Buying or selling in the Carolinas?

Know the Most Lies Told to Sellers by Agents to Grab the Contract

Do you have a fantastic home in a very posh area? Are you thinking to sell it? Well, real estate brokers are always ready to serve the purpose in an efficient and faster way. But, can you trust them completely? They are not Pinocchio whose noses will elongate if they lie. Hence, come up with ample lies to increase their profit and get a listing. If being a seller you know those lies then the deal can close on your side.

The Top Lies Told by the Agents

It’s very unfortunate that the brokers feel a need to lie in order to sell the property. Though some of the lies that are told by the agents are very common, they can be summarized in the following way. Let’s check the most lies told to sellers by agents:

• Brokerage Fees- This fee can also be termed as a commission that the brokers earn after selling a property. Some implants a misconception on your mind that it is a fixed rate or percentage for a particular area. This is not the case. Each firm or the agent determines their pay not the area. If they did, that would be price fixing which is totally illegal

• Price- Correct pricing of the home is as important as the selling itself because if the projected price is higher than it is worth then the people will lose interest in your property which will lead to the loss of the clients. Some agents are afraid they will not get the listing if they don’t agree with the seller and let this be known. Then, the property sits on the market for months before the agent requests a price reduction or hey just let the home expire.

• Lies about the Past Records- The capabilities of a realtor can be understood by the market value and the time taken to sell a particular project, rather than what they say. Usually, they exaggerate their functionalities to get a better commission and attract more clients. Therefore, their previous records must be checked before hiring them. You can use real estate sites that feature agents and their sales or ask them to give you actual MLS data.

• Own Website- The realtors who don’t have their own website, need help from other websites to establish their platform. A few agents tell a white lie about having their own websites, which they believe to be an added benefit to attract the clients.

• Open Houses- There are huge pros as well as cons of the open house concept. Nowadays, with the introduction of the new technologies in the real estate market, this concept sells only 5% houses. Therefore, the brokers who claim to sell the property without the use of the internet and just by following the conventional method sets a false hope in your mind.

• Potential Buyers- They also might claim to have fixed customers who are ready to buy the property if you hire them. However, in most of the cases, these claims have proven to be a false one.

Conclusion

The market has various agents who prefer to con people rather than to serve them with the correct requirements. Therefore, know the most lies told to sellers by agents to save you from getting cheated by false traps.