May 24, 2022

Warning signs of a bad property buyers Sydney

There are tons of good property buyers. Unfortunately, there are also those who are simply not good at their job. Having a good property agent is key in landing your dream home. So don’t waste your time on those slackers who will not do any good. Here are some of the signs of bad property buyers.

Communication issues

One of the most common complaints homebuyers have about their real estate agents is that they can’t get in touch with them easily. As the housing market heats up, it’s becoming more important to move quickly when you find a home you’re interested in. If your agent isn’t responding to you in a reasonable amount of time and it’s costing you home-buying opportunities, you and your agent are missing out!

The agent declines to allow a performance clause

While it’s typical for real estate agents to come to a meeting with a contract in hand, don’t be dazzled by the length and scope of that contract. The document you sign should be as much yours as it is the agent’s. It’s easy to be baffled by a long document, but the terms of every contract are negotiable. And when you’re selling your No. 1 investment, your wishes belong in that contract.

Power struggles

It takes a certain level of confidence to walk with homebuyers through one of the most expensive purchases they’ll ever make, but that doesn’t mean your real estate agent can forget that you’re the boss. An agent who pressures you to consider homes that are out of your budget or pushes you to accept a price that’s too high may be more interested in their commission than in helping you find a home you can afford.

The agent is inflexible when negotiating commission

Although six percent is the accepted standard for real estate agent commissions on home sales, you can pay less. Generally, if you negotiate a lower rate, you can expect a lower level of service, but you want to specify that level of service in the contract before you sign.

Some real estate businesses even offer a menu of services that are available at varying commissions. But before you gun for saving money, consider whether you’re really willing to put up your own signs and staff your own open house. If it’s not a problem, then go ahead and set up the abbreviated service contract. Just be sure that you and your agent are both clear on the services that will be contractually provided.

Abundance of attitude

As we mentioned, you want your agent to have confidence in their ability to do a great job for you, but that shouldn’t translate into rudeness. No matter how many questions you have or how basic they may be, your agent should have the patience to answer each one without a lot of confusing jargon. You should also be able to trust your agent to behave professionally on your behalf. Remember, you don’t have to put up with attitude to get a great real estate agent.

You’re getting nowhere

A true sign of a bad Property buyers agent is when you still don’t have a property after a few months. If you’ve been working with your agent for months and aren’t any closer to buying a home than when you started, that’s a big problem. Admittedly, you could be contributing to the problem if you’re being too critical of the homes your agent shows you. But if your agent isn’t showing you homes at all or is showing you homes that you’ve said aren’t right for you, you’re wasting time. It may be time to hire a new agent.