The difficulty of deciding on the right property to buy is a common issue for first-time buyers. There are many real estate professionals that can give you advice on property buying. One of the best options available today is a buyers agent. They can give you access to information that helps inform your decisions. But finding one who’s good at what they do can be difficult.
There are many buyers agents who claim to be the best with their in-depth knowledge and years of experience. But there are those who often lie about their credentials. Thankfully, there are red flags you can identify to help you weed out a good buyers agent from the bad ones out there.
To help you make a more informed decision on a buyers agent, follow these top tips:
They offer multiple property services
Some buyers agents offer a wide range of property-related services. However, this often leads to biased advice when it comes time for an appropriate selection for a property. Often the buyers agent may have their own interests in mind rather than yours because they may be working for a real estate agency. We recommend dealing with an independent buyer’s agent who is solely focused on purchasing properties. It’s one way to get your best interests front of mind for the buyers agent.
Some real estate selling agents may show favouritism or pressure you into making quick decisions without considering all available options which can result in regretful choices such as paying too much money or selecting something out-of-reach.
Cheap fees don’t always lead to good outcomes
When it comes to hiring a buyer’s agent for your buying process, you don’t want the lowest priced option. Low fees are often a sign that the buyers agent isn’t licensed or qualified to (legally) work in this industry. It could also mean that their skill set is poor. Getting what you pay for applies here too; low agents dedicate minimal amounts of time because they have so many clients lined up as soon as you’re done. So make sure that when you’re looking at prospective buyers agents, don’t use pricing as the only deciding factor. Try and make your decision based on quality over cost by asking questions like “What are your qualifications?”. It is so important to ensure that the services offered actually match the pricing.
They have bad reviews and hesitate to show previous clients
One way to find out more about a buyers agent is to look at their reviews from previous clients. It’s important that you have an honest review and see if they’re someone who will be able to work with your needs or not. If it seems like their agency may need improvements, do some research on what those are before making a decision as there could be other factors associated with this company such as low pay rates for agents which would affect satisfaction levels too.
It’s not uncommon for a buyers agent to have a couple of negative reviews. Unforeseen circumstances can easily sway a customer’s view. But when a large majority of an agent’s reviews are negative it’s a big red flag. It’s probably best to avoid this buyers agent altogether. If a buyers agent refuses to show testimonials from previous clients then there is a good chance that they simply don’t have any positive reviews to share with you.
They often show up late or cancel your appointments
It goes without saying that punctuality is an important trait for any service professional. A buyers agent is no different. If a buyers agents consistently arrive late or cancel on you then it’s another red flag that they may not be very good at their job. If they can’t do something as simple as arriving on time to something then how well do you think they will perform other tasks and duties for you.
Positive signs to look out for
When everything is done right, buyer’s agents can help you make the process of buying a property a lot easier. A qualified and experienced buyers agent in Melbourne may be hard to find. But we guarantee the results are definitely worth it. You don’t want to end up buying a house that’s not quite right. Especially if you’ve overpaid for it. So before you make the final decision on a buyers agent, think about all the red flags we mentioned right here.