Warning Signs of a Bad Realtor
Did you know that there are more than 2 million real estate agents in the United States alone? Most of them use social media platforms such as Facebook to conduct their business, but in most cases, it can be really difficult to find a good realtor.
But why? What makes a real estate agent bad and how it can affect your property transactions? Well, this is what you’re going to find out in this article! Keep reading to discover the signs of a bad realtor and how to avoid them at all costs.
1. Communication is Not Ideal
Whether you want to buy or sell your house, talking with your real estate agent at length is a crucial aspect. The realtor needs to carefully listen to your plans and try to come up with solutions. A realtor who doesn’t seem to listen is a source of problems, disappointments, and frustration, so avoid him/her at all costs.
It’s also important to discuss distance communication. Does your real estate agent answer your calls? If not, does he or she call back as soon as possible?
Some real estate agents ignore calls during the day and allocate 1-2 hours in the evening to talk with clients. This is better than no communication at all, but not ideal. A good real estate agent answers calls almost immediately because that’s when you need his/her advice the most.
2. Your Realtor Seems to Rush the Transaction
We all know that real estate agents will eventually make a commission from each transaction. However, this doesn’t mean that he or she needs to rush the buying or selling process. If it seems to you that the realtor is trying to rush you into making decisions, talk to someone else. This is usually a sign of desperation that will only lead to frustration for you too.
Ideally, a realtor knows this business well and puts the client as a top priority. Once the client is served properly and taken care of, then he or she can think about the commission.
Do yourself a favor and work with real estate agents who focus on you instead of how much money they can make by working with you. This simple trick will save you a lot of money, time, and effort.
3. The Real Estate Agent Doesn’t Have Enough Practical Experience
In this case, practical experience is different from regular experience. For example, would you work with a realtor who in 5 years closed 15 deals or a realtor who in 15 years closed just 5 deals? If you’re like most people, you would work with the realtor who has more practical experience and finished the most transactions, regardless of the actual time experience.
This doesn’t mean that real estate agents with 15 years of experience or more are to be avoided. You just need to pay attention to more things when selecting one to work with.
A realtor who closed a lot of deals throughout his/her career is probably more focused on satisfying the needs of the customers and has better negotiating skills, so you should work with him/her too.
4. The Realtor Doesn’t Take Your Requests Into Account
What if you want a house with 6 bathrooms but your realtor seems to find houses with only 3? What if you want a house with an already-installed fireplace but your realtor ignores that request altogether? In such cases, you should work with a different real estate professional.
Realtors who don’t take the client’s requests into account are amateurs. They probably don’t search the market enough or again, they seem to rush the transaction. Especially if you have a large budget and you want to buy the house of your dreams, you probably have 15-20 different requests in mind such as a big garage, multiple bathrooms, large patio, green lawn in front of the house, etc. Work only with realtors who tick most of your boxes and avoid those who are careless to your requests.
5. Your Real Estate Specialist Lacks Confidence and Negotiation Skills
The real estate industry doesn’t have time for shy realtors. They will simply not survive in this competitive business. Therefore, make sure that your real estate agent is confident and knows his/her trade well. A good real estate agent is not afraid to talk with multiple property owners or sellers, travel from town to town, and come up with solutions as quickly as possible.
At the same time, professional realtors also have proven negotiating skills. They know how to take care of the buyer and seller alike, making everyone happy. They can also cooperate with other realtors to close profitable deals and make sure that the clients’ needs are served. In other words, if your real estate agent seems hesitant most of the time, avoid him/her.
6. The Realtor Has Bad Marketing Strategies
Marketing is very important when selling a house, regardless of its size or price. A property should be advertised in various listing systems both online and offline. It also needs to be priced correctly to attract more buyers, but also to be profitable for the seller. A bad real estate agent doesn’t know much when it comes to marketing strategies and you can test that.
For example, ask your realtor what are his/her marketing strategies? Can he or she take advantage of home staging services correctly? How is your house going to be advertised and where?
These are good questions to ask. They will help you find out if your real estate agent is a rookie or he/she knows the real estate trade well.
Now You Know The Signs Of a Bad Realtor And How To Avoid Them!
As you can see, the signs of a bad realtor are pretty easy to understand and self-explanatory. It’s important to look out for them especially if you want to sell your house quickly or you want to buy a large mansion. Ideally, you’d want to talk with multiple real estate agents and screen them based on the aforementioned tips.
In the meantime, keep reading our blog articles to learn more about the real estate business, how to find a good realtor, and how to make more money from your house!