Myths & Common Misunderstandings
Common myths when searching for Lake Norman real estate. Have you been searching homes online, driving by property and found that perfect one! What do you do next? Surprise!
When searching for real estate in the lake area you need to review some common myths and misunderstandings that can cause home buyers to make mistakes. While some of the statements below may sound logical in actuality they are not.
Myth: It’s best to contact the listing agent because they’re already familiar with the property.
Sure, the agent on the yard sign knows the property, but that’s because they’ve been hired by the owners to help sell it. That’s what listing agents do. Their job is to represent sellers in property transactions, marketing properties to potential buyers and helping sellers earn as much as possible on the sale.
Does that sound like an agent who will be looking out for YOUR best interests? Buyers will be better served if they avoid the listing agent (anything you tell them may hurt your negotiating position) and select a buyer’s agent to arrange a showing – someone who will represent your interests in a transaction.
Myth: I’ll save money on commissions if I work with the seller’s agent.
Not true. Commissions paid to the buyer’s and seller’s agents are predetermined and written into the listing agreement; in most cases, if the listing agent brings a buyer to the table (because the buyer contacted them directly) that brokerage will earn both sides of the commission.
That means buyers don’t necessarily save anything by going directly to the listing agent. More importantly, when a buyer approaches the listing agent, they’ve potentially lost a vital opportunity to receive loyalty, confidentiality and other fiduciary duties that buyer’s agents owe their clients.
Myth: All real estate agents are basically the same, so I might as well contact this one.
Again, not true. As in all professions, some real estate agents deliver a higher standard of service than others. One way to make sure you’re working with a professional Realtor – an official membership into the National Association of REALTORS.
More Home Buying Tips
If you planning to buy real estate in the Lake Norman area, make sure you’re following these simple home search tips. Several common myths about who to call when you find a property you like, the advantages of pre-owned homes, learn about buying new homes and important property tax questions you should ask.
Buyer Tip Videos
Visit my YouTube Channel’s “Home Buying Tips” playlists. There are many helpful home buying videos to watch.
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Robin is a licensed as NC real estate agent. Robin works in the lake real estate market towns of Cornelius, Huntersville, Mooresville, Denver NC, Davidson and Charlotte NC. She will educate you and ensure you are taking advantage of the best market opportunities. Robin will also help you set realistic expectations. Furthermore, she will walk with you through the entire process. Home buyers can trust Robin to help them find a property of their dreams. Home sellers will receive unparalleled exposure to their listings. She will assist her clients in negotiating the best possible price. She will also do her part in keeping your transaction running smoothly! Ask her any general question about real estate in NC and around Lake Norman.
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Common myths when home buying, surprise! Matching homes with lifestyles is the basis for Robin’s real estate business. Most of all, contact Robin if you have any general questions.