Real Estate Agents Have Become Professional Liars: Find The Details Of Their Lies Here!!!

Honesty is a great pillar in practically every vocation, but it’s more vital in a vibrant sector such as real estate or construction time lapse video. Buying a home is one of the biggest investments you can ever or will ever make in your life. It involves a lot of money that you’ve probably toiled hard to accumulate over a long period of time. Realty agents who play a big role in linking buyers to homes have sadly become professional liars, likewise in the construction industry, time lapse cameras are used to check progress of the build.

Getting a real estate license isn’t hard in most states, with educational requirements and professional standards being so low. This has led to an increase in dishonest agents carrying out shady scams within the realty market, taking advantage of unsuspecting clients leaving them crying foul later on.

The integrity of realty agents is always on trial. Home sellers and buyers have a high expectation of real estate agents to be ethical, well experienced, professional, and most importantly honest in their dealings. The Realtor Code of Ethics forbids agents from participating in unethical behavior.

Rogue real estate agents have the tendency to give distorted information regarding their qualifications and work experience on their websites with the aim of driving more traffic to their sites. They buy ads and pay for commercial rights with the aim of attaining a high ranking on search engines.

Simply because a realty agent has a high ranking website online doesn’t mean that he is honest with the information he offers. Some sites are just full of lies. Below are examples of lies and distorted information realtor agents put up on their websites and how you can pinpoint the lies:

Real Estate Listings

Realtor agent websites display the agent’s listings. There are a select few who turn down listings, for example, exclusive buyer broker agents. Listings are an agent’s pillar that upholds the realtor’s experience. The absence of a listing could translate to them not having any experience in the field.

Some of the agents who lack listings misrepresent information by advertising listings belonging to other agents on their sites. It’s important for you to carefully scan through the listings to prove that the agent truly owns them. You can take further action by making phone calls to confirm the details. You may be shocked to realise that the details given are all misrepresented.

Realty Experience

If you find it hard to make a proper clarification of the total number of years the realty agent has been certified to sell property, then it could probably mean that the agent has little to no realty sales experience whatsoever.

The more the experience the agent has, the greater his mastery is of the market, with the ability to foretell potential market issues that are bound to take place and have the necessary preventive measures in place to prevent them from happening. The agent should be able to handle any kind of realty problem he is faced with owing to the vast experience they boast of having.

 If an agent cannot be able to handle complex realty issues yet he boasts of having this massive experience, rest assured you’re dealing with a liar. 

Verify The Agent’s Realty License

The Association of Real estate License Law Officials is a great site you can visit online to help you determine whether the agent is genuine or a scammer. Using the agent’s license number, you can discover whether the agent’s license has been suspended or if there are any filed complaints against the agent and whether the agent is in good standing with the state’s federal government.

Regardless of the information an agent offers on their website about their realty sales track record, verifying the agent’s license can either vindicate him as being genuine or expose him as a professional liar. Verifying an agent’s license can help pinpoint the lies he told.

Real Estate Field

Realty agents advertise to potential clients their field of specialization, whether it’s selling homes in luxurious neighborhoods, or marketing themselves as elite home experts by displaying top-notch houses on their sites, or acting as representatives for certain types of buyers. Others may market themselves as Federal Housing Administration consultants.

While some of the agents may be genuine when giving this information, some aren’t and are just professional liars. You may be shocked to realize that an agent hasn’t sold any luxurious home or closed any Federal Housing Administration transaction.

It’s also important to note that a single sale doesn’t qualify an agent to be ranked as a specialist. To prove whether an agent is who he says he is and has accomplished what he is relaying on their website, you can request for a copy of all closed sales all printed from MLS.

Conducting a bit of investigation can uncover a lot about the agent and help you determine whether the agent is honest or is just a scammer. Before you hire an agent, scan through their information to get real details about them.

Get The Agent’s Production Record Copy

You can request for this copy from the agent to print it out from the MLS or you can request another different agent to print it for you. If an agent markets himself as being a top producer, yet has sold only one house the whole year, he’s a liar. An Agent’s production record can reveal how many home sales the agent has made in an entire year, how much each home cost, and the location of each home.

You can also request for references. Testimonials listed by agents definitely have clients that were served by the agent previously. The agent should be able to provide you with their contacts which you can use to contact them and confirm if indeed the posted testimonial is true or a lie.

In conclusion, it’s important to note that looking at the agent’s face value in terms of their website ranking top and the information they’ve displayed online isn’t enough to simply make a decision to work with the agent. There’s more than meets the eye.

Working with a trustworthy agent matters if you are to get the home you’ve dreamt of if you are making a purchase or make a successful sale if you’re selling without incurring any losses whatsoever. Liars cannot be trusted. Be vigilant enough and let’s kick lying realty agents out of the real estate market.

Understanding Home Equity And How It Can Work In Your Favor As A Home Owner

Home equity in real estate can be termed as ownership value built into a home which is a representation of the home’s market value minus pending mortgage payments. This value grows as time goes by as the owner of the property makes mortgage payment thereby increasing the home’s market value.

Equity can be determined by taking the home’s market value and subtracting from it any pending loan balances.

Home equity can be viewed as the share of the home that you actually own. While you are considered the overall owner of the home, the fact that you purchased the home using borrowed money which is yet to be paid off means that the lender partially owns the home until the loan is completely paid off in full.

The asset with the highest value to a homeowner is home equity. The homeowner can use it to his/her advantage in the future. It is therefore vital for him/her to have a perfect understanding of how it works and use it wisely.

Let’s review an example of home equity: Assuming you bought a home for $500,000 and placed a 20% down payment for it which amounts to $100,000, which you took from your own savings. You then acquired a loan to cater for the pending $400,000. The home equity interest that is due to you is 20% of the value of the home.

The total value of the home is $500,000. You paid $100,000 with your own money, amounting to 20% of the overall price which is $500,000. This means that you have ownership of the home, but in essence, your value of ownership for it is $100,000, or 20% equity stake.

The loan lender technically owns no part of the home since the officially recognized homeowner is you. The home, however, acts as a collateral or security for the loan you took to pay for it. The lender’s interest is secured by having a lien on the house.

In the event that the value of your home doubles and becomes $1,000,000, the amount that you owe the lender still stands at $400,000, but your equity stake increases to 60%. The way to determine this is by taking the loan balance, which in our case is $400,000 and dividing it by the new market value which is $1,000,000 and then subtracting the acquired result from one. The answer in decimal form is then converted to a percentage by multiplying it with 100.

It is important to note that the loan balance that you’re due to pay still remains the same but there is a substantial increase in your home equity which is a plus for you.

So how can you grow your home equity? Below are a few ways that you can do it:

  1. Repaying Your Loan

As you continue paying off your pending loan balance, you increase your home equity. A large number of home loans are Standard Amortizing Loans where monthly payments are projected towards your principal and interest. With the passing of time, the amount incurred for the repayment of the principal increases, thereby building your equity at an additional rate each year.

If you’re operating with an Interest-Only Loan or any other form of a non-amortizing loan, equity cannot be built up in a similar manner. You may be required to have additional payments to minimize the pending debt and grow your equity.

  1. Increasing Price

Another way to build equity is when your home increases its value, this being independent of your actions or influence. It can be sponsored by a vibrant real estate market or the rise of better projects.

So how can you make use of home equity is a question you may be asking. Equity being an asset forms a section of your overall net worth. You may decide to one day make a single withdrawal from your equity or retain it and pass it down to your successors.

Below are some of the different ways you can use your home equity:

  • Use It To Purchase Your Next Home

You may not live in the same home forever. If you plan to shift to a different home, you can opt to sell your current house and invest that money towards purchasing another one. If there are pending mortgages, you can’t use all the money you get from the sale, but you can use the equity.

  • Take Up A Home Equity Loan

You can take up a Home Equity Loan and get money to spend on any need or activity you may have at hand be it paying for school fees, home improvement, purchasing a car, whatever need that the money can meet.

  • Finance Your Retirement

You can spend your equity in the years after taking up retirement through a Reverse Mortgage. Such a loan becomes a source of income to you when you retire and need no monthly payments. Their full repayment happens when you vacate from the home.

It’s important to note, however, that these loans are complicated and may pose potential problems to you as a homeowner in the future.

One other important aspect to consider concerning home equity is home equity loans. They allow you access to huge sums of money at low-interest rates. They are backed up by real estate making them easy to qualify for.

You can access a home equity loan by applying with lenders who evaluate the house’s market value and determine the amount that you can borrow. You can get a Home Equity Loan where you receive a lump-sum of money and repay it at a fixed rate with flat monthly repayments over the years.

A HELOC (Home Equity Line Of Credit) makes the provision for you to draw funds as per your need. You have the provision to borrow the specific amount that you need within the draw period so long as you maintain an open line of credit. Minimal payments can be made on the debt.

Once your draw period ends, you’re expected to repay all your debt aggressively with no delays and clear it off fast. Applicable interest rates are variable.

They, however, have risks attached to them, one of them being that your house acts as the loan’s collateral. In the event that you fail to repay the loan, the lender has the authority to take over the home in a foreclosure and sell it to recover their money. This will most likely send you back to renting.

Home equity can work well for you as a homeowner if you have a proper understanding of it. With this insight at hand, you can use the home equity available to you in your favor and accomplish more with it. Make the best of this great asset.



Are You A Homeowner Aged 62 Years And Above? You May Want To Consider Using A Reverse Mortgage

A Reverse Mortgage in real estate can be termed as a home loan which allows you to convert part of the home equity that you’ve built up over the years while making mortgage payments into cash. This loan places your home as a collateral.

By terming it as reverse, it means that you’re the one receiving money as opposed to making monthly payments to your lender. Your loan amount also increases over time in contrast to it decreasing as you pay each monthly payment.  This concept can be likened to taking a second home equity loan or mortgage.

Reverse Mortgage is only applicable to people aged 62 years and above. There is no requirement to repay the loan and this valid until the day you vacate out of the home.

You can get money to run any kind of errand or supplement your savings and any other modes of income that you have via this loan. Sounds great, right? You should, however, note that this loan is quite complicated to unwind and it reduces your assets that you’ve set apart for your successors.

One of the major sources of Reverse Mortgage is HECM (Home Equity Conversion Mortgage). It is considered to be cheaper for borrowers since it is backed up by the government and the rules behind it make the loans offered consumer friendly.

So how do you qualify for a Reverse Mortgage?

  1. You should have a home that belongs to you, and not a rented property.
  2. You need to be 62 years of age and over.
  3. You should have enough equity in your house since you are drawing money from your home.
  4. You must have the financial capacity to consistently pay for home-related expenses such as insurance premiums and property taxes to ensure that the property value is maintained and you remain its sole owner.
  5. If you have a pending first mortgage, you can receive a Reverse Mortgage on condition that the Reverse Mortgage will become the property’s first lien. This means that borrowers can pay off the pending mortgage debt with a portion of the reverse mortgage. This works best if your home has 50% equity.

There are several factors that play a role in determining the amount of money that you can receive from loans. These include:


The higher your home equity is, the more loan amount you can get. It works best for borrowers who’ve been consistently paying their loan over the years and the mortgage is almost completely cleared off.

Payments Made Periodically

You can settle on the option of receiving consistent payments which can be on a monthly basis. These payments can be lifetime or for a limited predefined time period, for instance, 10 years. In the event that your loan is outstanding owing to the fact that all borrowers have shifted from the house, the payment seizes.

Line Of Credit

You can decide to use a line of credit as opposed to taking cash instantly. This gives you the provision to get money when you need it. The beauty of this method is that you get to pay interest only on money that you’ve actually borrowed. Your credit line also has the potential to grow with time.

Interest Rates

The lower the interest rate is the more amount of money in form of a loan you can receive from the Reverse Mortgage.

Lump Sum

You can receive all the money in one payment. The interest rate on the loan is fixed. Loan balance increases over time with the continuous increase in interest.


The youngest borrower’s age greatly affects the amount of money you receive. Older borrowers can get more. Excluding the younger borrower in order to receive a higher payout could be risky since the younger borrower will have to vacate the home in the event of the death of the older borrower due to him/her being excluded from the loan.

Using A Combination

You can make use of a combination of all the factors listed above. You may, for instance, initially take a small lump sum and then maintain a line of credit for use later.

Reverse Mortgage Costs: What Do They Entail?

Getting a Reverse Mortgage involves the payment of fees and interest. The fees are incorporated or financed into your loan. They minimize the equity amount in your home which means you’re left with less in your estate. It is advisable to pay out the fees using money from your pocket as opposed to paying interest associated with the fees over many years.

You’re also obligated to pay closing costs similar to those of a home refinance or purchase. You’ll need to do an appraisal, file documents, and have your lender review your credit. You can manage some of these costs but others are beyond your control.

Servicing fees from a Reverse Mortgage can give you sticker shock because of how high they are. There are, however, maximum limits in Home Equity Conversion Mortgage fees.

You are also subject to paying insurance premiums to the Federal Housing Administration since Home Equity Conversion Mortgages have the backing of the Federal Housing Administration which minimizes your lender’s risk. The initial mortgage insurance premium ranges between 0.5-2.5% and an annual 1.25% fee for your loan balance.

With regards to repayment, Reverse Mortgage doesn’t involve monthly payment, rather, the loan balance is payable the moment the borrower makes a permanent shift from the home either upon selling the home or in the event of death.

The debt payable will sum up to the cash amount received plus the accumulated interest on the borrowed money. This debt keeps growing over time since you’re borrowing but not making payments. The debt becomes due upon the borrower’s exit from the house, and it needs to be repaid.

In the event that you fail to oblige to the agreed terms such as paying property taxes, your loan may become due and you will be required to pay.

Reverse Mortgages are repaid via selling a home. If the house sells more than what you owe, the extra amount is handed over to you. If it sells for less than what you owe, you’re not obliged to pay for the pending money with a Home Equity Conversion Mortgage. In other words, you are free from the debt.

However, if your successors make the decision to retain the home, the full loan amount involved is due regardless of whether the loan balance is more than the value of the home.

If you’re a homeowner aged 62 years and above, getting a Reverse Mortgage can be quite advantageous to you in the long run. With no income needed on your part, accessing it is easy even when you’re on retirement. Why not try it today?