What should I not tell my real estate agent?
Ross says there are three things you never need to disclose with your real estate agent:
- Your income. “Agents only need to know how much you are qualified to borrow. …
- How much you have in the bank. “This is for your lender to know, not your real estate agent,” he adds.
- Your personal and professional relationships.
Should you disclose everything to your Realtor?
Even if you don’t share information about a defect or material fact, your Realtor® is obligated to share the information with the potential buyer and their agent. Even if you explicitly direct your agent not to discuss the issue, he or she must disclose it.
Do you give Realtor a gift at closing?
What Are Closing Gifts? Closing gifts are simply a way to thank your REALTOR® for their hard work during the home buying process. While it’s typical for an agent to give their client a gift, it’s not generally expected to give your REALTOR® a gift in return.
Do real estate agents lie about offers?
In conclusion, yes, real estate agents can lie about offers. However, it is more likely they are using vague “sales speak” or being upfront about a specific proposal. It is up to you to discover which, retain control over your purchasing and to act in your own best interests.
Can I sue seller for non disclosure?
Yes, you can sue the seller for not disclosing defects if your attorney can prove that the seller knew about the defect and intentionally failed to disclose it. Unfortunately, many sellers know about defects. Often, they will do things to mask the defect, like repainting or putting in new carpet.
What is a seller obligated to disclose?
California’s Especially Stringent Disclosure Requirements
Sellers must fill out and give the buyers a disclosure form listing a broad range of defects, such as a leaky roof, deaths that occurred within three years on the property, neighborhood nuisances such as a dog that barks every night, and more.
Can buyer Sue seller after closing?
As a last resort, a homeowner may file a lawsuit against the seller within a limited amount of time, known as a statute of limitations. Statutes of limitations are typically two to 10 years after closing. Lawsuits may be filed in small claims court relatively quickly and inexpensively, and without an attorney.
How do I annoy my realtor?
Am I Annoying My Realtor? 6 Things That Actually Are Annoying Your Realtor
- When You Ask to See Properties Without Being Pre-Approved. …
- 2. … …
- When You Schedule a Home Tour Six Times Without Making an Offer. …
- When You Make a Lowball Offer That’s Insulting. …
- When You Negotiate Items That You Signed Off On Pre-Inspection.
Why do most realtors fail?
Most real estate agents fail because they don’t understand how to properly set goals or create action plans. Successful real estate agents are constantly setting and reviewing goals and action plans. It’s not as simple as setting a yearly goal and not revisiting it until the end of the year.
What is the most common complaint filed against realtors?
Unfortunately, litigation and licensing complaints against real estate professionals are exponentially increasing.
Most Common Complaints
- Incomplete and duplicate contracts.
- No permits.
- Easement errors.
- Mineral rights.
- Failure to review or recommend survey.
- Contract drafting.
- Failure to review title.
- Loss of earnest money.
How much money should you have saved up before buying a house?
If you’re getting a mortgage, a smart way to buy a house is to save up at least 25% of its sale price in cash to cover a down payment, closing costs and moving fees. So if you buy a home for $250,000, you might pay more than $60,000 to cover all of the different buying expenses.
Can a Realtor show you any house?
A Realtor can and should show you any home that meets your criteria it does not matter what company has listed it. A Realtor can work for you on a for sale by owner and this is not even listed. … The seller of the home still pays for the agents on both sides but you get the expertise of the agent.
Why do Realtors not want buyers and sellers to meet?
A real estate agent stops that. It’s intimidating to have the sellers in the home when buyers walk through it. They may not feel as comfortable looking in all the areas they want to look. When the sellers aren’t present, buyers feel more comfortable looking around and see everything the home offers.