Be Smart: Don’t Fall into Realty Agent’s Gimmicks
Nov 17, 2016 Real Estate News
As it is very easy to cheat an illiterate person, similarly it would be equally easy for your real estate agent to trick you when you do not have the minimal knowledge of real estate. This ignorance might even lead you to financial losses. In this article, we will present in front of you five common gimmicks that are used by real estate agents in order to hook clients.
When you are planning to buy or sell a property, it would be quite natural for you to hire a realty agent so that he can help you to crack a good deal. But certain incidents have been seen where these reality agents have duped their clients.
Therefore, it is always wiser to remain cautious and keep the following things in mind when you are dealing with your real estate agent.
You have chosen the best agent in the market.
This is a typical persuasive attitude of real estate agents. Although this confidence helps him find a business but this might give you a bloated image of his credentials. Therefore, it is advisable not to have a blind faith on him. Do a proper background check of your agent before you appoint him.
Bidding wars for your property!
A bidding war is a situation where the buyers are giving highly competitive rates over your property. They are even quoting figures above the price you have asked. But this dramatic situation is not very realistic as in most of the cases this is a false promise.
Your dream house is slipping out of your hand
It is a common statement used by realty agents when they want you to buy a particular house. They might also use impassioned sentences like: “This house is meant for you.” It would be wiser for you, not to be carried away by such indulgent words. Instead, investigate about the house thoroughly and take a decision only when you are sure.
If no one buys, I shall buy your property
Such a statement might apparently sound reassuring when it is coming from a real estate agent. But doesn’t this idea negate the purpose of hiring an agent in the first place? This is so because if an agent buys a property that would naturally be at a lesser price than the market value.
I have found the best buyer for your property
Some random real estate agent whom you have not hired might contact you with such a proposal. But soon you will get to know about the validity of such statements when you start to cross questioning these agents. Most probably they will refuse to share any other details unless you register with them. In such situations, it is better to ignore such agents.
Mostly the real estate agents are smooth-talkers. They try to lure you with rosy promises and assurances. Therefore, it is highly recommended that you do thorough checking before you select your real estate agent.
When you are planning to buy or sell a property, it would be quite natural for you to hire a realty agent so that he can help you to crack a good deal. But certain incidents have been seen where these reality agents have duped their clients.
Therefore, it is always wiser to remain cautious and keep the following things in mind when you are dealing with your real estate agent.
You have chosen the best agent in the market.
This is a typical persuasive attitude of real estate agents. Although this confidence helps him find a business but this might give you a bloated image of his credentials. Therefore, it is advisable not to have a blind faith on him. Do a proper background check of your agent before you appoint him.
Bidding wars for your property!
A bidding war is a situation where the buyers are giving highly competitive rates over your property. They are even quoting figures above the price you have asked. But this dramatic situation is not very realistic as in most of the cases this is a false promise.
Your dream house is slipping out of your hand
It is a common statement used by realty agents when they want you to buy a particular house. They might also use impassioned sentences like: “This house is meant for you.” It would be wiser for you, not to be carried away by such indulgent words. Instead, investigate about the house thoroughly and take a decision only when you are sure.
If no one buys, I shall buy your property
Such a statement might apparently sound reassuring when it is coming from a real estate agent. But doesn’t this idea negate the purpose of hiring an agent in the first place? This is so because if an agent buys a property that would naturally be at a lesser price than the market value.
I have found the best buyer for your property
Some random real estate agent whom you have not hired might contact you with such a proposal. But soon you will get to know about the validity of such statements when you start to cross questioning these agents. Most probably they will refuse to share any other details unless you register with them. In such situations, it is better to ignore such agents.
Mostly the real estate agents are smooth-talkers. They try to lure you with rosy promises and assurances. Therefore, it is highly recommended that you do thorough checking before you select your real estate agent.
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