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End up An Honest Estate Agent
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Publish-date-icon August 9, 2012
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Finding yourself a genuine and acclaimed estate agent shouldn't be a hard task providing you know where you can look and research into your potential agents properly.

Nowadays, nearly all reputable agents are members of the Ombudsman for Estate Agents scheme and agents who fail to join are breaking the law and may be fined or banned from operating. The main reason built arrived to place was due to all of the sneaky manoeuvres agents were performing to create more income. Some of these include:

Overvaluing properties to secure business from those wanting to sell their properties

Valuing a property for less money therefore the agent may then market it to a friend or colleague for any bargain price

Using scare tactics - for example, pretending someone makes a deal to force other potential customers into making a deal too

Gazumping: when a deal continues to be agreed however the agents will let other potential customers view the property in the hope a greater bidder


Neglecting to pass through on offers to managers with the hope another buyer will come plus a higher bid

Showing potential customers On the market or Sold signs at houses the agent actually had absolutely nothing to use

Supplying their customers with fake documents to assist them to secure a mortgage.

These are merely some of the tricks agents used to try to either trick their customers into making themselves more income. But luckily the Ombudsman scheme is in place to help give estate agents a much better name. You need to remember the bad estate agents are giving the reputable and talented ones a poor name. A good agent can make your lifetime a lot easier when selling your property, or maybe you are planning on purchasing a property - they've the data from the property market, which many people don't have - and may show you to make the best choices when purchasing or selling a house.

Make sure you properly research agents prior to you making a decision, the best way is to use the search engines to find local agents in your area, for instance, Manchester estate agents - from here, read testimonials and consider your experience. It's also wise to research by person to person - think about properties that have sold quickly in your town and find out which auctions they used. It's best to locate an agent that has sold properties similar to yours because it shows they're going to have the best skills and techniques to sell your personal property.

Be sure to get valuations from a few agents to help you decipher the best valuation for your household, you could also try an online home valuation just to compare. Prior to signing an agreement with the agent, be sure you read it through thoroughly and get of any points that seem vague or else you are unclear about. Make sure you know the length of the time you will be contracting your estate agent - you want ample time to sell your property however, you don't want to permit them too much time (because they shouldn't need it!).

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