Warning Signs of a Bad Real Estate Agent
Your relationship with your real estate agent can make or break your real estate transaction. It is a longlasting, intimate, and trusting relationship between two individuals.
That’s why when you look for a real estate agent, you need to be incredibly careful. A real estate agent can get you the best deal of your life or botch a possibly successful transaction in the worst way possible.
Nowadays, It is as easy to become a realtor as it is to find one. A lot of people offer their services as a real estate agent for a significantly lower price than those who have been trained in the art of real estate. Customers can get dazzled by cleverly-crafted listing presentations.
Some real estate agents may be sovereign contractors who are paid commissions according to the number of homes they sell. The commission received from the sales is normally split between the listing and selling agent.
Whatever the case, there are some warning signs you need to look out for which may indicate that if you fail break ties with your realtor, you might incur a high-level loss.
Warning Sign #1: They Don’t Listen
Being heard is very important to everyone, but it holds a greater level of importance when you are about to invest a big amount of time and money into a new home, or when you are planning to sell off a home for a profit.
When you hire a realtor, you want someone who asks a lot of questions about your preferences and where you stand. So if your real estate agent offers to show you places you’ve made clear you’re not interested in, it might be time to let them go.
Warning Sign #2: They Don’t Have the Experience
Real estate is a tricky industry that has a lot of rules set in place. You need someone who is competitive and knowledgeable enough to be able to tell you about all the intricacies and loopholes you have to consider. They need enough market knowledge so you won’t be fooled by potentially fraudulent activities.
Warning Sign #3: They Aren’t Strong Communicators
The real estate market experiences violent, unprecedented shifts. You need someone who responds and gets into action fairly quickly. There is never a guarantee that a person or home will be available to complete a transaction. If your realtor goes off the radar and disappears for short while, long enough to lose an opportunity, you should probably find someone new.
Rather than being troubled by these hypothetical situations, be proactive and ask family and friends for help. The real estate agents they recommend will be tried and tested, and thus trustworthy.