A majority of the time you are dealing with individuals called, 'Real Estate Agents'. And yes, we are all individuals as well.
What I mean is although there is a feeling that the Agent is there for the commission only, it can be for some and the majority Real Estate Agents have feelings that can may you buy or not buy the property.
All home purchasers are looking for the best property they can buy, for the area, ensuring that price meets the fully satisfied box. They don't see dollar signs in your eyes when you enter a property and are been shown a property, they are looking for the interested purchaser not the disinterested purchaser. Even the disinterested purchaser may purchase another property from the same agency.
Qualified Real Estate Agents will give you a rundown of the benefits of purchasing that particular property, any defaults you see in that property you highlight yourself and that can be part of negotiating for the sale price.
The correct agent will say, ' The market will determine the selling price of the house' pending economic and local factors that can alter the price at any stage.
As the purchaser, using you don't come ready prepared to take down notes when you are visiting the property for the first time and there will be things unseen to you that will not be right or covered up - no matter how small they are. Then as you enter each room ask the agent appropriate questions that can determine your interest in purchasing the property. *The Agents job is to represent the seller and answer as many questions it takes, until the property is sold.
A majority or purchasers know what sort of property they have in mind and if it doesn't meet the full capacity comfort zone, they will walk out and the agent won't hear them again. This is not the agents fault - this is because the property didn't fit the purchasers criteria.
If a purchaser likes and funds are available to purchase the property within the budget limits of purchasing a property then it is the time to negotiate unless if more than one party doesn't agree.
The price advertised on the market is not the selling price unless advertised final sale price or similar. There is room to move. here then comes you negotiating qualities.
Once an initial deposit is paid then there is the cooling off period where you will be set normally 10 days to ensure that you do want to purchase property and Financial loans are approved, ready to go!
If not your holding deposit is non-refundable.
Therefor agents should be treated with the best of behaviour, so that you do get their attention and understand you want to be their purchaser of that property. It would be the same you would like to be treated if you were a salesperson.
BE NICE TO REAL ESTATE AGENTS AND THEN THEY WILL BE NICE TO THEM!
Once you are nice to them the trust begins!
*There will be times where the agent may say I have to go to another property inspection and that will indicate you have, missed the boat, try another time!' Two things can be considered here is that you didn't time yourself property to make the property inspection or the Real Estate Agent is too busy to talk to you - time constraints.
Sunday, 19 January 2014
Friday, 10 January 2014
What Type Of Properties Are You Choosing From?
This is to make it clear to some purchasers that you have a somewhat clear understanding, are fully prepared to listen too and deal with Real Estate Agents. They will use words in their language that can throw people like yourself off, words like Californian Bungalow, Terrace House & Town House etc.
Most of us have a general understanding but need that extra knowledge that your response to descriptions of what type of real estate is being described to you is completely understanding.
Let Real Estate agents know you understand what they say using their terminology. They might even take a better interest in what you say and how you respond!
House:
1. building in which people live; residence for human
beings.
Cottage:
A small house, usually of only one story. A small, modest house at a lake, mountain resort,
etc., owned or rented as a vacation home.One of a
group of small, separate houses, as for patients at a
hospital, guests at a hotel, or students at a boarding
school.
Duplex:
duplex apartment
noun
duplex house
noun
a house having separate apartments for two families, especially a two-story house having a complete apartment on each floor and two separate entrances.
Free Standing house:
A single-family detached home, also
called a single-detached
dwelling or separate
This house is a free-standing residential
building. It is defined in opposition to
a multi-family dwelling.
Mansion
1. A very large, impressive, or stately residence.
Town House:
noun
Unit:
u·nit
Villa:
Duplex:
Bungalow:
noun
Most of us have a general understanding but need that extra knowledge that your response to descriptions of what type of real estate is being described to you is completely understanding.
Let Real Estate agents know you understand what they say using their terminology. They might even take a better interest in what you say and how you respond!
House:
1. building in which people live; residence for human
beings.
2.
a household
Cottage:
A small house, usually of only one story. A small, modest house at a lake, mountain resort,
group of small, separate houses, as for patients at a
hospital, guests at a hotel, or students at a boarding
school.
Duplex:
duplex apartment
noun
an apartment with rooms on two connected floors.
noun
a house having separate apartments for two families, especially a two-story house having a complete apartment on each floor and two separate entrances.
Free Standing house:
A single-family detached home, also
called a single-detached
dwelling or separate
This house is a free-standing residential
building. It is defined in opposition to
a multi-family dwelling.
Mansion
1. A very large, impressive, or stately residence.
noun
1.
a house in the city, especially as distinguished from a house in the country owned by the same
person.
person.
2.
a luxurious house in a large city, occupied entirely by one family.
3.
one of a row of houses joined by common side walls
Unit:
u·nit
noun
1.
a single thing or person.
2.
any group of things or persons regarded as an entity: They formed a cohesive unit.
3.
one of the individuals or groups that together constitute a whole; one of the parts or elements into
which a whole may be divided or analyzed.
which a whole may be divided or analyzed.
4.
one of a number of things, organizations, etc., identical or equivalent in function or form: a rental unit; a unit of rolling stock.
| From High Rise Units |
| Median Density Units |
Villa:
vil·la
[vil-uh]
Duplex:
duplex apartment
noun
an apartment with rooms on two connected floors.
duplex house
noun
a house having separate apartments for two families, especially a two- story
house having a complete apartment on each floor and two separate entrances.
Bungalow:
bun·ga·low
[buhng-guh-loh]noun
1.
a cottage of one story.
2.
(in India) a one-storied
thatched or tiled house, usually surrounded by a veranda.
3.
Terrace Houses
s]
(in the U.S.) a derivation of the Indian house type, popular especially during the first quarter of the20th century, usually having one and a half stories, a widely bracketed gable roof, and a
multi-indowed
dormer and frequently built of rustic materials.
multi-indowed
dormer and frequently built of rustic materials.
Terrace Houses
ter·race
[ter-uhs]
noun
1.
a raised level with a vertical or sloping front or
sides faced with masonry, turf, or the like,
especially one of a series of levels rising one
above another.
sides faced with masonry, turf, or the like,
especially one of a series of levels rising one
above another.
2.
the top of such a construction, used as a platform, garden, road, etc.
3.
a nearly level strip of land with a more or less
abrupt descent along the margin of the sea, a
lake, or a river.
abrupt descent along the margin of the sea, a
lake, or a river.
4.
the flat roof of a house.
5.
an open, often paved area connected to a house or an apartment house and serving as an outdoorliving area; deck.
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