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5 Things That Could Go Wrong When You Pick The Wrong Realtor

5 Things That Could Go Wrong When You Pick The Wrong Realtor

This article is written to enlighten you on all the things that could go wrong, if and when you pick a wrong realtor, and how to avoid it.

How bad can it really get if you pick a less than stellar Realtor to represent your interests when selling your home?

You likely have no idea what the effects of a bad choice can do to you when you’re trying to sell or buy a home. It can be monumental. Huge. Significant. You don’t even want to imagine at all.

I’ve seen it all and many sellers have no idea of how ineffectively they’re being represented!

Buying a home is the biggest investment most people likely ever make, and it has all sorts of implications for their personal and financial future. This is why it’s so important to work with the right realtor.

There are a number of serious pitfalls that could arise if you accidentally work with the wrong person to buy or sell a home. Here are some of them:

1. Knowledge Deficiency

Not knowing the local Real Estate market, inadequate Real Estate contract knowledge, missing Real Estate transaction contractual deadlines, not knowing the step by step process of the Real Estate transaction, poor negotiation and communication skills, can and will cost you money and perhaps even stop you from selling your home.

A professional realtor should know all information about your property, the neighborhood, and the market prices and put this information to good use.

What is the use of a realtor if you ask him/her a question about the market price in your area and you get almost nothing useful out of his/her mouth?

2. Offers Bad Advice

If there’s one thing you need a competent agent for, it’s the advice 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.

People hire realtors who know everything about anything in the business and they seek their advice. You are paying your realtor so you better get anything out of him/her that works for you.

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.

If your realtor is not offering you great advice, then you certainly picked the wrong one and should cut ties immediately.

3. Legal Wahala

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 the inevitable problems creep up during the transaction, they’ll either give you the wrong advice on what to do, or will simply disappear when deals sour.

4. Ruins Promising 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 important one. You need someone on your side who’s working in 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).

5. 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 important one. You need someone on your side who’s working in 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).

Final Thoughts

Hiring the wrong real estate agent can make buying or selling a home even more stressful than it can be in the first place.

Since there are so many pieces involved in a real estate transaction, it’s vital that you have a top producing realtor in your corner.  If you’ve hired the wrong realtor, it’s important to address the concerns right away!

You want to know how to choose the right realtor, then check our article here and you will sell your house in a minute.

If you would like us to connect you to a trusted team of agents and property managers, click here.

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