The influx of real estate information on the internet helps many property buyers and sellers make an informed decision. Even so, many consumers in the real estate market still find it difficult to select the right agent when it comes to buying or selling a property. For instance, if you were to rent a holiday home in Noosa area, how would you pick a reliable Noosa real estate agent?
Whether you are buying or selling a property, picking the right agent can speed up the process, where a wrong agent can take you in circles without meeting your expectations. While you can find several real estate listings online, it is impossible to know the qualities of the displayed agents.
It is, therefore, important to know to know how to filter the listings so you can end up with reliable property agents. For instance, if you are looking for a reliable Noosa real estate agent, here are red flags to avoid.
Beware of agents that suggest the highest price for a property
This is important for property sellers rather than buyers. For instance, if you are selling a property, it is advisable to engage at least three agents to give you listing presentations. Besides, the preferred agents should tell you the properties they have sold that are similar to yours and how long it took them to do so. Agents that price your property so high will make it drag in the market and eventually sell less. A property that stays longer in the market makes potential buyers think that something is wrong with it.
Avoid agents that are partially in real estate
This applies to both buyers and sellers. You want a property agent that is fully involved in the industry, who follows the market on a daily basis. If, for example, you are a buyer in Noosa real estate market, you would prefer a Noosa real estate agent who can show you the latest listings in the market immediately. On the same note, sellers would equally want an agent who is available and can show their properties to potential buyers.
Avoid agents that are your relatives
Relatives often just take things for granted, especially when they are partially involved in real estate dealings. Such agents are likely to perform below standard, which can lead to resentment and transaction issues.
Avoid agents with little or no knowledge on the neighborhood
Real estate dealings vary from one area to another based on several factors. Doonan real estate market can be quite different from Noosaville real estate market. This makes the business ‘local’ and it is always advisable to work with an expert in the real estate affairs in the targeted area. For example, if you want to buy a property in Tewantin real estate market, you should find an agent that is aware of the real estate dealings in that area.
Beware of agents that charge lower commission
When the deal looks too good, think twice. Experts in the real estate market suggest that commissions range between five and seven per cent, which is shared between buying and selling agent. Agents that offer lower commission may be up to something.
Watch out for these potential red flags to make the process of picking a real estate agent easier for you.