When you are about to buy a house, especially for the first time, it can be a little stressful. You are going to fork out a lot of money. It will most likely be the biggest single investment you will ever make. A lot of people use a real estate agent’s services.
A good real estate agent can guide you through with their experience. They can give you loads of advice, set you up with people you may need, such as contractors and so on. They may even be able to negotiate a better deal for you. But what if you end up with a bad real estate agent? It can cost you dearly, leaving you with a bad taste in your mouth.
Let’s take a look at ten signs of a bad real estate agent.
1. Having Another Job
If you somehow find out that your agent has another job, it’s best you walk away. A good, professional agent should have energy and work hard. In this industry, you need to find someone who is a full-time agent. They must be making a living and earning commissions as a real estate agent. If you notice that they play drums in a bar, this is a red flag.
2. Slow Response
The property market never stops. It’s pretty much 24/7. Nowadays, everyone has a phone. A house can be sold within a few hours. You don’t work for the agent; they work for you. If you contact them through whatever medium, they should respond or get back to you relatively quickly. They should be attentive to your needs and concerns. They should get back to you either the same day or the next business day. If they are slow with responses, drop them.
3. Poor Communication
While a real estate agent will pretty much know the ins and outs of the industry, the clients will not. This can be a major source of stress and concern. There are many steps involved in buying a house. The agent must always communicate with the clients and keep them in the loop. They really should not make decisions until the client approves.
4. Taking Too Long
If you find that the process is taking a bit too long, then maybe it is time to get another agent. If it takes many months of searching with no end in sight, it is safe to assume that something is definitely wrong. Whatever negotiations that are happening but always fall through; these are signs of a bad real estate agent.
While inexperience isn’t entirely the fault of an agent, this is an industry where experience counts. An experienced agent will have lots of contacts, know many things about the industry inside out and know everything about paperwork. An inexperienced agent is still pretty much feeling their way around. They are more prone to making mistakes.
There is a lot of money involved and it’s your money at stake. Everyone has to start somewhere to gain experience. While this does not necessarily mean they are a bad real estate agent, it is best to hire someone with experience.
6. Online Presence
Times have changed. With the advent of the Internet, the world has changed. Today, the majority of house searches take place online. If your real estate agent has no online presence whatsoever, something is terribly wrong! In fact, don’t expect to buy or sell a home any time soon. Every available means should be explored online, whether buying or selling a home.
7. Lack Of Professionalism
There are agents who have a poor attitude and it is more common than you think. No good, professional, real estate agent should ever be rude to you. You aren’t working for them; they are working for you.
If their lack of professionalism comes through, then imagine what they may be saying during negotiations when you are not present. There is one true incident where the agent was stupid enough to say something negative to the husband about his wife. The husband was insulted and angered by this and dropped the agent!
8. Asking What You Want To Do
When you hire a real estate agent, it’s because they know everything, since they do this all the time. However, if your agent is always asking you what you want to do, that signifies signs of a bad real estate agent. It may be best if you contact a more qualified agent for help instead.
9. Bad Mouthing Agents
If your agent starts knocking and bad mouthing other agents and other companies, this is definitely one of the signs of a bad real estate agent. This is an agent who is into gossip, makes negative statements about the competition which probably isn’t even true and is in reality, just an insecure person. This is your time and money. It should not be spent on this.
There are real estate agents who will try to sell you other services. This increases their commission. They will try to push you into buying things that you are not interested in. Beware of these pushy agents