No, the title of this article is hardly a mistake, and even St. Louis real estate agents have a tendency to stretch the truth a bit. Of course, this article won’t apply to all agents in the area, but it’s important to arm yourself with information when you’re hunting for an agent. The following lies that we’ve compiled below aren’t just common in the real estate industry, but they can also prove to be harmful when and if you look to sell your home!
Lie #1: You Can Price Your Home However You Want
Regardless of what any agent tells you, know that pricing your home in any market is an exact science. You may be surprised by the sheer number of sellers who overprice their properties simply because their agent has allowed them to. An honest real estate agent will show you neighborhood comps and give you a price range of sold homes to give you an idea as to what a reasonable asking price is. My agent, Heather Tibbetts, gave me a realistic price which helped me sell my house extremely quickly. This alleviates the headache of worrying for a long time if your house is going to sell.
Lie #2: The Agent Has Sold More Properties Than Anyone Else
Many agents try to cut into the saturated industry of real estate by trying to outshine local competitors. Of course, to look like the best bet on the block, they will often make their successes seem better than they are. A new agent may lie and claim to have sold dozens of homes within a year when the reality is that he or she has sold two. Fortunately, this little lie can be fact checked by using the Internet.
Lie #3: The Agent Is The Only One Using The Internet In Your Area
Shocking though true, many agents steps up the lies by claiming that they are the only ones properly utilizing the Internet. This is never true, regardless of how sparsely populated your area is! No agent is going to spend money getting licensed and insured if they don’t have a game plan for selling homes.
Lie #4: The Agent Claims An Open House Will Sell Your Home
Open houses are still the most hotly debated topic of the real estate industry. Some agents will ultimately swear by these events, but the reality is that they rarely are as successful as they’re made out to be. Many St. Louis real estate agents will tell prospective clients that they can help sell their home quicker than anyone else through an open house. Facts and figures don’t lie, and the fact remains that only approximately 5% of homes actually generate interest or are sold at an actual open house.
Are you tired of being constantly lied to by professionals you should be able to trust? Just like doctors, contractors, and even your lawyer, real estate agents have the uncanny ability to sometimes stretch the truth. It’s important to know when an agent is lying and when you need to keep on searching for the right representation as your current choice is less than honest.