Buying a home can be difficult whether you are buying a property to live in for yourself, or you are buying a property for investment. It is even more difficult when you are working with a real estate agent who isn't giving you the whole truth, and unfortunately that is quite common. If you want to successfully navigate real estate purchases, you need to arm yourself with knowledge about the things agents neglect to share.

Agent commissions are negotiable

That's right, if you are working with a professional agent to purchase your home, it is possible to discuss what the fee will be. There is no set total on what an agent can or should charge you for providing their services. In fact, in some cases you can negotiate with the seller in order to have the fees of your agent entirely covered by them.

It all depends on your specific sales situation. So don't let an agent bully you into a fee. You have the option to choose.

A major brand name doesn't guarantee great service

Many home sellers and buyers seek out an agent with a reputable brand who is said to offer the best service and options available. But unfortunately you can't always trust a name. You may think you are buying the service of a specific, popular agent, but find out after signing that your account has been passed off to an apprentice or junior associate. Be sure that you always know exactly who will be handling your calls, showings, and paperwork.

Checking economic standings and ethnic backgrounds of areas is up to you

According to fair housings laws, agents are unable to share the details of economic standings and ethnic backgrounds of the areas in which you are seeking a home.

If you want this information, you will need to look it up for yourself. This may be inconvenient, but it is the only way to operate within the confines of the law. Don't be afraid to do your own research before buying a home, because there are always some things that a realtor is unable to share.

Sometimes it's more affordable to rent

It is generally accepted that the most preferable living situation in the U.S. is homeownership, but depending on where you live this may not be the best option. While owning a home is a great goal, in some areas of the country this simply isn't as cost effective an option as renting might be. Before you decide to purchase a home and undertake expensive monthly payments, it may be wise to research the cost of renting a property instead. Renting can relieve you of maintenance and insurance costs, and end up cheaper in the long run, especially if you relocate often.

A quality agent will still offer great advice

While there are some things a general agent will not share, that doesn't mean all agents are out to rip you off. An agent is the best way to get expert home buying information and professional representation. Contact HFMA agents today to reach a representative who will listen and keep your best interests in mind.