Trying to sell your house can be stressful, and choosing the appropriate real estate agent is critical to ensuring a successful transaction. However, with so many agents to choose from, it can be challenging to figure out who to trust. A bad real estate agent may not be getting the job done, prioritizing other clients, or not having access to the resources you need. You should be partnered with a professional who gets the job done and who you feel comfortable working with.
To help you determine whether or not it's time for a change, we've compiled a list of signs that your agent may not be the right fit, so you can avoid making a costly mistake. We'll also cover some of the most common red flags. If you're unsure whether your agent fits this description, read on for more information.
Signs of a Bad Real Estate Agent
Lack of communication
Communication is one of the essential characteristics of a competent real estate agent. After all, buying or selling a home is a huge transaction, and a delayed response can be the difference between landing or losing a deal. There can also be a lot of confusing paperwork and jargon involved.
If the agent tends to sugar-coat things and avoid responding to questions or emails, that's a sign that they may not have your best interests in mind. The agent should demonstrate strong listening skills and be willing to answer all your questions promptly and professionally.
They should also update you on your sale or purchase status and promptly return your calls and emails. A poor real estate agent makes it difficult to contact them or appears angry or indifferent when you speak with them.
Does real estate as a side gig
For the best realtor, client relationship, a real estate agent should be dedicated entirely to their work. This implies that they should be available to their clients during regular business hours and capable of devoting their full attention to their work. Unfortunately, many real estate agents take on the job as a side gig, which can often lead to them being less than fully committed to their clients.
A side gig real estate agent is often less responsive to phone calls and emails and may not be as knowledgeable about the market or as up-to-date on the latest listings. In current markets, properties are selling fast, meaning they won't be able to move fast enough to keep up with showings and contract negotiations. As a result, working with a real estate agent that does it as a side job can be a frustrating experience.
They put you under pressure/pushy
A pushy real estate agent or an agent that puts you under pressure is a red flag. A good real estate agent understands that buying or selling a house is a big decision and will give you the time and space you need to make your decision.
Additionally, if they seem motivated by their potential commission rather than your needs and wants, it's one of the signs of a bad real estate agent. They should also be upfront about any fees associated with the transaction so that there are no surprises later.
Unfamiliar with the market
A good real estate agent should have a thorough knowledge of the local market, including past sales, trends, and current listings in the area. They will have their finger on the pulse of the local real estate market, will know what similar homes in your area have sold for, and they'll be able to give you accurate data about the current market conditions. A bad agent can tank the sale of your home and cost you a lot of money in the process.
A good agent knows how to negotiate on your behalf to get you the best possible price for your home. If your agent seems uncomfortable negotiating or keeps accepting low offers from buyers, it's one of the signs of a bad real estate agent.
They should also be knowledgeable about the various terms and conditions that can be incorporated into a contract. If your agent doesn't understand contracts, it could cost you money in the long run.
Lacks marketing skills
Bad real estate agents may not understand the importance of advertising when selling a home and may not invest in enough marketing resources failing to capture buyers' attention.
They should also have a solid, professional website allowing you to look at other homes the agent is selling. In today's competitive market, you need an agent willing and able to go the extra mile to sell your property
What's not a Realtor red flag
Lack of experience
It is well known that a real estate agent with more than five years of experience has a more successful repertoire, but this does not necessarily make inexperienced agents unreliable realtors.
Working with a new-to-the-industry realtor has numerous advantages. They are more likely to be passionate about their profession and will go above and beyond to ensure their clients are satisfied. They will also be up to date on the newest market trends and have access to cutting-edge technology tools.
Furthermore, they are likely to be more flexible in their approach and open to new ideas. So, if you're looking for a realtor, don't rule out those new to the industry - they may be the perfect fit.
Busy/lots of clients
When meeting with potential agents, it's natural to want to find out how busy they are. After all, you want someone who has the time to focus on your needs and help you find the perfect home.
However, it's essential to keep in mind that being busy is not one of the signs of a bad realtor. It may actually be a good sign. An agent in high demand is likely to be experienced and successful, and that's the kind of realtor you want to work with. However, if an agent is so busy that they don't have time to answer your questions or discuss options with you, it is a sign of a bad realtor.
How to Avoid Partnering With a 'Bad' Agent
Check the agent's experience in your area and at your price point
Does the agent have experience in the area you're looking to buy or sell? Do they specialize in your price range and type of property? Working with an agent who knows the area will help you find a great deal and ensure your interests are protected throughout the process.
Conduct an interview
Setting up an in-person or virtual meeting with the agent will allow you to learn more about their experience, communication style, and marketing strategy. Before signing any paperwork, it's critical to ask questions and make sure you're comfortable with the agent.
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