Although not everyone has had a bad experience with real estate companies, I would like to give advice to both buyers and sellers of properties in Delray Beach, FL. Exercising a bunch of precautionary measures can help a great deal especially if this is the first time you will hire an agent from a company. There are a few things that you have to bear in mind to make sure that you are not being ripped off by the agent:
1. An open house is not always a success.
When the agent first sees a property, one of the first things that he or she will suggest is that you hold an open house. It does give way for buyers to learn about your house and inspect it so they can purchase it in the end. However, according to the National Association of Realtors, an open house only has a 2% success rate. You better think twice before you listen to the agent’s advice.
2. An agent’s fees are flexible.
So this particular agent gives you the amount that you need to pay for his r services. You think twice because it is expensive. Still, you hire that agent anyway since he is such a smooth talker that you believe he can sell your house quickly. Let me tell you that agents have negotiable fees. If you think they are asking for a really high price, say no. They’d be fast at lowering their payment down.
3. No offers? Not really.
Agents from real estate companies are legally bound to tell you about offers if ever they come. However, not all of them do that. Some may have a good reason where they think the offers from buyers are insultingly low, but there are some brokers who think for their personal gain only. If the offer is low from a prospect, he will have lower commission so he will hide the offer from you and wait for a much more attractive offer.
4. Whose side are brokers on? Buyers’ or sellers’?
There will always be confusion as to whom these agents serve. They promise to help the buyer find a home that goes with a fair price, but still, this is a challenge mainly because of the commission they can get from a seller. Brokers are very focused on making deals and closing a sale so they can have that commission. This hunger for their fees will definitely not give the buyer and even the seller their best interests
5. Agents are not the same as lawyers.
This is perhaps the most important thing that you have to know and remember. When you buy or sell a house, there are real estate transactions that will transpire. These transactions require documentation so that they will become legal agreements. The problem is that agents usually do not have an understanding about the things written in those documents. Still, they fake that they understand them just so the sale would push through.
I strongly advise you to be wary of hiring agents from real estate companies that do not have good reputation. Whether you want to buy or sell, there will always be a commission on the way. In this case, you can either sell your home through FSBO or you dedicate yourself into finding the best and most trusted companies in Delray Beach.
Check out our site to find more advice and help in searching for properties in Delray Beach. We also buy homes so just send us an email and we will try to respond immediately with our price.