The Real Estate Helpers News
WARNING to Home Owners [VIDEO]
This four minute video exposes the ugly truth about real estate advertising, the agents involved, and a warning about the authorities real estate agents want you to sign to allow them to sell your home. Agents can now claim rights over the title of your property …
Here’s what happens
1. A real estate agent lies about the selling price of your property.
2. You choose the agent based on the price they told you.
3. Then, you agree to pay the real estate agent (thousands of dollars!) for real estate advertising.
One home seller wept as she told us about the agent they hired to sell their home. He told them $600,000 was “easily achievable”. But their property passed in for $510,000 at auction. This a common complaint about real estate agents.
… if the agent had told us the truth we would never of put our property on the market …
Unfortunately this is a typical example of how home sellers pay for agents lies. In this case the advertising bill was $6,000.
Discover how real estate agents can place a caveat on your property
Imagine you sign with an agent after they tell you your property is going to sell for $900,000. “No problem” says the real estate agent “We’ll definitely get that price. But in order to achieve that result we need $10,000 dollars in advertising”.
Your real estate agent is certain the price they told you is achievable, so you go for it. Fast forward three months. Your property hasn’t sold. Now your agent tells you your house is now going to sell for a lot less than what he told you at the start. Understandably, you’re not happy. Because now you realise they lied to you from the start.
Now you want to change agents, but can’t without first paying the huge advertising bill. We call this process ‘handcuffing’ – home sellers are effectively handcuffed to and agent they don’t trust and don’t like.
How to remove a caveat
Click here for free online guides to lodging and withdrawing caveats in person are available.
How to monitor activity on a title
Did you know you can monitor the activity on a title? To keep track of activity on a land title you can subscribe to the Property Transaction Alert Service. Subscribe and you get email alerts of any activity on the title you are interested in. You can opt to subscribe for three, six or 12 months.
You can also use the Property Transactions Alert Service to verify a title’s authenticity, check activity on a land title or track progress on a registered or unregistered plan you can subscribe to a range of reports.