6 Things Nick Millican Says Buyers Should Never Do With Estate Agents
Nick Millican has experience with several firms and years of experience to offer people looking to buy a home; his experience with asset development and management has made him a prominent figure in the real estate industry. He often hears buyers talk about an estate agent helping them through the process. Remember that estate agents work for the seller. Here are some things buyers should never do with estate agents.
1. Never Give Them Your Real Email or Speak to Their Mortgage Broker
Offer throwaway emails when estate agents ask because the email will have tons of marketing spam. Some estate agents make equal money selling mortgages and property. As Nick Millican states, you have no obligation to talk to their broker to confirm you can make the payments. Remember, the broker is helping the seller, and be careful what information you offer to the broker.
2. Never Use Their Conveyancing Service or Downplay Your Budget
Estate agents make money from introductory fees when they offer a solicitor to you. You need to trust your solicitor, but how can you trust one from the seller? Never downplay your budget with an estate agent, Nick Millican suggests. There may be better properties they can show you if they know the true value of your budget.
3. Never Take Their Other Offers at Face Value or Worry What They Think
Estate agents never lie about a home or other offers but may leave out some facts. As Nick Millican recalls, the seller may have rejected another offer, but who knows why it fell apart.
Never worry about the thoughts of estate agents because they are trying to sell the property, Nick Millican states. As the buyer, you decide what the property is worth, and the seller either accepts or declines.