The real estate industry is a competitive field. The majority of real estate agents work extremely hard and with integrity.
Unfortunately, this isn’t always the case. You’ve worked very hard to save up a down payment for a new home, and you’ve qualified for a mortgage. You’ve found the ideal place and have booked an appointment to view it. What if your agent isn’t being honest with you about the property?
If a real estate agent is being dishonest with you, how can you tell? Outlined below are a few things you may want to look out for.
Pressurizing you to close
All real estate agents want to make a deal, but they should do so honestly. If they are pressuring you to close the deal as soon as you leave the viewing, it could be a sign that something isn’t quite right.
You know that the property has only been listed recently, but your agent is claiming that dozens of people have had viewings and are poised to make an offer. If something doesn’t feel right, then you may want to take a bit more time to think about it and consider your options.
You’re new to the area, so you are relying on the agent’s information. They’ve said that there are a host of facilities nearby, including good schools and public services. However, you took a drive around the neighborhood before attending the viewing and nothing jumped out at you. In fact, you spotted a high police presence and some buildings with boarded-up windows, indicating that there may be a high crime rate in the area. Before committing to an offer, take a bit of extra time to research the area online and determine whether or not the real estate agent was being truthful.
Maybe you’ve made an offer on a property but are now having second thoughts because of your real estate agent’s actions or negligence. If it’s going to cost you money to get out of the deal or you’re going to suffer other losses because of your agent, make sure you explore your legal options.