Selling your home is a significant life event, and the last thing you want is to be misled by the unscrupulous practices of a minority of estate agents.
So, here are some dodgy practices to look out for.
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Some agents might tempt you with inflated property valuations. The risk? Your home languishes on the market, and youโre later pressured into dropping the price. Always seek a second opinion.
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Invented viewings and offers are unethical and misleading, and could deter genuine buyers. Always ask for documented feedback and evidence of offers.
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Be wary of long, restrictive contracts. They can tie you to an agent who isnโt acting in your best interests. Before signing, be clear about your cancellation rights and any withdrawal penalties.
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Some shady agents have arrangements with โpreferred investorsโ, which can mean you donโt get the best price for your home. Insist your property is widely marketed to ensure competitive offers.
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