Most homeowners looking to sell their home choose to use a real estate agent. However, realtors will usually put their interests before yours, which is why many of them might try to convince you they’re the right choice and, in the long run, make you lose money. Let’s review some of the sneaky things realtors do.
1. They Ask You to Invest More in Your Home
It’s normal for real estate agents to ask you to invest money in your home, supposedly to sell it for a higher price. For example, they might ask you to change the countertops to marble or the floor to wood, change the bathroom tiles, paint the walls, and more.
The reality is that most of the time, homeowners are unable to recover what they invested in renovations, so spending too much money on these changes is not advised.
2. They Bring or Recommend Their Contractors
Realtors usually have contractors they regularly work with, so they will recommend these for repairs and renovations. In some cases, the contractor might not be the most affordable or highest quality contractor available, so be wary of hiring these contractors.
3. They Don’t Care About Securing The Best Price
Although some realtors will overprice your home, they don’t care about securing the best price. They are trained to convince homeowners to accept lower offers than they deserve—all to try to sell fast as possible and get you off the register quickly.
4. They Hire Home Viewers
Many real estate agents hire home viewers to come to your house and pretend to be interested in your home. Realtors use these home viewers to convince homeowners that they’re doing an excellent job.
5. Contracts With Hidden Fees
Some realtors will have hidden fees in the contract, such as hidden administrative fees in addition to their commissions. They will also make you pay for closing costs, financing contingency, and appraisal.
Save Your Money & Sell on Your Own
You can bypass many of the expenses of working with a realtor if you choose to sell your home on your own. You can also sell it to a home investor like Captain Save a Home. We have enough equity to purchase your home regardless of the condition. We don’t require repairs, renovations, and cleaning, and there are no hidden fees.