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Lying to the clients can lead to many problems about how many properties you have sold. There are many cruel agents and agencies which appear to develop well on publicity and inflating things beyond real life. Overstated referred to as puffing in the advertisement world, plays a role in most business dealings.
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Lying to the clients can lead to many problems about how many properties you have sold. There are many cruel agents and agencies which appear to develop well on publicity and inflating things beyond real life. Overstated referred to as puffing in the advertisement world, plays a role in most business dealings. You all must have seen such sorts of properties where they describe a three-bedroom, two-bathroom suburban home with glowing terms and conditions that even the average person would also think to buy the same. So this is how agents sell lies in glowing conditions. This is a very easy practice to take a quick visit to the home to satisfy yourself. This type of lie doesn’t mislead the buyer.
However, there is a limit or can be said a line that cannot be crossed at any cost. If an agent overstates to the extent of the misrepresentation, there is a potential that acts to the financial loss, likely gives rise to fraud. So here are some of the lies that real estate agent tells home sellers, buyers or their customers, and this is explored through the articlesofShorash Amin. Lies About:
The Rate: Pricing a home correctly for sale is the most important factor in whether it will be sold or not. Most of the real estate agents lie to their sellers that their home is worth more than it is. They do this to secure the listing so that they can get the reduction price in the future or pick up some buyers from the listing. This is referred to as “buying a listing”. And some agents do not lie purposely about the price, but it’s being done because of the lack of training and experience.
The Brokerage Fees: And some real agents lie about the brokerage fees which is also termed as “commission” in real estate. And they state to the buyers and sellers there is a fixed percentage of commission, which is not true. One more thing, it is not such a good idea to hire an agent who offers the lowest brokerage fees.
Their Production: The crazy thing about this lie is that some of the agents don’t have a lot of past sales, so here they try to lie about their experience selling homes and their production. Their Experience: Some of the new agents act smartly and tell a lie about their experience as it becomes easier for a seller to sell the property. But it is very easy to find out the history of the agent and how long he has been in the same business.
Their Specialties : The most common lie every agent tells is that they have a specialty selling specific types of homes like townhouses, luxury homes, sea-view homes, waterfront homes, etc. but the reality is they have a limited number of homes to sell.
As you can see, there are several lies those agents tell while selling the home or property, and still there is a number of lists of lies. Instead of Real Estate Hacks By Shorash Amin, and if you have a doubt whether or not an agent is being honest and truthful, then without confusing yourself, catch the idea and hire the agent. SOURCE CREDIT : https://shorashamin.blogspot.com/2021/06/shorash-amin-lies-and-damn-lies-about.html
