Buying or selling a home is one of the biggest, if not THE biggest financial transaction you will ever make. So, being aware of the signs of a bad real estate agent is an essential part of ensuring the process goes smoothly.
The 6 Signs of a Bad Real Estate Agent
There truly are some terrible agents out there. Here's how to spot the worst ones:
Is Your Agent Bad at Communicating?
You shouldn't have to hound your agent for information or answers. If he isn't proactively communicating with you about each showing, offer, or assessment, it might be time to find a new agent.
Another sign of an agent with bad communication skills is his length of response time. If you reach out to your agent with a question or concern during working hours, a great agent would get back to you within the hour, a good agent before the end of the working day, and a terrible agent would reply whenever he feels like it.
Does It Seem Like Your Agent is not working for YOU?
You've specifically mentioned that you want to live in the Northern Suburbs, away from the main road, and in a one-story house. Even so, your agent keeps showing you two-story listings near the South Freeway.
One of the surefire signs of a bad real estate agent is someone who doesn't listen to his client's wants, needs, and concerns and take them into account throughout the process.
Does Your Agent Make You Feel Uneasy?
An agreeable personality is a very important factor when picking a real estate agent. If your Realtor seems too aggressive, makes you feel unheard, or pressured into making a financial decision that you don't feel ready for, then it is likely time to start looking for new representation.
When buying a home, be wary of any agent that seems to be strong-arming you into putting in an offer on a specific property that you're not interested in. If you are selling your home, a sign of a bad agent would be someone who aggressively encourages you to accept an offer on your property that seems almost laughably low.
Finally, one of the easiest ways to feel uneasy around a bad real estate agent would be if he uses sales tactics that seem unethical to you. If this happens, find new representation immediately.
Is Your Agent Bad at Marketing?
This is something to look out for when you are trying to sell a property.
You're not going to get any offers on your home if no one even knows that it is for sale in the first place. You'll know you are working with a bad Realtor if he doesn't seem to be able to market your home effectively.
Does he have connections in the local market to stimulate interest in your property? Are the photos he took of your home well-lit and high resolution? Has he submitted the listing to Multiple Listing Services?
These days, it's important for effective agents to have a strong online presence and a grasp of online marketing. Even “old school” agents who have been in the game for decades should, at the very minimum, have a well-designed website and two to three active social media channels for promoting properties.
If there are no bites on your property, it could be that you are working with a Realtor who is just not putting in the effort.
Does Your Agent Display a Lack of Knowledge?
One of the best ways to know that you are working with a terrible Realtor is if he doesn't seem to have a firm knowledge of the local market.
Is your agent able to answer the most basic questions about the local school district, what homes are selling for, and what the closing process will be like? If not, it might be time to start looking elsewhere.
Is Your Agent Simply Unprofessional?
Professionalism, much like personality, can make or break a match in the real estate world. When picking an agent, even if you prefer someone a little more casual, it's important to pay attention to his behavior.
Is your agent on time to meetings, showings, and appraisals? Does your agent, even if you are on friendly terms, use your preferred title and treat you with respect? Is your agent's appearance tidy and well kept?
If someone is unable to be on time, communicate within the bounds of professional respect, and maintain his personal appearance, it is unlikely that he will be able to successfully sell your home, or find you the perfect one to live in.
Want to take the guesswork out of finding a good agent? You need a discount agent from Clever. At Clever, we work with the top local agents in your area to ensure you get the service you'll love at a price you can feel good about. Call us today at 1-833-2-CLEVER or fill out our online form to get started.