Whether you are looking for a new home or want to sell the one you have right now finding a real estate agent can make things easier for you but only if you find a good one. Despite the fact that the realty market has evolved due to new technologies one still needs an experienced person to represent their interests or negotiate on your behalf for the deal you want. You may have better access to property information now but without a real estate agent to help you understand, evaluate and make use of that info, you could still be at the losing end of the deal.
Having a real estate agent is not only about hiring a qualified person, you must know if this agent will have your best interest at heart and that your their client not the other parties involved. I have heard horror stories from people who thought hiring an agent from a prestigious firm at a high contract rate is a guarantee of getting the right person for the job. At first the agent is all pumped up with strategies and suggestions then as time wore and the deal wore on it begins to cost you. If this sounds too familiar to you, then know that you are not alone.
Picking the right agent to hire is only half the story. It is not rare that a new agent will put their best foot forward at first then suddenly slack off once the contract is signed. This could result to waste of time and resources on your end and even losing a potential buy or sell. So to prevent this from happening or before things get out of hand, here are the signs you need to watch out for in your agent which will tell whether they are doing their job or not.
The 5 types of people you want to avoid in a new real estate agent:
The Invisible Man (or woman)
They’re the agents that will not return your call or literally hard to reach. They’re worse than an agent who is on vacation because at least those who really are notify you or leave an emergency number. They may not be doctors or firemen who are on call 24/7 but they do have a responsibility to get back to you or touch base regularly and if you have questions that need answering. Even worse what about a deadline on a deal or signature and their not available!
See no Evil, Hear no Evil
Your agent definitely knows things you don’t when it comes to the real estate market, but that doesn’t mean you can’t voice out your opinion. You can easily identify this kind of agent because they are the ones who would not ask important questions about you and listen to the answer. They dont understand your needs such as your time frame, your budget and your expectations. Also they never explain why they provide you different options than what you are actually looking for. The right agent will make sure to properly assess your wants and needs and provide suggestions or advise that is open to your questioning.
The Roaring Lion
This type of agent doesn’t need to literally shout to make you feel abused or uncomfortable. These are agents who are too pushy that they will make you feel uncomfortable about your role or even make you feel like everything you say is wrong. Worse, they make you feel like you are working for them instead of them working for you. It will just make everything stressful and difficult and you’ll end up agreeing to something you don’t want in the first place. And wont this just cost you money in the deal?
Inexperienced agents don’t mean they are the ones who have just started doing their job. This can refer to those old timers who no matter how long they are industry still can’t learn the ropes and often rely on others to do their job. Can you really rely on this person for the best advice and to steer you to the best deal? It can help at the beginning if you are careful and do a bit of research while you are trying to finding a real estate agent to hire. You need to allot time to check references or talk to the last 5 people the agent worked with successfully. Were they happy with his/her performance. Also try asking about any additional training they have, how often they update their skills or what real estate association they belong to.
Sometimes the best Real Estate agents come with that super star ego and can be so busy that once again they dont respond to you in a timely manner. They may not be like the invisible man you can’t see but they will let you go through a zillion channels of their assistants before you can even leave them a message. Sure they sold so many millions of property in the past but they need to look after you now like your their most important client in the world or you may as well have the Rookie Forever or the Invisible man. I know personally I have met the superstar and you get the feeling like they are doing you a favor and combine some of the worst elements of all the five types.
So do you need to find a new Real Estate Agent?
Your relationship with your agent is crucial to the success of the transaction. A good real estate agent must provide you with the best options available in the market and also have your intentions at heart. If not, then make sure you start looking for a new real estate agent who is worth your time and money.
Sold your property and loved the Agent? Had a bad experience? Leave us your thoughts and dont forget to share with all your friends who are thinking about finding a real estate agent in the future.
***Photos thanks to Mark Moz of Flickr and Mickyroo of Pixabay***