Lookout for these 7 Signs while Hiring a Realty Broker
Hiring a real estate broker is the first thing that most people do when they are planning to buy or sell a house. But, there are certain points you should keep in mind before hiring a realty broker.
1. Agent Quotes a High Price
If you are planning to sell your house, you should get your property evaluated by a minimum of three real estate agents. They will compare your property to other similar ones in the vicinity and list similar prices. However, remember not to quote a very high price because it will dissuade buyers, thereby making your property sit idle for a long time in the market.
2. Agent Does Real Estate As a Part Time Job
Whether you are buying or selling a home, you should always opt for a broker who is following market trends every day. If you're buying a house, you will want a broker who can show you new properties as soon as they are available. And if you are selling your house, you will want an agent who is always available to show your property to potential buyers.
3. Agent is Your Relative
Unless your relative has an experience as a full time real estate agent and knows your neighborhood well, you should always opt for another good real estate agent.
4. Agent Doesn't Know Your Neighborhood
You should always hire an agent who knows your neighborhood very well. They will be able to know about the pricing in the area and also contact sellers who haven't put their property on the market yet.
5. Agent is a Poor Negotiator
Your real estate agent should be able to close a deal successfully. They must also make sure that the house is free of liens and has been approved by the home inspection department.
6. Agent doesn't Deal With Your Type of Property
If you are selling or buying a penthouse, make sure you pick an agent who specializes in penthouses. This will ensure that you get in touch with the right kind of owners or buyers. Always choose an agent who has experience in dealing with the type of property you are interested in.
7. Agent has Been Suggested by an Online Portal
Housing websites will try to convince you that the listed agent is an expert on your neighborhood and property type. Don't settle for their words. Instead, interview the agent yourself before hiring them.
With these pointers in mind, you will be able to hire the right real estate agent and get the best value for your money.
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