Beware of Unethical Real Estate Agent Practices ? Anthony Real ...

Selling a home can be difficult and that?s why millions of homeowners put that burden in the hands of a professionalEscondidoarea real estate agent. With the help of an agent, your home has the advantages of being more broadly marketed, piquing the interest of multiple buyers and selling quicker than if you just stuck a for sale sign in the yard.

Unfortunately, there have been cases where disreputable professionals have taken advantage of their clients. While you?re dealing with the already overwhelming emotions of selling your home, you don?t have time to stress over whether your [city] real estate agent is doing his or her job ? you just want to trust that?s the case. However, if you notice any of the following scenarios, you might want to address the issue up front or seek out another professional.

• If your agent over-promises ? Your home should sell within a certain price range based on comparables in your area. However, unethical agents sometimes promise they can sell your home at a higher price than others. Once you?ve signed the listing contract, they?ll tell you the price needs to be lowered. If their promises seem too good to be true, then they probably are.
• If he or she is stalling in order to double dip ? While it?s rare, agents have been known to delay listing a home in the MLS database, marketing your home or showing it to potential buyers because they?re hoping to find a buyer themselves and collect commission on both the sale and purchase. You can avoid this problem by verifying what the agent has accomplished and following up on anything that?s not getting done in a timely fashion.
• If the buyer arrives at your bottom number too quickly ? If an agent wants to get a sale over with quickly, they might tell the buyer or the buyer?s agent your bottom price in order to close the deal. Divulging this crucial information could lose you thousands of dollars that the buyer might have been willing to pay.

The easiest way to avoid any of these problems is by doing your due diligence before hiring the agent. Interview the agent, talk with a few of their past clients and then follow your gut instincts.

If you?re getting ready to sell a home and want to ensure you?re dealing with an ethical Escondidoarea real estate broker, I?d love to be interviewed for the job. I?m happy to provide you with a list of references who have used my services. ?Please call me at 1-800-250-8766 (ask for Jay or use ext, 20), 760-705-4529 Direct or email me at Jay@AnthonyRealEstate.net to schedule an interview or to get additional information.

USEFUL LINKS:

Emotions of Selling

http://www.cdispatch.com/opinions/article.asp?aid=626

Comparables

http://buyandsell.houselogic.com/articles/how-use-comparable-sales-price-your-home/

MLS

http://www.realtor.org/law_and_policy/doj/mls_overview

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