You hired a real estate agent to make use of his expertise
and marketing power to sell your house at the best possible rate. While working
with them, there are some deadly phases that you wouldn’t want to hear from
them. While “just cover the hole with a piece of furniture” or “sorry, it’s my
day off” fall on the other end of the spectrum and are perfectly unacceptable,
let’s take a look at more common but less absurd ones.
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“I have read the agreements
and the contracts for you. Just sign”
Don’t continue to do what you instinctively do when you come
across the sentence “Do you agree to the terms and conditions?” No, absolutely
not. Regardless of whether you are a buyer or a seller, you need to have a
clear idea about the transaction details. If you are a tenant, it’s all the
more reason for you to thoroughly read the rental agreement.
“Let’s just take a
look at houses that are a little over your budget”
No, as a homebuyer, don’t just take a look at houses a
little over your budget. Firstly, they are rarely a “little” over your budget. Secondly,
when you are purchasing property, the potential extras that come in will anyway
exceed your budget marginally. You don’t have room to accommodate houses that
are over what you can afford.
“I have scheduled 15
houses for today. Let’s briefly look through all of them”
This situation comes up when you want to make a purchase in
big cities. When you are looking for flats
in Kolkata, Chennai or any other big city, there are probably various
options within your budget and the real estate agent wants to show you all of
them. But don’t make the mistake of skimming the house just to have more
options in hand. Invest quality time while looking through each house.
“I’m sure the seller
will take less”
Probably but also, probably not. Make sure the agent isn’t
over promising because under delivering after this can really cause heartache as
a home buyer. Also, because you would have started envisioning your life in that
house.
“You can stay around
while the potential buyers come in”
Hey, seller. This one is for you. You shouldn’t tag along
when the buyer is looking through your property. It’s understandable that you
want to participate in the selling process but your presence might make the
buyer uncomfortable.
“I’m a part time
agent”
This is a major red flag. The fact that they do it part
time, or even worse during their free time, means they won’t be available
easily. Your best bet is to look for an agent who works full time.
Now that you know what kind of agent to look out for, begin
your search for one on reputed listing websites like property.sulekha.com.