(10) You Need Lawyer To Review Your Contract
It is one of the most dirty secrets your real estate broker will never tell you. Residential & commercial property agents often make attractive verbal promises to buyers & sellers of a house to close a deal quickly. But, these agents will ask buyers & seller both to sign a contract before closing a deal.
This contract usually includes a provision known as “Disclaimer of Promises” according to which buyer is not relying on any verbal promises of seller or real estate agent.
Now, as the house selling deal was initiated mainly on the basis of verbal promises, this disclaimer is just to fool an investor.
You should not forget to hire a reputed lawyer or attorney to review your contract before signing it as well as to get everything written to the contract to protect your interest. A buyer’s broker can also play a significant role to protect your interest in closing a best home deal.
[Read Also: 15 Big Mistakes That Make House Flipping A Flop]
(11) Brokers Asking You To Drop Your Price
It is one of the biggest dirty secrets your real estate broker will never tell you. A layman might think of fewer property transactions at higher valuations would be better then more property transactions at lower valuations.
But opposite is true, residential property brokers always prefer to volume to price when selling a home.
Several property brokers may seriously looking for higher value transactions for a given house. But, it is not always in their interest to wait for a long period of time just for closing best housing deals.
Brokers often try to attract potential sellers by promising for maximum gains on selling their property. But, once signing of contract completes they will try their best to convince you to drop your price on the basis of construction defects for a quicker house sale.
You should be ready to hire an independent real estate appraiser or property valuer to calculate your home price.
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