Buying a house is one of the most exciting events in life and can be seen as a signifier of wealth, security, and accomplishment. However, buying real estate is also something that you should really pay attention to if you want to avoid getting ripped off. The truth of the matter is that there are all kinds of scams out there and if you’re not careful, you could find yourself spending a lot more than you bargained for. This is why it’s so important to be wary of the real estate agents, who are usually looking to make money off of you. Here is a list of some of the worst real estate scams that you can run into when buying a house. You can view here https://www.southernhillshomebuyers.com/we-buy-houses-houston-texas/ to learn more.
The Full-Service Agent
This type of agent is exactly what you think it is, a full service agent. This means that they are going to not only help you find a house but also help you close on it. Sometimes this seems like an awesome idea but in reality it’s just a way for them to get their hands in your wallet. Instead, try to find an agent that has experience but doesn’t necessarily have their fingers in every step of the process. This way you’ll be able to save a lot of money and it will be a lot easier to make sure they’re doing their job correctly. If you do choose to go this route, do as much research on the agent as possible. Find out how long they’ve been in the business, check reviews, and make sure you understand what their role is going to be.
The Distressed Property Agent
This type of agent can be extremely deceptive since these properties are usually priced at or below market value. They will try to get you to believe that the seller is desperate and in need of cash, which might make you think that you’re getting a deal. The truth is that the seller is just using this as a tactic to get buyers in the door. They want you to think that it’s a bargain, but instead it’s going to cost you more than if you were to buy something at market value. Always make sure that your agent isn’t coaching sales like this because they are likely going to be making a commission on the deal.