Real Estate Agent Gimmicks and How to Avoid Them

Overview

Real estate agents tend to get a bad rap. But let’s face it, there are unprofessional people in every line of work. That also means there are plenty of great real estate agents - the kind that will help you earn more money as a seller or get more for your investment as a buyer.

Real Estate Agent Gimmicks

1. “I have a buyer for your home.” 2. “This is definitely the property for you – but it probably won’t last.” 3. “If your house doesn’t sell, I’ll buy it.” 4. “This price will get you a bidding war.” 5. “I’m the biggest, I’m the best.”

“I have a buyer for your home”

“When I first started in real estate, that was one of the first things we were taught,, a real estate agent with Real Estate in Winnipeg. “They told us that there’s an agent out there who will have a buyer for that area, so technically you’re not lying. But that’s not the reason to hire a real estate agent. You want one with the best marketing plan.”

“This is definitely the property for you –but it probably won’t last.”

Good real estate agents don’t sell houses; they help buyers through the process of finding the best home they can afford. So, if you feel serious pressure from your agent to buy a particular house, something’s up.“Agents want to make a sale. A lot of agents are living paycheck to paycheck, so the quicker they can close a buyer, the quicker they get paid,

“If your house doesn’t sell, I’ll buy it.”

Offering to buy an unsold house is another common tactic some real estate agents use. It isn’t dishonest, but while it may help agents attract more clients, it isn’t all it’s cracked up to be. The problem? The price you’ll get for the home in this case is much lower than list price - often as little as 85 percent of the home’s appraised value,

“This price will get you a bid war.”

A bidding war happens when buyers get competitive with each other while making offers on a property. This often drives the home’s price up well beyond list price. This is an outcome many sellers fantasize about, but cautions that it’s exceedingly rare.

“I’m the biggest, I’m the best.”

Every city has at least one big-shot real estate agent. Maybe it’s someone who’s been working in the business for decades. Maybe he or she has invested a lot of time and money into high-quality advertising. Or maybe that individual is just a great agent who gets a lot of referrals.