And you need an experienced negotiator—both for the sale price and any repairs that may come up after the home inspection.
Here we look at some of the top signs of a bad real estate agent. They also care nothing that you will be paying interest and property tax on their commissions. All homes are purchased in the name of an affiliated holding company designed to acquire properties and may not vest in the name of HomeGo. I don't know about that a gross characterization. Generally, you’ll want to look for agents that are “investor-friendly.” How can you tell? And give your self a few days to decide if you want said potential agent to represent you.
Real estate is a huge industry, and there are many paths an agent can take.
Oh, and it’s $100,000 over your budget! Here, three real estate professionals sound off on common warning signs. You look on Zillow and Trulia, and it’s not on either site. The signs of a bad real estate agent might be staring you in the face. I would agree that it would be important to understand the reasons behind an agent’s lack of sales but to make a blanket statement like that is absurd. As an investor you may want to find a realtor with more than just RE sales experience. Avoid them.
©2020 Lampo Licensing, LLC. They email. 1011 Reams Fleming Blvd Franklin, TN 37064. David has bought, rehabbed, and managed over 35 single family rental properties, owns shares in three large apartment complexes, and flips houses.
They talked about it in their professional publications, continuing ed seminars and office briefings. All you need to do is get in touch with one of our real estate ELPs. What he really means is he’s desperate and is mediocre at a lot of things. A great agent also has recommended tradespeople who pick up the phone when he/she calls and work well with stressed-out homeowners.
They may have a good reason, but that’s something they need to explain to you. A great one educates you about the market in your neighborhood and helps you set the correct price. If your agent isn’t asking questions about what you’re looking to accomplish, don’t bother looking any deeper. That being said, if you decide to go the agent route, make sure you seek out a quality agent with an investor-minded focus. If none of it describes you, then congratulations, you are a rare bird. They text.
First: Do they have any investment deals? This isn’t about poor communication—bad agents are just looking for anyone with a pulse. Agents are not in the real estate business they are in the marketing business. Great article this is a completely different way of thinking to find a good real estate agent than I initially imagined. A great agent is an adept problem solver. A bad real estate agent will not keep you in the loop about changes and updates to your listing.
If the answer is, “Uh, … or “Gosh” or “None yet” I would dump the prospective Realtor® like a poor cousin at an expensive restaurant.
However, the information needs to be mined and skillfully sifted through.
Are you worried that your once seemingly “reliable” real estate agent has been dropping the ball and turning away potential buyers?
Each one goes through a thorough vetting process to make sure they close more houses than 90% of the agents in their market. A great agent and a mediocre agent cost pretty much the same. It isn't essential for an agent to intimately understand construction costs, it is a huge benefit. Or are you selling your house? Because some real estate agents—like Aunt Nancy and Cousin Vernon—are just plain bad at their job, it’s important to know what the signs are. It’s worth doing some due diligence to find an agent who fits into the 20% of the rule. The first thing to do is speak with the agent’s broker and ask them to let you out of the deal. You shouldn’t be waiting around to hear from your real estate agent. Real estate transactions are complicated, and no transaction is the same. There is a huge element of chance involved.
A great real estate agent is a great negotiator.