6/9/2022 0 Comments Shady Real Estate Agents When real estate agent tries to sell a property, they often use deceptive tactics. These tactics are intended to encourage a buyer to make an offer while wasting your time. This article looks at some of these tactics, and how you can spot them. Keep reading to learn how to spot realtors who use shady tactics. And remember, there is no such thing as "true professionalism." Realtors' shady tactics are common. The main reason behind this is their greed - they want to sell your house for a higher price. To get this higher commission, they'll try to convince you to accept an offer that is lower than your true value. It's crucial that you keep this in mind, and never fall prey to their tactics. A good rule of thumb is, to be honest with your clients and to avoid shady realtors. Some realtors' shady tactics are not obvious, but many buyers don't recognize them. A real estate agent with shady tactics could leave an outdated listing on the internet to attract buyers. The agent could also leave a vague address for a property to attract prospective buyers. In short, you are paying twice for the same service. And the worse thing about this is that the agent will be working for two clients! Choose the Interlake Real Estate agency that uses none of these tactics. Other shady tactics are less obvious but just as dangerous. Be wary of shady agents who will over-emphasize home features that aren't true. Sometimes they'll even label a home as a condo when it isn't, just to get you to buy it! This kind of careless behavior shows a lack of attention to detail and can be dangerous for your real estate transaction. Don't let realtors steer you towards a property you don't want. Realtors are supposed to guide you through the process, but sometimes they are more interested in making money than in helping their clients. Ask if the realtor has a referral list for contractors or lenders. If you feel steered, seek legal help. Another shady tactic is recommending Real Estate Owned (REO) properties. REO properties are foreclosed properties that are sold for far less at auction. They are often listed with realtors, read this Blog for more details. Another tactic used by realtors is pocket listings. Pocket listings are often stolen by other agents. Often agents will list a property as "Pre-MLS" to keep other realtors from competing for it. This is code for "signed listing agreement" and that the property will be put on MLS soon. A "Pre-MLS" listing can be a shady tactic because it prevents other agents from listing it on the MLS. Using shady tactics, real estate agents may not have clients. They may not even be aware of their clients. That is a clear sign that an agent is a predator. It's illegal to pressure a buyer by quoting a higher price than the seller has agreed to. A real estate agent who makes this mistake has no other interest than their commission. You don't want to get suckered by an agent who is merely out to make money. For more knowledge about this topic, visit this link: https://en.wikipedia.org/wiki/Real_estate_investing.
0 Comments
Leave a Reply. |
|