Thursday, April 2, 2009

Don't sign anything - Real estate ethics in question

You may have heard of Neil Jenman's mission to inform and protect consumers from the dangers involved with selling or buying real estate. I thought I knew and observed enough to know that one had to be very careful in dealing with real estate agents. But after having read one of his books, I realised I could never trust them ever again.

I'm not saying they are all money hungry and ethics deficient but they have been endoctrinated in believing what they're preaching and when they start to realise the extent of lack of ethics and fairness of their practice, they either quit or look the other way.

If they don't quit or look the other way, they may try to change the system more or less successfully due to the pressure of the industry controlling them.

Jenman says that the consumers who suffer the worst financial losses are generally the home sellers. They suffer because of:
  • Up front expenses
  • Adverstising
  • Kickbacks from newspaper
  • Auctions
  • Conditioning
  • False and misleading offers
  • Bait prices
  • Open inspections
  • Betrayal of confidence

See details on
Jenman's website

In today's online environment, it has become very easy and inexpensive to market a property that will be viewed by buyers all over the world and sell it without the involvement of the real estate industry. Home sellers have the choice to research and post their property for sale on the web themselves or employ the assistance of ethical professionals who will only charge a little fee for their work in helping them promoting their property.

How to know where to list my property for sale

How to market a property yourself

video
View website for the NZ market

1 comments:

  1. Great tips. It seems like I’ve seen before! By the way, thanks for the information!

    Real Estate For Sale

    ReplyDelete