Four games most real estate agents play
It has been years when I left my home town for pursuing my dreams and chasing and hunting them. It took me years of focused and dedicated hard work from there to here where I am now. In these years, I changed my residence according to my study and practice.
While doing this, I came up with some valuable lessons and learned to adapt according to the situation. Some crucial tips helped me choose my current residence with cost-effectivity and the city center where I can move elsewhere quickly and conveniently.
However, it sucked my soul at times while searching and dealing with real estate agencies and agents. I meet dozens of estates agents, agencies and landlords, and landladies.
I have learned in this time that I will share with you so that you can avoid many psychological, financial, and health-related hurdles in choosing your best residence from agents or agencies that I faced.
I was on my own, and I didn’t know that any advice is available out there for me. However, it is possible for you, take full advantage of this opportunity.
Here we go;
There is scarcity
One of the most popular games is creating a lack, which ultimately helps them take a higher commission from you.
When they create a scarcity mentality, your responsibility is to think abundantly, make this clear to yourself first, and then the agent that there are many houses for rent and sale; they are not aware of, stand up, and go another one then another one.
Knock at every door you see someone will have that house you are looking for; it took me five hours to search for my first house on rent in a metropolitan city. You are more likely to find it in less time and effort.
They will try
This game starts with a future lope; they stick you in the corner hanging, my friend for search, and decide for yourself they are not free to try for you. You will always be disappointed if you start waiting for them.
When I was changing my third house, I approached dozens of real estate agents, and only one called me back after weeks when I already have been living in my fourth house.
And he offered me a sale on a house which would earn him thousands of dollars commission while I was only wanted to rent an apartment for short term residence while completing my professional course.
Prices are high
This is another one but “believe me,” as President Trump says, the price is never high in real estate. I have a keen interest in this field since 2014; I have seen a price decrease rather than an increase.
So the rule of thumb is just another trick; the price hike is only a miracle, and it doesn’t always happen. So, before going anywhere else, first, see your local government real estate prices; if you didn’t research my friend and didn’t ask, the market value of a property agent will eat you alive.
You don’t believe let’s have an example, I bought a shop for my brother some years ago, and I ended up paying an agent 30% more commission and money to the shop owner.
Because I didn’t research the market value of that shop, when I came to know the shop’s market value, it broke my heart, but it was a great lesson that helped me.
Now it’s up to you to decide; are you ready to research or want to be looted like me?
This is one of the worst game agents play, they call it professional fees, but it is the cruelest practice they have in their tool kit. They take from you their commission and have no concern whether you are comfortable with the landlord/lady.
Either they provide you with the agreed-upon services, or you have to sort out all things on your own. When you go back to the agent, they will offer you another house to earn their next commission from you.
Never give them upfront commission until and unless you are satisfied with the agreement, and they take full responsibility for any conflict resolution between you and the other party. By doing so, you secure your money and yourself from the psychological burden and legal issues.
What to do
When you are searching for, your house remembers to do these things.
Yes, confidence is your source of motivation in every aspect of your life. Confidence is simply the knowledge that you can do it with all odds in the way; when you believe that you can do it. You do whatever you want to do.
Ready to go
Remember that you are the customer, and you have power over any process of business. If you see anything wrong in the process, stay safe, and pull yourself back from the battle, no one has ever won.
Finally, choose yourself and look into the pros and cons of the deal; don’t be afraid to ask for help from concerned authorities if you think that something is wrong with the process.
Be patient and never engage in fights or other impulsive activities. It is just a deal, not a life or death thing.
If you make a bad deal, you will learn a good lesson for life, and I make a good deal, you will be more confident in your ability to decide for yourself. Want to know more about your decision making process read this post.
From creating scarcity mentality to, they will try to find you a house, from price hikes to upfront commissions they play these games, not for fun but for a reason you should understand and do the same to succeed
I hope it will help you in your quest for the perfect house.
What do you think? Let me know in the comments below…