
Some agents inflate their marketing plan, making it seem that your house will get a lot more exposure than it actually will. Then, once you give them the listing, you rarely hear from them and cant find much about your house in advertisements or online. Before you sign up, ask to see the marketing plan in detail, including which websites will be used and how much time the agent plans to spend. If you dont think your house is being marketed enough, say so. Dozens of states require a sellers disclosure, but what the seller and the real estate agent must disclose can vary depending on the state. For example, some states require disclosure of common natural disasters in the area like earthquakes or mudslides. Others require disclosure of noise pollution problems. Before buying a house, research the area and see whether any previous natural disasters could have damaged the house. Then, ask a home inspector to look out for warning signs. For other problems, visit at different times of the day to get a feel for the location.

The referrals you get from an agent might not be the best deal available to you. For example, agents may refer you to a mortgage broker they know, or connect you with a home inspector who may not be as objective and thorough as one you find yourself. You probably know that a real estate commission is split between the sellers and buyers agents. What you may not realize is that the commission is negotiable. Bring it up in your discussions. While youre at it, know that everything else in your contract is negotiable too. So, haggle a bit to get the best terms. Real estate agents are loyal to whomever theyre working for. If you meet a nice agent at an open house and strike up a conversation, keep in mind that the real estate agent is working for the seller, not you. Dont tell the sellers agent anything you wouldnt tell the seller directly  such as how much you plan to spend, how soon you need to move or what youre willing to overlook in the way of needed repairs.