The Truth About Discount Brokers

By -

The top three professions that find themselves sued are:
#1 Lawyers
#2 Doctors
#3 Realtors

The short story behind this... 
Due to the nature of the work done by these professionals, conflict is inevitable. 
People from all three of these categories take risks.
The reason we still avidly uses these service providers is because the risks associated with not using their services are even higher than if don’t!

Want to represent yourself in court? 
Want to operate on your own Spleen?
Probably not.
In fact if you ask those questions of anyone they will likely laugh.
So why is it that when it comes to buying and selling Real Estate people do not laugh when ask if they want to buy and sell their own home?

The reason is they do not see the same degree of risk involved.
Unfortunately by the time people find out that the risk can be scary...
The damage has been done.

The first mistake when selling or buying a home is attempting to do that unrepresented.
The second mistake is the decision to hire a discount or limited service broker.
The issue with a discount broker is not that they are less expensive.
Less expensive is always a good thing.

The problem with discount brokers is they often end up reducing their duties along with their fees.
What does that mean for you?
Not only is it illegal for Realtors to do that...
It means you could end up liable for their lack of effort and attention.
In North Carolina a homeowner can be held responsible for the negligence of their Realtor.
Of course without any representation you are directly liable.

Friendly advice regardless of who you end up partnering with:
Protect yourself and your investment.
Please hire a full time full service Realtor.
Please hire someone who works for a Firm you have heard of before and one that has been around a while. 
Saving 1% off the sales price is not worth you getting sued for hundreds of thousands of dollars.
The risk versus reward is not in your favor.

If you are unsure who to hire...
Ask a Realtor you personally know to help you interview someone.
I would gladly do that for any of you and I am not the only honest person in my field who wants to see you safe and happy in your next home.

#HireAgoodBroker




Comments

Post a Comment

Popular posts from this blog

Making the Move That's Right for You: Downsizing

By -
Image
Buying a home is one of the single biggest purchases people make in their lives and for several of us, it will be a process we go through multiple times at various points in our lives.  Welcome to the third and final part of our series in which we are exploring the surrounding circumstances of home buying and/or selling  throughout the various stages of your life. After years of living in the beautiful home you traded up to in order to accommodate your growing family, there will come a point where the kids move away and you'll discover that you now have simply too much space.  When that moment arrives, you'll want to embrace the beauty of downsizing.  Downsizing: The Competitive Edge Of the three stages of the home buying circle of life, sellers who find themselves in the downsizing stage are typically in the most advantageous position of them all.  Those in the downsizing stage have usually bought and sold a house or two by now, so they'll start the process with e
Read more

The 5 Phases of emotions when buying a home go something like this...

By -
Image
The 5 Phases of emotions when buying a home go something like this... Stage 1: “We are so excited!!!” You are past the part where you figure out how much home you can afford and now it is time to shop! The budget and the money are all set.  While you’re busy on Instagram and Pinterest feeling euphoric and there are sugar gumdrops all over the place in your head. Stage 2: “Wait...this is a lot to think about.” Unfortunately, there’s a lot of deciding involved with buying a home. In a market like ours you have figured this out fast!  All of a sudden you feel like you’re drowning in decisions and to do lists!  Buying your first home is feeling intense. Stage 3: “We are the happy hunters” With help from your real estate broker, you are making a lot of progress. You are seeing some homes you like and things are feeling a lot less overwhelming as you now have a guide to lean on and ask questions. Stage 4/5: The Freak Out and The Feet up. Everyone freaks out.
Read more

Millenials Investing in Real Estate?

By -
Image
I thought they all still lived at home? Turns out our vision of millennials may be changing. Some of them, after all, are 35 years old. More and more we are hearing about Millennials and how traditional and optimistic they are. It is refreshing to see a younger crowd that believes in homeownership. Maybe they are not all wanting to live in a rented 500 square foot apartment after all. Here is an article that was written this year by:  Eric Rosenbaum  of CNN Millennial money myths: The truth about homes, cars and ownership Eric Rosenbaum When it comes to trying to get inside the head of millennials, don't buy the buzz about the "don't own" economy. The success of start-ups like Netflix, Spotify and Uber have led to predictions that future Americans will choose not to own and drastically shape the future consumer society. But when it comes to big purchases — the kind that can be very good or very bad financial decisions — millennials are not that di
Read more