The Real Problem with Real Estate Agents

Real Estate Agents – the issue

For many years it’s been every home movers nightmare, not just the moving and the hassle of packing up home, not just the outrageous taxes, stamp duties and other moving costs. The thought of paying estate agents fees for whats often known as “money for old rope”. Well the government has now told them to clean up their act. Though this was raised in June 2004 and still nothing has been enforced.

The tricks real estate agents use
England house purchasing process needs to be undergoing some dramatics changes. Estate agents are asking buyers for up to 1000 backhanders to enable them to have the properties they want ahead of the crowd. This is a total misuse of position and yet has gone on for years. The money lines the estate agents pocket and is never seen coming off the house price or future fees.

Outrageous Fees
While a % is used as an estate agents fee, the work involved in sales doesnt reflect the payment. You could market most properties for a few hundred pounds, yet the average payment is between 3000 – 5000.

Undervaluing
To get a quick...