Real estate agents make all sorts of promises. Sometimes they make a promise or a guarantee that they shouldn’t make. Here are a few:
- An agent promises an on-time closing. Real estate agents do not have as much control over the process as they might lead you to believe they do. Usually, when a closing is delayed it is because of an issue with the mortgage. The delay could be in underwriting or maybe the appraiser was delayed.
- Promising that a house will appraise for a certain amount. No one should be making such a promise. We do our best to determine the value of real estate but can not correct for a rogue appraiser or an unexpected event that impacts value.
- A guarantee that a house will sell in X days.
- A promise that a property will sell for a certain amount of money.
Those are some of the basics. An experienced agent should be able to come pretty close to the sales price and number of days it takes to sell a house.
It would be easier on all of us if we could know ahead of time exactly how it will all work out but there are just too many variables.
Sometimes we can solve the problem or purpose a solution that all parties can agree on. Problem-solving is a huge part of the job.
