Why do agents Underquote?
Why do agents Underquote?
Just to make things clear…the practice of underquoting is where agents lure potential purchasers to look at a property (usually for sale by auction) with the suggestion that the property will sell for much less than they believe it will. By law, property advertising must not be misleading or deceptive.
How do you beat an offer on a house?
Here are just a few that can help you beat out the competition:
- Get approved for your mortgage.
- Waive contingencies.
- Increase your earnest money deposit.
- Offer above asking price.
- Include an appraisal gap guarantee.
- Get personal.
- Consider a cash offer alternative.
Should I bypass my real estate agent?
Sellers often feel uncomfortable talking about the terms of an offer, and they may be unwilling to bypass their agent, because they believe that their agent knows more about real estate. If you feel that your agent is incapable of representing you to the extent that you feel a need to bypass them, you should probably hire a different agent.
Can a real estate agent give you advice when buying a house?
They can’t by law give you any advice. When the home inspection happens, and the buyer wants you to fix X, Y, and Z, your agent also will no longer be able to help you with guidance. Throughout the whole transaction, the agent cannot offer you any real estate advice.
Should you allow dual agency when selling your home?
Imagine for a moment that you are selling your home. The real estate agent gets a phone call from the pretty internet advertisement they are running. Mr. & Mrs. Jones want to see your home. If you allow dual agency, the agent YOU hired will no longer be representing your best interests.
What happens when a buyer makes an offer on a house?
When the buyer makes an offer and asks the agent you hired what you should counteroffer, they cannot answer. Remember, they don’t represent you anymore. They can’t by law give you any advice. When the home inspection happens, and the buyer wants you to fix X, Y, and Z, your agent also will no longer be able to help you with guidance.