Don’t Get Ripped Off by Your Real Estate Agent

Check these snippets of advice -
  • Agents often betray sellers:
    One of the biggest complaints about agents is that they seem to work for the buyers, rather than the sellers. The agent is concerned with completing a deal so they can get a commission. If this means lowering the seller’s price to complete, then a lot of them have no compulsion to do this.

    By doing so, incompetent agents are betraying their sellers. Sometimes agents will openly tell buyers that the home is overpriced or that the sellers are desperate to sell because they have bought another property, or similar.

    Many agents talk behind seller’s backs and in effect betray them.

  • Some say Auctions benefit Buyers more than Sellers
    Many people have been burned at auctions because they have not reached the price that the agent had almost guaranteed would be obtained. The agent really is not that concerned because the commission on a reduced price is not much less than the commission on the price the seller is seeking. In essence, the auction tends to be more of a buyer’s market than a seller...

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