DAILY REAL ESTATE NEWS | MONDAY, APRIL 23, 2018 Inventory shortages and pressing affordability issues didn’t suppress home sales activity in March. Total sales of existing homes, including
7 THINGS THAT CAN GO WRONG WHEN YOU HIRE THE WRONG REAL ESTATE AGENT
FACT: Buying a home is the biggest investment you'll likely ever make, and it has all sorts of implications for your personal and financial future. This is why it's so important to work with the right agent. Too many people don't realize just how much can go wrong, if they make a bad hire. There are some very serious problems that can arise, if you accidentally work with the wrong person to buy or sell a home. Here are just a few:
1. Not Listening
A professional real estate agent (or any other professional for that matter) will take the time to listen and understand their client and the client's needs. The wrong one, however, isn't going to listen to what you have to say, and will instead focus on what they want for themselves. This will set the precedent for the rest of the process and could make any real estate transaction a miserable experience. An agent who doesn't take the time to know your wants and needs will cause you stress, confusion and heartache.
2. Bad Advice
If there's one thing you need a competent agent for, it's the counsel they're able to provide. A good agent will serve as your trusted Advisor, guiding you through the myriad of decisions you'll make when buying or selling a home. A bad agent, however, will either give you advice that's not based on any experience or research, or is just plain self-serving. This can cost you financially or prevent you from accomplishing your goals altogether.
3. Failed Negotiations
Lots of people consider themselves good negotiators, but very few actually are. While negotiating might be just one part of real estate, it's an extremely important one. You need someone on your side who's working for your best interests in a competent and effective way. A bad agent will either negotiate in such a way that attainable deals fall through or, will simply negotiate in their own best-interests rather than the interest of their clients (you).
4. Lack of Responsiveness
This may or may not be one of your pet-peeves, but unresponsiveness in something as complex as a real estate transaction can be an absolute nightmare for the person whose money, home, and future are on the line. A great agent is available most any time you need them (within reason). Even better, hiring an agent that has a full-staff support team behind them ensures that timelines are met, questions and concerns are addressed immediately, and all details are managed thoroughly. The wrong one, however, will let your calls, messages, and emails go unanswered, while you worry yourself sick about what's happening (or not happening).
5. Missed Opportunities
Real estate is a business that moves quickly, especially when the market is HOT! Even when there's high demand, there are still opportunities for buyers, and a good agent will know how to spot them and take advantage quickly. The wrong agent will miss good opportunities because they're unable to recognize them, move too slow, or just generally not be aware of the importance.
6. Legal Pitfalls
Real estate is complex by nature, and legal questions arise on a frequent basis. Thankfully, good agents have the knowledge and resourcefulness to help you navigate them and can find solutions even if they're not immediately apparent. Hiring the wrong agent will mean that when inevitable problems creep up during the transaction, they'll either give you the wrong advice on what to do, or will simply not have the answers.
7. The Process Won't be Enjoyable
There's no rule that says a real estate transaction has to unpleasant. Yes, it's a lengthy process that has lots of implications, but if you take a step back and think about it, buying or selling a home is usually a positive thing—whether it's an upgrade, a money-saving downgrade, or a general lifestyle change. You should work with someone who can at least make it a pleasant experience and that's the thing about hiring the wrong agent...they are all but guaranteed to make the process one that you won't enjoy.
So, make sure and choose your next real estate agent wisely; your happiness—and the height of your high five when it's over—will likely depend on it!
GroupWatson is a full-service real estate team with over 45+ years of combined experience. Our professionalism, expertise, and countless successful closed transactions guarantee that we truly are the smart, strategic hire for those wanting to sell or purchase real estate. Call us today to schedule a "Needs Analysis", if thinking of purchasing a home or visit our website to request a personalized home valuation.
WE ARE THE BEST HIRE FOR ALL YOUR REAL ESTATE NEEDS!
Scott and Tammy Watson are the Owners and Team Leads for GroupWatson, Keller Williams. With 47 years of combined real estate experience, a "Client First Philosophy" is exemplified by providing excepti....