Make The Most Out Of Your Estate Agent

By Author: Razvan Jr
Total Articles: 273
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How to avoid common real estate agents complaints? We all are well aware of the fact that many things could go wrong while dealing with a realtor, which is why this comprehensive list will aid you in finding the most suitable agent for your needs and luckily eliminate all common causes of complaints.

1. Be very attentive if the real estate agent estimates your property at a much higher price than expected - this might just be a simple ploy into convincing you to give them instructions to sell your estate only to reduce the asking price, very common in the real estate business.

2. Make sure that the particulars and details are properly done - poor quality photos, inaccurate and incomplete details of the house are the most common complaints made against real estate agents. If you are not fully satisfied with the brochure made by the agent, simply ask him to do it again.

3. Double check the fees requested by the agent - closely scrutinizes the fees of the real estate agent in order to see what they cover and if there are any hidden extras. The Estate Agent's Act 1979 details of all the fees and charges, including ...
... agency fees to be disclosed prior to instruction. They might be in small-prints, so please ensure that you check all agreements carefully.

4. Publicity YES/NO? - is publicity included in the price? Some agents ask for more money for publicity, so double check before signing a contract with the realtor.

5. Make sure that the realtor shows up at the viewings - we strongly recommend that you specify beforehand if/when you want the estate agent to accompany potential buyers on various viewings.

6. Make sure that the agent keeps you up to date of the progress in estate sale - many realtors fail to keep the sellers updated with details like feedback after random viewings or if any offers have been made at a certain moment - these situations can cause delays to the sale.

You need to know that another huge cause for conflicts amongst real estate sellers and realtors, it occurs when the latter claims commission for a transaction in which they were not directly involved but on the basis that they just simply introduced the buyer. There was a recent court case about this topic and a judge ruled that when an estate agent makes a claim for a commission, they must be able to prove that they were the effective cause of the sale. In other words, they must have introduced the purchaser to the purchase, not merely introduced them to the property.

Some real estate agent contracts contain a very strange yet profitable clause for the agents that stipulates, if the agent finds a potential buyer who is ready and willing to purchase a property, then he (the realtor), has the ability to ask for a commission, regardless of the fact that the home owner might not sell the estate to that potential buyer.

As you can see, there are a lot to take into consideration while purchasing or selling a real estate as the agent you hire can do you a world of good or may rip you off. Make sure that you pay extra attention when you select your realtor in order to avoid unpleasant surprises.

Summary: The article continues to offer a few ideas about how to choose a realtor and how to avoid common complaints.

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