Real Estate Law Blog : Staten Island Real Estate Lawyer » hiring a real estate broker http://www.thenyrealestatelawblog.com by Steven T. Decker, Esq., Real Estate Attorney Wed, 17 Jun 2009 17:06:19 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 FIVE MISTAKES THAT CAN RUIN THE PURCHASE OF YOUR HOME: MISTAKE # 1 HIRING THE WRONG REALTOR PART 1 http://www.thenyrealestatelawblog.com/five-mistakes-that-can-ruin-the-purchase-of-your-home-mistake-1-hiring-the-wrong-realtor-part-1/ http://www.thenyrealestatelawblog.com/five-mistakes-that-can-ruin-the-purchase-of-your-home-mistake-1-hiring-the-wrong-realtor-part-1/#comments Tue, 05 May 2009 16:40:20 +0000 Sdecker http://www.thenyrealestatelawblog.com/?p=66 realtor making deal small1 FIVE MISTAKES THAT CAN RUIN THE PURCHASE OF YOUR HOME: MISTAKE # 1 HIRING THE WRONG REALTOR PART 1 I wrote my book about the 5 myths that can ruin your purchase including
1) ANY REAL ESTATE BROKER WILL GET ME A GOOD PRICE
2) ANY ATTORNEY CAN HANDLE A REAL ESTATE DEAL
3) I DON’T NEED AN INSPECTION THE HOUSE IS VERY CLEAN
4) ANY MORTGAGE BROKER CAN GET ME THE BEST RATE
5) I WILL BE IN THE HOUSE ON THE DATE IN THE CONTRACT
 

THE MOST IMPORTANT THING TO REMEMBER IS TO UNDERSTAND THE PROCESS BEFORE YOU CHOOSE YOUR REALTOR!   

Why Hiring the Wrong Broker can cost you Thousands of Dollars

Since they get paid by the seller some Real Estate Brokers don’t protect a buyer’s interest.   Since they get paid on the sale they need to get you into a house and since they get paid based on the price of the house they have every incentive to get you to pay the highest price possible.  This does not mean all brokers are bad or that the process is broken but it does mean a smart buyer finds an agent who will work to get a fair price.

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