5 Things That Can Go Wrong When Picking a Real Estate Agent

Female real estate agent showing house to young couple

Picking a real estate agent can make all the difference when selling your home, or searching for a new property to buy. Here are 5 things that can go wrong choosing an agent.

You could miss out

Most of us worry about missing out on something better, and picking a real estate agent is no different. If you choose the wrong one, you might not get the best price for your home. An inexperienced agent might fail at negotiating on your behalf or finding the right buyer.

If you’re looking to buy a home, you might never find your dream home and have to settle for less. With Compass real estate, you have access to exclusive listings, so you won’t miss out on finding a property to suit your needs, and will have an advantage over home hunters who are using other real estate agents.

Potential legal problems

Even if you have basic legal knowledge, the right real estate agent can advise you in more depth on potential problems and how to avoid them. Making the wrong choice could result in an agent who either doesn’t know or simply isn’t concerned about any legal issues you may encounter and just wants to make a sale.

Losing money

Aside from the financial repercussions of legal problems, or not getting the best price for your home, you could lose money in other ways too. The wrong real estate agent might charge you higher fees than other agents. So, it’s worth looking around, speaking to a few, comparing the fees, and learning what you can expect in return.

A lack of communication

There’s nothing worse than listing a property for sale or expressing an interest in one, then hearing nothing for days or even weeks afterward. There may not always be anything to tell, but if you choose the wrong real estate agent, they might fail to update you on offers from buyers or new properties on the market, until it’s too late. A good agent will at least send an email updating you on a lack of progress, so you know they haven’t forgotten about you.

You’re pressured into making bad choices

Some real estate agents might try to pressure you into buying a property that isn’t right for you or selling your home at a lower price than it’s worth. It’s natural for the estate agent working for the other party to be more concerned with that person’s interests than yours, but if your own real estate agent is putting pressure on you, it’s time to take a step back and have some time to consider your options. 

Property is the most expensive thing most people own, so you shouldn’t feel pressured to sell below the property’s worth or rush into buying a home you’re unsure about.

While it might seem like choosing a real estate agent is likely to end badly, these are rare examples of what can go wrong. If you find the right agent to work on your behalf, they will usually do their best for you.

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