The Most Popular Property Selling Tricks Used By Realty Agents

RESThere is always the requirement of a lender for approving the sale of a real estate for less than the mortgage balance of the borrower. Investors or lenders don’t stand in line to short-sell the real estate and before approving the short sale, they exhaust other substitutes that cause the short sale discussions to end in long and fruitless discussions. When it comes to sell the property, the realty agents often use the tricks of the trade for speeding up a short sale transaction. However, these tricks are not always legal or honest.

If the investors are weighted down with the bids or offers, they are less willing to short sale. The realty agents for short sale buyers avoid extended discussions by agreeing with an exclusivity deal with the seller’s property agent. Here, in this way the buyer’s offer is the only one that is vacant to the investor. And the agreement is cancelled in case if the investor doesn’t accept the offer or reject it.

Avoid Time Wasters

To avoid wasting the time, the realty agents before making an offer check out the status of the short sale. Investor doesn’t hurry to sell out the property less than they are preserved. There are few chances of closing the sale, when the property owner fails to meet the investor’s requirements such as income proof, a hardship letter, and a virtual market analysis to supports the seller’s selling price. The seller with an improbable selling price reveals the signs to season the realty agents of short sales to avoid.

Price below the market value

This is one of the most common tricks of the real estate agents, which help them to attract the buyers. Investors keep looking for the property at low prices and the real estate agents with this trick immensely attract them.

Straw Buyers

Sometimes the dishonest realty agents make an offer considerably below the course in real estatemarket worth by pretending to represent a fictitious buyer. And when the property is sold, just after that they resell the real estate property at its real value to get the profit.

Moreover, the realty agents are required to undergo the specific program such as RES, a famous course in real estate, to take the entry in the Real Estate industry. Here, RES course let them to learn the best tact to sell the properties.

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