Shady Real Estate Agents and Their Shady Tactics

It is possible to spot a few signs that a real estate agent is using shady tactics. One such indicator is a persistent refusal to take a reasonable offer for a property. Unlike buyers, sellers will not be easily fooled by an agent who repeatedly offers prices that are higher than theirs. The Interlake Real Estate agent will make it clear that the price they offer is not the one the seller wants.

Another red flag to look out for in a real estate agent is if he or she uses false advertising. False advertising means a realtor may use cheap tricks to gain business. In some cases, the agent may implement shortcuts in the partnership, such as leaving up an old listing to attract buyers. Similarly, an agent might post a vague address to get more exposure for a home listing. These are all signs of shady realtors.

One of the shadiest realtor tactics is a dual agency, wherein the agent represents both the buyer and the seller. While this is not legal, it does mean that the agent's commission is split between the two clients. That means the client doesn't get the best representation. Nevertheless, this is a common tactic used by many agents. If you have questions about this tactic, consider hiring a lawyer.

Some realtors may try to manipulate the buyer into giving an offer that is higher than their own. This tactic can happen when agents tell a buyer that a previous buyer made an offer that is higher than their own. However, you can avoid such tactics by determining your top offer price before making an offer. When making an offer, you should base your offer on your price range and how badly you want the house. If the seller's agent is putting pressure on you, don't let him get away with it. See Blog to know how to avoid real estate shady tactics.

Another tactic used by realtors is low-balling. This tactic puts the seller on the defensive and rarely results in a good outcome. While the goal is to make the seller happy, it only works if you can hit the lowest possible selling price. This tactic may seem harmless at first, but it usually ends up with a dead-end offer. If you want to avoid these tactics, then make sure to research the agents before hiring them.

Many sellers put weight on how many houses a particular real estate agent has sold. However, some agents will lie to gain a listing. You should never hire a realtor based on this factor alone. Once your property has been listed, potential buyers will be able to see it. If you hire an agent based solely on this reason, you'll be more vulnerable to fraud. If the agent tells you that they have sold several homes in a row, this is a red flag and maybe a sign of shady tactics. For more knowledge about this topic, visit this link: https://en.wikipedia.org/wiki/Real_estate.

 

All Posts
×

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly