How to Avoid Real Estate Agent Tricks
If you want to buy a home, one of your first priorities should be to look for is a reputable real estate agent. It goes without saying that the real estate agent you hire will impact whether or not the transaction will go as expected. As much as you can, always pick a real estate agent who is not just qualified and experienced, but is also ethical and trustworthy. In a lot of cases, unknowing buyers fall for the tricks that unethical real estate agents have up their sleeves.
By recognizing these tricks, you will be better equipped to avoid them when you actually encounter them as you are conducting a real estate transaction. Here are a few of the most common, unethical real estate agent tricks that you should know about.
First, many real estate agents may try to bully you into purchasing quickly. They’ll do a lot of things to get you excited about a property and make you believe that there are so many other buyers who are equally interested in it as you are. Nevertheless, do not forget that you cannot rush a real estate transaction. For you to make an informed decision and make sure that you are not going to be surprised with unexpected issues concerning the house in the future, you should always have all the information at hand.
Second, do not hire real estate agents who would promise you the world and are don’t feel any guilt about lying to make you buy a property. You can definitely research a real estate agent’s reputation online to be certain that he has not had clients who were forced to buy because of his misleading promises and actions. Make sure that you are going with a real estate agent who is dedicated to honest and ethical transactions. They should always let you know about any problems with a particular property and let you know candidly about other offers for the property. Have a limit to your budget and never pay more than what you can really afford.
Finally, don’t allow a real estate agent convince you into hiring their mortgage brokers. Keep in mind that these brokers have an incentive to urge you to go with a specific loan or lender because they receive a commission. In fact, it is definitely illegal for a real estate agent to require you to use a broker that they selected for you. Whenever possible, research for the best rates and terms for your mortgage. When you have to use a broker, always choose one that is reliable and ethical.
Source: my blog