Featured News 2015 Look Out for Red Flags When Choosing a Real Estate Agent

Look Out for Red Flags When Choosing a Real Estate Agent

The right agent can help you sell your home quickly or help you get into your dream home. On the other hand, the wrong agent can ruin the transaction, cost you a fortune, and leaving you with no place to call home.

Surprisingly, many buyers and sellers put little effort into choosing a good agent, whether they're buying or selling; sometimes they even agree to work with the first agent they meet.

People get dazzled into an agent's great listing presentations. They don't realize that a client-agent relationship is a long, intimate relationship based on trust. If it doesn't feel right from the beginning, it's probably not going to get better.

Red flags to watch out for when choosing an agent:

  • The agent prices your home too high from the start. This often means it will take too long to sell, and will sell for less. The longer it sits on the market, the more people are going to think that there is something wrong with it.
  • The agent sells real estate on the side. Whether you're buying or selling, you want an agent who sells real estate full-time, and who's watching the market daily. You want an agent who can show you new listings immediately, and who's available to show property to prospective buyers.
  • You are related to your agent. Unless your agent does this full-time and specializes in your neighborhood, they probably won't be any better than another agent. Working with a relative can breed resentment, and it can pose problems with your transaction.
  • The agent doesn't specialize in your neighborhood. It's vital to find an agent who is an expert in your neighborhood, especially in areas where moving one block can affect the value by $100k. Real estate is very much so a "local business."

If you need a real estate attorney to represent your interests in a real estate transaction, take advantage of our directory to find a qualified lawyer in your neighborhood!

Related News:

When to Call a Lawyer in Your Real Estate Dispute

When you choose a broker for a commercial real estate transaction, you will likely have to sign a contract detailing your agreement. While this contract can work to ensure a working business ...
Read More »

Real Estate Lawsuits: Large Homes on Small Properties

The homeowners in the Metairie Club Gardens are living in luxury. Every home in the beautiful neighborhoods in this area costs well over one million dollars. The multi-story, beautifully landscaped ...
Read More »

Kansas Rent Explodes in Oil Boomtowns

The cost of living is high at the moment, and oil boomtowns throughout Kansas are experiencing that fad first hand. The residents in these oil towns are turning into real estate moguls and are renting ...
Read More »