Tricks Employed By Real Estate Agent - Dc Fawcett

 

DC Fawcett Real Estate

Real estate agents play a major role when you are buying, selling, renting or leasing the property. They create an impact on the buyers to take a financial decision. They are the ones who give you the guidance for trading with the property. They use many tricks to get the deal finalized. DCFawcett tells you the tricks they use.

Tricks Employed by Real Estate Agent

The real estate agents use many tricks to close the deal as early as possible. Auctions and sales are very much at the peak during the spring season across the country. The sellers reap the maximum benefit in this season as the housing prices increase rapidly. Whatever it is price, the buyers buy the property though they get the feeling that they have been overcharged. If you are a beginner in this field, you need to be wise about the common real estate tricks. However, the agents can also change their tricks once they know you are wise. In such cases, you need to know about the market in depth so you avoid getting manipulated. Here are the tactics or the tricks the real estate 

1.       Getting tricked into paying advance fees – Real estate agents can request the advance fees from the sellers for flipping or renting the property. In this domain, it is termed as upfront fees which are used in the name of special advertising which must be ordered well in advance. Avoid paying money before they start their work. If possible, you may also have to negotiate the fee arrangement you wish to make.

2.       Unrealistic selling price for a home – The real estate agents, who assure the seller about the unrealistic price they can get for their home through the listing, means they are tempting them to take a hasty decision to go for it. They know very well this is what the sellers would like to hear. However, these words sound too good to be true. After a month or two, the agents say that market has gone down so the price needs to be reduced. However, that month is very much critical as there can be a drop down in the price if the sale is not made quickly. So you should not give the exact price in the beginning.

3.       Selective disclosure – You need to keep a watch on those real estate agents who avoid full disclosure about the property. There are the possibilities that the real owners might have been killed and the property has been illegally occupied, which may put you in trouble after you buy that property. You must ensure that the agents give a full disclosure about the property. You need to insist them to give the same commitment in black and white.

4.       Double ending deals and pocketing offers – This is another trick that real estate agents use. In this strategy, they charge double commissions by bringing the buyers of their own. This is fine as long as the seller does not have to share their commission with other agents. However, in most of the cases, the real estate agents representing sellers who have buyers might conceal the inquiries you get, offers or counteroffers from other agent’s buyer to safeguard their interests.

Conclusion

Hiring a real estate agent should be made like a job application and the interview. The real estate agents should be treated like a candidate to ensure that the person whom you hire should be honest and competent.