The Real Estate Association believes a significant quantity of tax dollars is misplaced in bogus sellers’ arms. President Anand Goundar says the unlicensed retailers are a prime task for the association.
He says these faux retailers are selling houses on social media:
Most real property marketers have a listing of customers as well as dealers. Hence, it is not unusual for an agent to work on behalf of each party or get some other agent from his actual estate firm to negotiate on behalf of the seller or the consumer.
The trouble with actual estate sellers
While real estate retailers are inside the enterprise of marketing houses, it isn’t uncommon for them to play up their credentials; despite everything, it’s miles a dog devours the canine world, and there’s genuinely no dearth of realtors within the market. While this is ideal, a few individuals into lying blatantly approximately their accomplishments, and frequently, their clients end up paying for their tall claims.
So, make certain that you check all of the claims made by using a capacity estate agent. Do not hesitate to ask for references. If he has no longer cited his enjoyment inside the brochure, make it a factor to invite him approximately it. Also, inquire about different homes that he may additionally have bought, which had been just like the only you want to promote/buy; this would include homes inside the sane place, of the same length and price variety. Finding a great and dependable agent can prevent loads of trouble whilst striking out with the incorrect man can quickly become a nightmare, so take your time while selecting an agent to buy/promote your home.
Born and taken up in Oklahoma City, Kelly is a passionate author and a voracious reader. She has been lucky enough to stay in many nations and cultures because her husband Lawrence works with the American embassy and has to tour. Kelly and Lawrence presently live in India. Kelly volunteers for a nearby non-profit organization to help underprivileged children and works as a contract author the rest of the time.
In Canada, the no money down home did use to exist, but not anymore. Some banks and/or lenders were willing to lend you the 5% down payment so that you don’t have to pay a dime out of your own pockets to purchase a home. However, given the current financial situation with tighter lending restrictions, no banks or lenders can do that in Canada.
The buying home for half price did use to exist as well. At one point, foreclosures in Canada would allow foreclosed homes to be sold at rock bottom prices. The new law, which has been in place for many years now, requires the homes be sold at the highest possible price for foreclosed homes, or else the lenders could be sued. Hence, sometimes foreclosed homes sell higher because Canadians have the misconception that foreclosed homes are an excellent deal causing it to reverse. There have been many people buying foreclosed homes believing they got a good deal and not doing a thorough check as to the actual value of the home. Now, clearing out the quick money maker myths of buying homes, there are still many things you need to be aware of before starting.
If there exists ever an industry with more sneaky sales tactics and money-motivated people, it has got to the Real Estate industry. As a buyer, you could be dishing out $350 000, and everyone wants a piece. Real Estate Agents want a piece. The lenders want a piece. The lawyers want a piece, and the sellers want a piece. No wonder there are so many scams in this industry.