Who You Work With Matters: Top 5 Concerns About Real Estate Agents
It’s safe to say that one of the biggest complaints about real estate agents is a lack of communication. Of course, just like in any relationship, good communication is the most important component for success. On the flip side, if it lacks, it can ignite a chain reaction of unpleasant and awkward experiences for the client that ultimately lead to an unsuccessful partnership.
Full-time agents often get calls, texts, and emails at all hours of the day, and for some, it can be difficult to manage. A skilled agent knows how to juggle communication and their other commitments and make each client feel like they are their only one. Communication expectations should be realistic and set up front to maintain a successful relationship. Answering questions promptly won’t necessarily help the home sell faster but keeping the client in the loop is always necessary and, in turn, increases their confidence in choosing the right agent.
Of course, agents don't intend to fail or fall short of expectations. Many agents start responsive and with the best intentions when signing the listing agreement and the first few weeks of activity and showings. But once showings and interest start to taper off, the agent may feel that they have nothing to report to the client. They say no news is good news, but that couldn’t be further from the truth in this aspect. When there’s no news to report, the last thing the agent should be doing is not returning calls (i.e., ghosting). This is an opportunity to be transparent and show the client what they are doing behind the scenes to sell their home and restrategize if necessary. There is no excuse to drop the ball on communication at any point in the journey but especially not in the middle when the client has the most questions and concerns.
Lack of Real Estate or Area Knowledge
One of the most important things that your real estate agent should not lack is knowledge of the market area. This can become a major pain point when it comes to pricing a home properly. You want to work with someone who is an area expert. If the agent does not use their area expertise, understanding of the current market, and comparable sales near you, but instead gives the sellers a price that will make them happy just to attract business can lead to a domino effect. Overpricing your home can increase your chances of not finding a buyer or staying on the market longer than necessary.
Your agent should also be a wealth of real estate knowledge. When it comes to going through the paperwork and legal documents, your agent should be able to explain most of the terms and language you may encounter. They should be able to guide you through the tough parts of the transaction with confidence and excellence. An agent that seems confused when explaining transaction details or cannot tell the seller what documents or contracts contain will naturally make the sellers feel uncomfortable.
Doesn’t Have the Client’s Best Interest at Heart
While we know every real estate relationship starts with the best intentions, there are times when a buyer or seller can feel their agent isn’t keeping the client in mind throughout the process. This feeling can fester for a multitude of reasons. Sometimes, clients and their agents don't align for one reason or another throughout their communication and interaction. Then, the client can sense their wants and needs are not being thoroughly listened to. The perception can be that the agent is more interested in serving their own interests, such as timeframe or a commission check after closing. It is, unfortunately, a bit too common to hear that a representative has been hasty in evaluating or coaching a client to sell or buy even when they were not completely ready. Instead of carefully and considerately waiting to find the right opportunity, they attempted to push their client into something they were not sold on.
In any real estate transaction, your agent must always thoughtfully listen and adapt to your desires and concerns at all times. No matter how long it takes to find the right buyer for your house or for, you to fall in love with your next home, your experience matters. An agent obsessed with creating joy for their clients will always have a bit of their heart in the game.
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