How to Avoid Getting Burned by Rogue Real Estate Agents

Most real estate agents are honest professionals but there are a few bad eggs that can ruin everything. Be careful when choosing people to assist you in buying or selling properties. Consider the following tips on how to avoid getting burned by rogue estate agents:

Check Their Background

Don’t settle for the first agent you come across even if he or she was recommended by a good friend. Create a short list of candidates from the area and check their background. Learn more about their experience in the industry. Only those who are truly passionate about their job can last for many years. Only the most reliable individuals continue to get referrals and unwavering support by a stable number of clients. On the other hand, be sure that the person is not overloaded with work already as he may not have the time to attend to your needs.

Real Estate Agent

Inquire about Performance (average list home to sell, difference between asking price and selling)

Try to gauge the effectiveness of the agent by inquiring about pertinent performance metrics. For example, ask him or her about the average time that it takes for the listed homes to sell. There is no assurance that you will get the same level of speed for your property but it provides you with a ballpark figure to work with. Also ask about the average difference in percentage between asking price and selling price. This is an indicator of his negotiation skills.

Ask About the Marketing Plan

There are thousands of properties listed online. It’s easy to get lost in the crowd if you don’t have a solid plan to get the attention of buyers. Ask the agent about possible marketing campaigns to attract the kind of interest that you are hoping for. The right candidate should have to problems describing a plan in detail and showing the results of similar campaigns that he has done in the past.

Go with Your Gut Feel

Sometimes it comes down to the intangibles. If all of the remaining candidates look good on paper, then talk to them to learn more beyond the statistics. Go for the one that always makes time to take your call, replies promptly to your messages, and answers your questions with utmost patience.

If you wish to work with a real estate firm that has an excellent reputation, expert knowledge, and unquestionable experience, then contact Jeremy James & Company today.