Most prospective house hunters or sellers think they have a “good” agent. They either have agents who they have already acquainted with or perhaps a referral from a friend or a co-worker. One of the big reasons for having confidence in their agent is a belief that the agent is “on their side” and “honest” etc. However, in today’s competing world, there are a lot of agents who are desperate enough to lure you into some scams and will pose as your enemy behind your back. Well, we are not generalizing this of course as we, the Peterson Group Bespoke Condominium and Residences also has a group of real estate agents who work earnestly to provide the best homes for expatriates in Singapore, Kuala Lumpur, Malaysia, Jakarta, Indonesia and Hong Kong. However, there are recent news and reports which involves scheme that are led by agents. To show our concern, TPG has readily listed some of the reasons why you should be cautious of choosing your agent:
1. Agents are Affable… at first
When a house buyer expresses his intent to purchase a house, it puts the agent on the intent of helping out. In this phase of the transaction, the willingness to provide the home for you is genuine. The agent has a lot of experiences in the inside and out of the industry and he will immediately try to get over the process with you sooner rather than later.
2. Then they start to rub it in
Agents realize the importance of time that you are spending on house hunting as well as the time they are spending with you. It stretches out the time they are to get a commission and while time is being spent; their earnings are also eventually slowly starts to dim but you won’t be hearing any complaints from them. This is the time when the agent will start trying to convince the buyer to lower their standards and raise their prices. Sometimes this is educational if the buyer has unrealistic expectation, but mainly this is to speed up the process so the agent can get paid.
3. And will Suggest Endlessly
Most first time buyers depend on their agent’s decision not thinking that they may be at a disadvantage. Experts advise buyers not to listen to a word your agent has to say. Instead, you have to review your own options and decide through your own intuitions.