Top Tips for Avoid Falling for Real Estate Agent Tricks
If you are planning to purchase a home, one of the first things that you need to search for is a good 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. There are so many horror stories innocent buyers fall for the tricks that unscrupulous real estate agents attempt to pull.
By knowing about such tricks, you will be better able to avoid them when you actually encounter them in the middle of a real estate transaction. Here are some of the usual, unethical real estate agent tricks that you must avoid falling for.
First, some real estate agents may attempt to bully you into buying immediately. 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. However, keep in mind that you shouldn’t rush into a real estate transaction. If you to make an informed decision and be certain that you are not going to get hit with serious problems regarding the house later on, you need to 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. Stick to your budget and never agree to a price that is beyond what you can actually pay for.
Finally, never let a real estate agent talk you into using their mortgage brokers. Remember that these brokers have an incentive to pressure you into choosing a loan or lender since they get paid a commission. As a matter of fact, it is certainly illegal for a real estate agent to persist on making you use a broker that they chose for you. As much as possible, look around for the right rates and terms for your mortgage. When you have to use a broker, always choose one that is reliable and ethical.