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Red Flags You Should Look Out For When Choosing A Realtor

The internet has made it easy to look for just about anything. You can look for realtors in your locality if you’re thinking about selling your home or commercial property like on these real estate listing websites. Choosing the right agent will make it easy to sell your existing house or buy your dream home. There are high stakes involved in selling a house and that is why choosing the right real estate agent is important. If you’re looking for house buyers, you can always reach out to a reputable company like Houston Capital Home Buyers.

Ask how the agent intends to market your home and how long will it take on the market before it gets a buyer. Here are some red flags you should look out for when looking for a real estate agent to sell your home.

The Agent Suggests Selling At The Highest Price

One of the main reasons why homes stay in the market for a long time is because of high and unrealistic prices. The price is usually determined by the homeowners with consulting with real estate agents. A real estate that suggests the highest price for your home doesn’t have your best interest at heart. An experienced agent has access to current market prices and should be able to come up with the right estimate after analyzing your home. Buyers are not likely to look twice at a home that is too high for the market. People will think there is something wrong with your property if it takes too long on the market.

Part Time Agent

You might be tempted to work with a part-time agent as the rates will be attractive. This could disastrous as they don’t have the necessary experience that is needed to help sell real estate in the shortest time possible. If you’re selling, it is important that the real estate agent is always available to show the property to potential buyers. This might not be possible if the agent is only doing it part-time as he or she will not be available when called upon.

Choosing A Relative As An Agent

This could be a costly mistake as the professional relationship could be hard to establish. They’re not likely to work as efficiently as they should because they know you’re are a relative and you might not be as demanding as a regular client. Steer off relatives when looking for a real estate agent to sell your home.

Agent Is Not Aware Of The Local Real Estate Landscape

It is always recommended to work with a real estate agent from your locality or city. The knowledge of the local real estate scene is crucial because it helps in coming up with the prices. The agent will be in a position to know potential buyers who are looking for a home. This makes things easier for you should you decide to put your house on the market.

Agent Charges A Lower Commission

You should be worried if an agent charges a lower commission than the recommended market rate. They do so in order to lure you to work with them. There could be hidden fees that you will be made aware of once the sale of the house has gone through. Most agents will charge a commission of between 5 to 7 %. Anything lower than that should be a cause of concern. You can always negotiate lower rates but you should be wary of someone who charges extremely low commissions.

The Agent Doesn’t Have References

An experienced real estate agent should be able to provide references for the clients he or she has worked with in the past. This is the only effective way of gauging the experience of the agent. An agent that is cagey about providing information about references usually has something to hide. Make sure to randomly contact the references if you doubt the agent’s credibility and experience.

Agent Doesn’t Handle Your Type Of Property

There are agents who will accept any kind of work for the sake of money. The agent could be specialized in selling commercial properties but will still try to convince you that they can handle a home. Ask the real estate agent about their specialization before you decide to work them. There is always an agent who specializes in buying homes and will be in a better position to help you. The agent is responsible for the closing of the sale and will be with you throughout the whole process.

Written by Nathaniel Fried

Co-founder of Fupping. Busy churning out content and building an empire.

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