Ask to see a copy of closed sales printed from MLS if you want to be on the safe side. An overpriced home will struggle to sell, even in a sellers market, because today’s home buyers are very savvy. Estate agents work for the seller, not the buyer. where a solicitor cannot continue representing someone if they accept another offer having already agreed one, which makes gazumping a lot rarer. Did you know you can actually negotiate the commission fees? A good will agreement is slightly different. If you need to move house within a particular time frame, renting out your home, rather than selling, might be a tempting option. And if you need to move particularly quickly we can buy your home, Once a seller accepts an offer the buyer will often ask for the home to be taken off the market. An estate agent is unlikely to go to prison if they make up offers on a house, but it does go against the codes of conduct that most legitimate agents choose to follow. Before those new real estate agents jump down my throat with sayings such as, “Every agent is new at some point” or “Every agent starts from zero,” I get the fact that new agents don’t have a ton of experience. Yes, it’s very possible, but it’s almost a guarantee if an agent lies about their experience that they will be fired if it’s found that they are new and not a seasoned agent like they say they are. ### What is gazumping? Perhaps the lower offer has come from someone not in a chain and less likely to face delays. You might also ask for references. Yes they can lie about stuff like that. Real Estate Agents Lying About Their Production Is One Of The Top 10 Lies Real Estate Agents Tell Home Sellers. Your decision will need to take into account issues such as your personal circumstances and how much finance you can raise if you need to have a mortgage to buy the property. More often than you’d like to think, estate agents use the properties they’re selling for their own personal use. The reality is that there are some real estate agents out there who say anything to home sellers in order to get a listing or make a sale, even if it means lying. This means that the agent is representing both the buyer and seller and essentially playing both sides. Some real estate agents will lie to home sellers and tell them they are using the internet to sell homes and other agents are not. Thinking of moving home? This is a crazy thought because there are so many ways a seller can find out about a real estate agents sales. Take claims about buyers they have ready and waiting with a pinch of salt. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. If it is purely an agreement that one side can have say 21 days to exchange then that can simply be added to the estate agents particulars and takes no extra time or costs. Estate agents shouldn’t accept an offer without confirmation that the prospective buyer has their finances in place. Don't believe it. You’ve found the perfect home. [Related story: What will happen to house prices in 2016?]. Once you choose an agent to represent you, be sure to read the contract thoroughly before signing it as there may be hidden administrative fees in addition to the chunk they take for commission. There are still many real estate agents who do not have their own website, which is absolutely astounding to me since over 90% of home buyers are shopping online for homes. Here are 22 things they generally won't mention that you should know about. Your agent probably is working with several people who are looking to buy a home—or someone with their agency is. Only bid what you intend to pay and not what the estate agents want. MailOnline Property expert Myra Butterworth says: Ultimately, a property is worth what you're willing to pay for it.