You’re ready to buy a new home, sell your old one, or both. You know a Realtor. You think you know your way around a Real Estate Transaction. It’s go-time!!!
But like Mark Carroll from Round Table Realty said, “Sometimes you don’t know what you don’t know.”
There isn’t a Realtor on Earth who hasn’t had an “oops” during a transaction. Every single sale is different in Real Estate and you can’t expect a human being to be perfect. But if you can avoid some of the more common pitfalls by knowing when it might be time to find another Realtor, you could save yourself a lot of headache.
It might be time to fire your Realtor if:
...communication is lacking. If your phone calls and texts aren’t returned within the hour, it’s time to say something. A Realtor’s job is to ensure you are informed and, if they’re a Single Agent, to ensure your best interest is first on the list. There should be absolutely no question about where you are in the process and what you need to be doing.
...your Realtor guarantees you anything. While Real Estate professionals can make some excellent predictions if they have experience and solid brokers backing them up, they cannot guarantee anything. Not. One. Thing. Ask some serious questions when your Realtor promises you they’ll find you that perfect house for that price, or when the house your selling will definitely earn X amount of money.
...fees aren’t explained from day one. There is a cost to working with any Realtor, whether that cost comes in transaction fees (which never happens at Round Table Realty) or from a commission the seller agrees to pay. Your Real Estate professional should be able to explain to you where they get their money and why they will earn as much as they will. (And you should ask.)
...your Realtor tries to change your mind. It is your job to communicate what you want/need and your Realtor’s job to try and help you understand what’s possible for you based on the current market. If instead, your Realtor tries to change your mind about what you want, it might be that they just want the sale. Stand firm and get a second opinion.
...there’s no plan. Organization is a huge part of Real Estate, and technology makes it almost impossible to be disorganized anymore. Round Table Realty trains its agents on the most effective tools to keep the buying and selling process on track. If your agent doesn’t outline a plan to you, ask for one.
Any Realtor can make a mistake but in order to avoid some of the more costly issues that could leave you in a pinch while buying or selling, keep an eye out for these 6 things that predict some of the biggest problems we see in Real Estate.
Round Table Realty agents are able to practice as Single Agents, and that means instead of being referees they can act as a fiduciary loyal only to you. Ask your agent if he or she can act as a Single Agent before you sign on the dotted line. After all, buying and selling homes is the largest transaction most people make in a lifetime!