When you buy or sell a house the first person that comes to everyone’s mind are realtors. Now just like every other type of profession, there are some rules and ethics that every realtor has to follow. If a realtor fails to follow all the protocols, he/she will be considered a bad and inefficient realtor. The protocols are there for your interest only, to provide the best service possible. So it is important for you too to understand these simple facts so that when you appoint one you can see the red flag. You can appoint a Low Cost Realtor but remember to keep an eye out for these signals.
Things bad low cost realtor do:
- Be rude
Your realtor be it expensive or low cost realtor can never be rude. Sellers frequently choose these agents under the false belief that having a “hard agency” will assist them. However, in most real estate markets, other agents dislike them and are less inclined to show their properties. Furthermore, when buyers encounter an unpleasant listing agent, they are more likely to form an unfavorable opinion of the property. You will never want a rude realtor as your representative. After all, they are representing you. So your buyers are going to think that you also have the same sort of attitude. Which will only decrease the chance of getting the property sold at the desired price. So, good realtors stay far away from being rude.
- Have absurd rules
Agents with an unusual set of guidelines that are unheard of in the profession. This can manifest itself in a variety of ways. Some agencies prefer that all contact with them be done by fax rather than phone or email. If your agent is seeking $500 for an option fee that is typical $100, you may expect them to turn away potential purchasers. Being quirky is excellent for art, but it typically makes people suspicious in a real estate deal. So if you are going to sell your house, remember this point: if a realtor, be it a low cost realtor, if you see some bizarre or absurd rules that make the whole process more complicated, then there is no point in hiring such a person.
- Don’t have a website or an office
As real estate has become more of a technology-based industry, with buyers shopping for properties online and more real estate transactions taking place via email, you want your agent to be functioning in the twenty-first century. If your agent does not have a website, it is a solid indication that they are still practicing real estate in the dinosaur era. Even if he/she is a low cost realtor having an office or online service is a must. In this digital era, if your realtor can not upgrade his/her knowledge, he is not worthy of your time and money.
- Weekends off
Real estate is a seven-day-a-week business. If your agent does not answer the phone on weekends, you may expect a reduction in the number of showings you will receive. Buyers may come in from out of state for the weekend to place an offer while they are in town. They generally limit themselves to two or three properties. While your agent is unlikely to receive phone calls regarding your home over the weekend, the listing agent for the other property will most likely answer the buyer’s queries about their client’s property. When the time comes to make an offer, the buyer will make an offer on the house they are more familiar with and feel more at ease with.
- Does not take photos of your property
There is no valid reason not to photograph your property. If your agency just takes one or, worse, no photographs, it’s time to find a new agent. A photograph is a good way to attract more and more buyers. People tend to believe in what they see rather than what they hear. Most people won’t even bother to have a real look at your property if there are no good pictures. So a good realtor always takes a good picture of your property at the right angle and post it.
A low cost realtor or cheap realtor does not really matter. What really matters is these qualities. Search for a flat fee realtor because they have all the required qualities you need in a good realtor.