What not to Look for in a Boutique Real Estate Agent
Finding the right boutique real estate agent can be a tricky thing to do if you not only know what to look for, but also what not to look for. There are definitely some bottoms of the barrel real estate agents out there that show plenty of warning signs. The right real estate agent can not only find you your dream home, but also sell your home quickly.
Even with the stakes being significantly high when putting your home on the market, you’d be surprised at how little effort some homeowners put into finding their agent. However, they should gather presentations for three agents before they choose, that way, they can tell whose low selling their home, and whose being unrealistic with their pricing. Now, with that being said, what are some of the warning signs to look for when choosing a real estate agent?
5 Boutique Real Estate Agent Warning Signs
They’re a relative
Let’s just get this one out of the way real quick. Unless your relative is a full time licensed real estate agent, don’t choose them just because it’s “nice.” You also don’t want to hire a relative because it can cause resentment, people often go back and forth with their agents and if it’s family that can cause issues. You don’t want to let the deal ruin that.
They don’t know the real estate in your area
There are definitely some blocks that can increase or decrease the value of a home by up to $100,000. That’s a lot of money. This is why it’s important that you have a boutique real estate broker that knows the area in which you’re looking to buy or sell a home. Plus, if they know the area, they may know of some people who are also looking to buy or sell within your price range.
Don’t choose one from an online listing
If you’re looking at listings online and you see that pop-up ad for an agent “in your area,” that doesn’t mean they’re the best fit for you. Their face is there because they paid for their face to be there. It has nothing to do with their ability to buy and sell houses.
If they don’t deal with your property type
If you’re selling a nice big house, don’t choose an agent who typically sells condos. Now, there are agents who specialize in several different types of properties, but you need to make sure they typically handle your type of home.
They charge a decently lower commission
Commissions for real estate agents are usually split between five and seven percent between the buying agent and selling agent. If the commission on your home is lower, agents may not want to show it because they won’t be getting much out of the deal. However, if you have one agent handling the buying and selling, you can try negotiating a lower commission during the boutique real estate brokerage.