Clients often encounter a range of problems when dealing with traditional property dealers. These issues can affect the buying, selling, or renting experience and can lead to frustration, financial losses, or legal complications. Here are the most common problems:
1. Lack of Transparency
- Property details may be hidden or misrepresented (e.g., ownership, legal disputes, actual size).
- Commissions and fees are often not disclosed upfront.
- Inflated prices or hidden charges.
2. High Commission Rates
- Traditional dealers may charge high or inconsistent commissions.
- Some may demand payment even if the deal falls through.
3. Limited Listings & Reach
- Traditional dealers typically rely on personal networks or offline listings.
- Buyers and sellers might miss better opportunities available through broader platforms.
4. Biased Dealings
- Dealers may prioritize the party offering a higher commission.
- They might push properties where they get higher incentives, not what’s best for the client.
5. Delayed Transactions
- Poor coordination and communication can cause delays in property visits, negotiations, and paperwork.
- A lack of digital processes prolongs the overall experience.
6. Legal and Documentation Issues
- Incomplete or improperly handled paperwork.
- Lack of knowledge or misguidance around title verification, registration, or taxes.
7. Unprofessional Behavior
- Some agents may be unresponsive, disorganized, or aggressive in pushing deals.
- Appointments may be missed or rescheduled last minute.
8. Scams and Fraud
- Fake listings, forged documents, or undisclosed legal disputes.
- Unscrupulous agents may take advance payments and disappear.
9. Conflict of Interest
- Agents may not be loyal to any party, acting in self-interest to close a deal quickly.
10. Lack of Market Knowledge
- Some traditional dealers lack up-to-date market knowledge, leading to poor advice.
- Incorrect property valuation due to outdated information.
For solutions click on https://www.chottian.com/chottian-solutions-for-issues-dealing-with-local-property-dealers/
