If you’re thinking of selling your home, then you should be aware of estate agents’ tricks. Estate agents tricks can leave you feeling frustrated and annoyed. They can can make it challenging to sell your property. In this article, we’ll share some of the tricks that estate agent use, and that you should be aware of. So if you’re looking to sell your home quickly and easily, keep reading!
How to Spot a Bad Estate Agent
There are a few red flags that you should watch for when looking for an estate agent. The first is if the agent is pushy or aggressive in trying to sell services. It’s important to remember that estate agents should only be interested in your best interests, so don’t be afraid to ask them any questions you have. If the agent seems unprofessional or doesn’t seem to know much about the property market they’re working in, it’s probably a good idea to look for someone else. Finally, be sure to ask the agent to inspect your property. If the agent seems reluctant to inspect your property, it’s probably best to find someone else to help you with your estate planning.
Here are five signs that your agent is not up to the task:
1. Estate agents who charge high fees.
Estate agents who charge high fees often do so because they believe that they are providing a valuable service. However, many people feel that these estate agent fees are excessive and are unnecessary. Some estate agents may also charge high fees because they have high fees, for example large premises to pay for, or a large number of staff. If you are thinking about hiring an estate agent, it is important to ask about fees and compare them to other potential options. We’ve written an article that outlines how to sell a property without an estate agent.
2. Your agent is not honest with you about the condition of the property.
If you’re unhappy with the condition of the property you’re trying to sell, it’s important to speak to your agent. Agents are obligated to disclose any and all deficiencies in the property to buyers, so they can make an informed decision about whether or not to buy. The costs of making these repairs to your property can be excessive. Its important that you understand these costs so that you don’t run out of money before you finish the repairs to the property. You want to ask their advise about which repairs are needed and which are not. If you’re unhappy with the agent, or your agent will not provide this information, it’s important to speak to a different agent.
3. Your agent does not have experience in your property market.
Your agent may not have experience in your area of interest, or they may not have the right contacts to help you find a buyer for your property. It is important to work with an estate agent who is knowledgeable about the area in which you property is located. There are alternatives to estate agents that may better suit your needs.
4. Your agent is not responsive to your inquiries.
If you have tried emailing, calling, and messaging but your agent still is not responding, it may be time to consider whether your estate agent will meet your needs and standards; It may be time to determine a different route to selling your property. Estate Agents who are not responsive to customer inquiries can be a major drain on your time and energy, so it is important to find an agent who is willing to actively engage with you and support your needs. Often estate agents who are willing to work closely with you and answer your inquiries, will do the same for buyers, making them more attractive for buyers to use when looking for a property; and, the more buyers on an estate agents books, the more likely you will be able to sell your property.
5. Your estate agent asks you to pay for more advertising.
Advertising can be an effective way to drive more traffic to your property and increase the number of inquiries the estate agent receives. However, it is important to be mindful of your budget and make sure that you are getting the most value for your money. Estate agents should include advertising within their base service package. If its not included you need to carefully consider whether the additional cost of advertising results in an expensive way to sell your property.
How to Spot an Unethical Estate Agent
You should now be armed with the key tips to be able to identify a bad an estate agent. Unethical estate agents can be thought of as the worst kind of estate agents. It’s important to be aware of the warning signs that an estate agent may be unethical and the tricks estate agents use. Unethical behavior includes any action or inaction that is not in the best interest of the individual or group. . Here are a few to watch for:
Unethical estate agents will often try to pressure you into making a quick decision.
Whether that’s a decision to sign a contract for their services, or to make you accept an offer from a buyer. Another thing to watch for is if the agent is asking you to sign a contract without giving you a chance to read it. A good estate agent will let you read the contract before you sign it, and give you time to examine and reflect on whether it’s the right contract to sign.
Estate agents will often try to intimidate you into signing a contract without properly assessing your needs.
Thankfully high-pressure sales and tactics to intimidate people into signing contracts has reduced, but this can still be employed by an estate agent. Its something you need to be aware of, so you can combat it, if the estate agent is pushy, won’t leave your property, or become intimidating.
Estate agents that over value your property
Estate agents who offer you a very high value for your home, in the hope you will be tempted to choose their service and sign a contract. This often leads to them advertising your property at this inflated price for a few days or weeks, before quickly reducing it to the market value, or below. This can lead to you feeling frustrated and disappointed that you have not achieved the valuation that they originally gave.
How to Choose the Right Estate Agent
When you are ready to sell your home, it is important to choose the right agent. There are a few things you should consider when choosing an estate agent. First, you should ask the agent about their experience in selling homes in your property market. Second, ask about their qualifications. Third, ask about their fees. Fourth, ask about their marketing and advertising plans. Fifth, ask about their experience in handling negotiations. We hope this has provided you with some top tips about how to identify a good estate agent.
Consider the best way to sell the property
There are a number of ways to sell a property and its important that the options that most suits your needs is chosen. You could choose to sell your property via an estate agent, but this is only one of the options you have. This can be a good choice if you can avoid the issues highlighted above, and find an ethical estate agent that is an expert in your local property market. If you have less time, a Cash offer for your house may be the best option for you.
Cash buyers may be a valid option for you. Cash buyers are probably going to offer you less than the asking price. But the fact you’re going to save money on costs and other expenses like repairs, solicitors fees, estate agents fees you are likely to find yourself coming coming out with more money.
When it comes time to get paid, you should get the option of getting a cheque or having the money transferred into your bank account.
Even if you don’t sell to K&G Lettings Limited, feel free to ask us any questions you may have regarding selling your rental property. We’ve helped lots of homeowners sell their house in Hull, Goole, Skegness, Yorkshire and Lincolnshire. Give us a call now at 01482 961961.
