I am not to bad mouth real estate agents. I am the first one to admit that many agents do an excellent job. However, most agents can be within the class of excellent, good, average or poor.
Then, there exists that disappointing small amount of agents who're downright useless. Every industry suffers such a an affiliate their ranks, and I imagine the real-estate industry has more than its fair share of useless agents.
The the fact is; a fantastic along with a bad agent share a similar function - to become a "deal maker." WARNING: - some agents will work all kinds of tricks to bring together an agreement. This is fine so long as they're not "ding the dirty" about the buyer or perhaps the seller.
Whose interests will be the agent taking care of? Where do their loyalties lie? Who the agent is representing - the purchaser, seller, both the client and seller (dual agent), or could be the agent simply looking after his or her own interests?
These 7 questions will help you decide who the agent is really working for. Visit any open house and test these questions on a real estate agent. Good or bad, the answers will disclose something about this agent and, his or her ability, and true loyalties. If the agent betrays the home seller, they will betray you as well. If they defend the property seller, chances are they'll defend you too. Ask the agent these 7 property questions:
1. How much think the house will sell for?
You may discover that the agent has an opinion under the price tag.
2. How much will the home owner take?
You may discover the bottom price that your home owner need.
3. Why could be the homeowner selling?
A real-estate agent may reveal a confidential reason for selling.
4. When does your home owner have to transfer?
A real estate agent may reveal an urgent deadline. This could be a bonus in negotiating a cheaper price . for your property.
5. How long has the property been for sale?
A real-estate agent may reveal if, or why, the home has been tough to sell.
6. Who priced the house?
A real estate property agent might be quick to deny any involvement and perhaps may blame the home owner if you are greedy.
7. What other homes are there in competition for this property?
This is very useful information, providing that the agent provides you with a reputable answer. Ask the agent to show you a few of these competing properties.
check my source are simple and not tough to ask. However, failing to ask most of these questions can put a buyer (or seller) susceptible to a disloyal, dishonest, or incompetent agent. Buying or selling a property is a huge investment for many individuals; therefore it is well worth the effort to choose a realtor you can trust and possess confidence in.