How to Avoid Unethical Behaviors of Realtors
Everyone wants to have a home of that they own, well at least most people do. Those who have them some times have to sell them for want of money or simply buying a new house. Whichever end of the deal you stand at, you will have to deal with a person called a realtor or a real estate agent.
These are trained professionals who help you in buying and selling a home and charge a fair bit of commission for their services. Some of them are dead honest while others can be crooked and look to exploit the situation of their client and break their trust without them ever getting questioned.
One must be vigilant and careful when it comes to dealing with realtors and keep some simple things in mind to save one’s self from being exploited.
Instructions
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1
Low Balling
Many realtors make offers to the home owner that is well below the expected selling price and market value. Later on when they have created a false impression in the mind of the seller, they make a better offer which sounds great and brings relief to the seller who may actually end up selling it for a few grand less. Make sure that you do not fall into this trap when you are selling your property. -
2
Auctions
Some realtors suggest their clients to hold an auction so that the price goes up. In reality, the price starts from a low level and often the price that goes up fails to meet the price it would have been otherwise sold for. -
3
Buyer’s Market/ Seller’s Market
This is one of the ploys realtors apply when you are selling. They will tell a buyer that it is a seller’s market so prices are high while they will tell the seller that it is a buyer’s market so the prices aren’t as high. They will do anything to make more money and lying is not a big deal so know the value of the house when you are buying or selling rather than taking the word of the realtor blindly. -
4
Property Quality
Another trick that is employed is that they show the worst properties to the buyers first so that they have a lower standard in mind to compare with when they show you somewhat better properties. In that case, the property will appear to be more appealing and you will be more interested in buying it.
