Choosing the right realtor and listing agent is the key to buy or sell a house for the right price. Try to avoid the following mistakes if you don’t want to end up getting scammed.
Inexperienced Real Estate Agent
The quality that matters the most in any real estate agent is their experience. Greater the experience is, better their work quality would be. Hiring an inexperienced estate agent is like throwing your money in waste. If the agent won’t have much experience in selling or buying a house at reasonable and worthy prices, how would they show you the offers that would fulfill all your requirements? There are many realtors out there who are scammers and fool their clients. Make sure you only go for the realtors who actually are renowned having great experience.
Just think about it once that how would a part-time real estate agent be available if help is needed anytime in the day? Part-time realtors also aren’t much experienced and professional in this work because they lack proper and deep knowledge about the profession. So, in order to avoid this mistake and causing yourself so much trouble in house buying or selling, do ask the agent if they do their job full-time or part-time.
Hiring Your Friend/Relative Who Is a Realtor
Well, it does sound convenient and helpful if you have a friend or a relative who is a real estate agent but, there could be certain situations where you would not agree to their dialogue but won’t be able to say it because you will find it awkward. If you think that going for the one who you are related to or friends with would provide you with some perks then you are certainly wrong. When it comes to business, everyone sticks to the rules pretty strictly to get maximum profit. Furthermore, if they fail to negotiate well with the party who are interested to buy or sell a house to you, they would lack the courage to tell you the truth.
The Realtor Doesn’t Have a License
According to the laws, license is mandatory that every estate agent should have. So, it is an extremely important thing to check while hiring a real estate agent that whether they have a license issued or not. If they fail to show you the license or make excuses for it, make your way out of their office straight away. There are way too many unlicensed realtors who trick their clients which ultimately ends up in making the client suffer.
Estate Agent Lacks Negotiation Skills
The foremost quality that an estate agent should have is outstanding negotiation skills to get the best offer for you. It is an important quality because realtors and listing agents who are good at negotiating can get you some extra dollars on the total price that you have offered for your house. Similarly, while buying a house, they can help you in saving some more dollars than you expected.
Not Asking For Reviews and References
An experienced real estate agent must have a long list of previous clients along with their reviews. To get an idea of their work and professionalism, ask your agent to either tell you a link from where you can check the reviews for their work or give you some references of their previous clients who you can talk about them. If the company doesn’t have much references to give or they don’t have any reviews yet, think twice about working with them as it could be a warning bell of them not being an expert in this work.
Hiring the First Agent You Visit
Not doing proper research and simply hiring the very first realtor you visited is something that you should NEVER do. You should visit several different renowned real estate agencies, get their offers, know how much commission they are demanding and check their track record and experience. After gathering all the necessary information, compare all the real estate agents and pick the one you think would be the most suitable.
Don’t be desperate and do good research for skilled and experienced realtors if you want to sell or buy a house.