Top 5 Lies Told by Real Estate Agents

For many people, buying or selling a home is the most important financial decision they’ll ever make. Visit https://residential.jll.de/ if you are intrigued by real estate opportunities in Germany. Property is the most equitable asset a person can own, and selling it requires proper care from a trustworthy real estate agent. It doesn’t even have to be with your real estate agent, as some homeowners may decide to go down the avenue of using a home/cash buyer from somewhere similar to Elite Home Solutions to sell their homes instead. Whoever you decide to build a professional relationship with, it is important that you are able to trust them in a circumstance as big as this. Unfortunately, not all realtors are perfectly honest, and a few bad apples have given the real estate industry a poor reputation overall.

The root of the issue is that real estate attracts (some) people who believe this career will mean easy money. Obtaining a real estate license isn’t particularly difficult in many states, and you don’t need a college degree to do it. However, a lucrative career in real estate takes serious chops. Those who rise to the top don’t get there accidentally. Keep reading to learn about the top 5 things real estate agents lie about so you can help sort the good from the bad.

  1. Experience

Some agents lie about their real estate experience, especially on their websites. Some are dishonest about the amount of years they’ve been licensed, and some won’t list their years of experience at all. Knowing how long your realtor has worked in the industry is crucial. Experience often means a realtor knows how to handle a range of tricky situations and how to avoid them altogether. If the agent is withholding information, it may be easier to get a quote online when selling your house. At least this way you can contact various agents and take all of their offers into consideration. An online agency will also have all of your documentation, will be online so there is less chance of you losing anything and it’s all easily accessible.

  1. Price

Providing an accurate market price for a home is paramount to whether that home will sell. An overpriced home will struggle to sell. Some agents will tell a seller their home is worth more than it actually is in order to secure a listing. If you’re shopping for agents and one gives you a price far outside the scope the other agents discussed, be wary.

  1. Listings

Active listings are a key indicator of an established agent. Some agents will list all of their agency’s listings as their own online. Some will even list other agent’s listings as their own. If you cannot find a link on their website to a specific agent’s listings, they may not actually have any. You can always call the office number and ask the listing agent of a certain property if you have trouble determining it on your own.

  1. Social Media

If an agent tells you they’ll sell your house because they’ll share the listing on social media, their social strategy is all wrong. Agents that successfully use social media use it as way to expand brand awareness by building a loyal online community. It’s not just about promoting your newest, flashiest listing, it’s about establishing yourself as a useful hub of information.

  1. Specialties

Sometimes agents will advertise a specialty to help them establish a niche of the market. However, just because an agent has made one sale in a trendy neighborhood, doesn’t make that neighborhood their “specialty.” Don’t let yourself be fooled. With a little detective work, you can uncover if an agent is being truthful about their sales. Don’t take “The Condo King’s” word for it. You can obtain a copy of an agent’s sales from the Multiple Listing Service.

In truth, most agents are more morally sound than they are given credit for. This is a business in which referrals are instrumental to growing your clientele, and realtors ultimately want happy customers. Regrettably, our overall perception is skewed because trustworthy agents rarely make the news.

Still, some realtors will say anything in order to make a sale – even if it’s a lie. The good thing is that a little investigation can usually uncover the truth.