Just as there are honest, well-respected, and truly committed real estate agents, there are also those who are only after your money and will not really have their heart in helping you secure your dream home or sell your most cherished property. In choosing the right estate agent you will have to look for certain qualities that will help you gauge their trustworthiness. Equally important are the red flags that you need to be wary of to help you steer clear of these unscrupulous estate agents.
Here are five red flags you need to watch out for when you are actively seeking an agent to help you sell your property of buy a dream one for you and your family.
Being an agent is only a part-time endeavour
A truly dedicated property agent devotes all of his time to perfecting his craft and establishing rapport with his clients, both past and present. If he is doing this more on the side of another, totally different full-time job, then it is best to look for other options simply because there are no guarantees that he will serve your best interests. Having an office or high street shop is a good indication of an established professional estate agent.
He clearly has no clue about your neighbourhood
During your initial interview with an agent, it may be wise to ask him what he can say about your neighbourhood. If youre selling your property, he must be able to tell you some of the existing market conditions that may affect the price of your property and these conditions must coincide with what is happening in your neighbourhood. If you are buying a property, then he must be able to convince you why it is best to live in such a neighbourhood.
He doesnt specialise in the type of property you have or are interested in
If you are looking for a home for your elderly parents yet he specialises in the young urban population, do you think the estate agent is in the best position to help you? Will he understand the fundamental requirements of having elderly individuals in the home? And if you are selling your cottage-style house, do you think he will be able to help you if his bread and butter is modern apartments and commercial properties?
He has poor communication skills
Whether selling or buying a home, negotiation is essential. If, during your interview of an agent, you noticed he cannot even convince you of the words that he is mumbling, then how can you expect him to sell your house or seek a property for you to buy? Communication skills is important in buying and selling. Closely related to this is his negotiation skills.
His services show as online paid ads
It is understandable that a real estate agent will have his very own website. But, to pay for advertisements doesnt really mean that he is the best. The only way they can be considered the best is when their clients speak highly of them, freely and unconditionally.
There are other red flags you have to be wary of but these essentially covers the more important ones. With these you are now more empowered to choose the right estate agent for you.