In Slow Housing Market, Buyers Must be Wary of Biased Real Estate Agents

It’s a slow housing market.

While this fact provides leverage for those pre-approved for a home purchase loan because sellers are desperate to move their property, there’s a problem borrwers must also be aware of:

Sellers are desperate to move their property.

As a result, these group of individuals - and related developers/builders - have been offering incentives to real estate agents in order to finalize a sale. Ivy Zelman, a Cleveland-based housing analyst at Credit Suisse Group, says home builders are “desperate.”

Therefore, rewards such as the ones listed in the chart below are being offered. Buyers must simply keep these in mind because they may explain why agents are pushing one piece of property over another. But always remember:

It’s YOUR money. It’s YOUR home mortgage. It’s YOUR decision. Don’t be swayed, especially not buy agents that don’t always have your best interests in mind.