(NOTE: This blog on my web site contains links to all the statistics and articles I quote. Go to http://www.CallYourNeighbor.com and click on the link to my blogs.)
Good question. Some people might say, “Their lips are moving,” but I think the American Bar Association could hold the copyright on that punch line. Since first writing this blog, I have added to it several times. Suffice it to say no one will ever write a definitive treatise on this subject. Nonetheless, what follows should be helpful, and at least cover some of the biggest whoppers told.
If you are selling your house, and someone who is trying to get the listing is telling you that you can get your dream price, there is a pretty good chance you need to beware. Never choose a REALTOR® to list your house based on the price they promise you they can get unless they will put in writing an offer to buy your house themselves for that price in sixty days. Then jump on it!
So one quick trick anytime you wonder if they are telling the truth is to ask, "Will you put that in writing?" If they say, "Sure," call their bluff and hand them a piece of paper and a pen. While you're at it, look over everything I've already put in writing (my FAQs, blogs, Testimonials, etc. . . .).
Ask for, and check, references. By the way, here are mine: Testimonials If you really want to check references, call the local Board of REALTORS® and ask what committees is this person on currently or in the recent past. Typically organizations will put their most trusted and respected people on their finance committees (where I’ve served the last three years) and ethics or professional standards committees (where I’m in my fifth year of service).
If someone tells you there aren't any real problems to worry about with a First Right of Refusal Contract, a Contingent upon something else closing Contract, or a Lease Purchase, run. See my blog here on "Contracts to Avoid."
One thing I tell my Buyers is that if I lie to them, I will have to face them at the Home Owners’ Association Meeting, at the swimming pool, the annual Bar-B-Que, . . .. If I lie to them, they get to call me down in front of my neighbors, and ruin my business.
Thank you, and Good Luck!