The abundance of online real estate information makes it easier than ever when buying or selling a home to be an informed buyer or seller. To give you an idea, when it comes to owning your dream physical property, it’s ideal to trust popular companies such as Caroline Olds Real Estate. Reliable and friendly brokers will always be by your side along the way.
Whether you will buy or sell your property, this guide will help you learn the things a real estate agent shouldn’t be doing:
1. The Agent Recommends the Highest Selling Price for Your House
This is true. Real estate agents get rewarded more if your house sells for more. That being said, they will do their best to get the best price. However, if the selling price is too high, people won’t be enticed because they know it’s too good to be true. In addition, the longer your property is available on the directory or listings, the more potential buyers will think that there’s something wrong with it.
Before you sell your house, get at least three brokers to give presentations, who will tell you for what comparable homes have been selling and how long they take to sell.
All agents are looking at the same information, so it should be similar to the suggested listing price. Pricing a home too big at the start also means selling longer and selling for less at the end of the day.
Agents can even act unscrupulously by giving you an offer from an unrepresented customer and “forgetting” a competitive offer from the agent of a buyer. While an agent may lose his or her license for such an offence, discovering the unreported offer can be difficult, and if they can double their commission, there are agents willing to take the risk.
2. The Agent is Not Up-to-date
Doing real estate as part-time should not be an excuse of a broker. Choose an agent who monitors the market regularly.
When you buy, you want an agent that can jump to new listings and immediately show them to you. If you’re the owner, you want an agent to show prospective buyers your home at all times.
3. The Agent Lacks Knowledge about the Landscape in the Neighborhood
It is especially important to find a neighborhood expert in places where moving a block could raise or lower a home’s value by $100,000. A property agent who works in a community may also have connections with potential buyers.
4. The Agent is Partnering with Inspectors
Domestic review possibilities are portions of the sale contract. Worse case, some agents may work with inspectors who may overlook major issues and raise only a few concerns.
When buying a house, research independently to find a highly rated inspector who can check problems such as termite infestation, mold in the attic, and others.
Investigate your real estate agent carefully to find someone to help you in one of your life’s biggest decisions or transactions. You can always find reliable agents online and through referrals.