What your real estate agent can t tell you? (2024)

What your real estate agent can t tell you?

If you've ever asked a Realtor for more information and were shut down, it's likely because the answer to your question might touch on the class, race, national origin, sex, disability, or other information about the people who've lived in the house or neighborhood – things that have nothing to do with the house itself ...

What not to say to your real estate agent?

What is the biggest mistake a real estate agent can make?

Why do realtors not want buyers and sellers to meet?

As a general rule, real estate agents frown on buyers having face time with sellers because things can go wrong. A whole lot of things, in fact. Even seemingly innocent comments could land buyers or sellers in hot water—and jeopardize the entire real estate deal.

What to do if your real estate agent ignores you?

If you feel like your realtor is ignoring you, the best thing to do is to talk to them directly. It could be that they are busy with other clients or have a lot going on in their personal life. If they truly ignore you, it might be time to find a new realtor.

Should I tell my realtor my max price?

Key Takeaways. The best reason for not telling your buyer's agent the highest price you'll pay for a home is that they can't reveal information they don't know. The seller's response to your offer will depend on a few factors, including the housing market, competition for the home, and the seller's motivation.

Should you tell your realtor your bottom line?

Don't reveal this to your real estate agent up front. Because giving away your bottom line price can shrink your negotiating power.

Why do real estate agents have a bad reputation?

Truth be told, many agents don't have enough experience and will never gain enough experience to develop into a true professional. There's significant turnover in the real estate industry, and the number of active real estate agents often falls and rises with the economy.

Why do so many realtors fail?

Three common mistakes that agents make is inadequate prospecting, failing to market properties in ways that lead to fast sales, and not following up with clients. Real estate agents must be motivated because generating leads and marketing listings takes creativity and hard work.

What is unethical in real estate?

Misrepresentation or Concealment of Property Flaws

This could be a selling agent hiding property flaws or a buyer's agent overlooking flaws to progress the real estate transaction. This behavior is considered unethical because buyers rely on their real estate agent's expertise when deciding whether to purchase a home.

Why do so many fail in real estate?

According to them, 75% of real estate agents fail within the first year, and 87% fail within five years. Some common mistakes that agents make include, inadequate prospecting, not marketing properties in ways that lead to fast sales, and not following up with clients.

Are most millionaires real estate agents?

Out of the 250 top producing agents identified in the Real Trends survey, the following percentages of agents are found in the following five states: California: 44% New York State: 24% Florida: 7%

Are attractive real estate agents more successful?

Another study in Applied Financial Economics found that beauty enhances an agent's wage, as higher listings lead to higher sales prices. However, it's important to note that some studies have also found that beautiful agents may sell fewer properties and make less money because they work fewer listings.

What are the 3 most important factors in real estate?

Home prices and home sales (overall and in your desired market) New construction. Property inventory. Mortgage rates.

Why don t realtors answer their phones?

You're Expected to be Busy

A successful real estate agent is a busy one. Clients expect their realtors to stay busy. Therein lies a paradox: picking up the phone every time might be great customer service, but it sends a clear message to callers that you're not as busy as other realtors might be.

Can you speak directly to the sellers?

Can I speak directly to the seller or buyer? The seller and buyer can speak freely to each other throughout the process of buying and selling a property. However anything agreed between them is not binding on either party unless agreed in writing by the solicitors in the transaction.

Can a seller walk away from closing?

It is typically very hard for a seller to cancel escrow without any valid reason for doing so. A change of mind is not acceptable. A good real estate attorney will be able to help the buyer push the sale through with aid from the court if need be.

Why realtors don t call you back?

If you have called an agent and they didn't call back or it seemed like forever, there is probably a good reason. They could be with a client, in a closing or other meeting, driving, couldn't understand or had no way to return the call. We want to help you spot the home of your dreams.

Why do realtors not call back?

They are not interested: Some agents may not be interested in working with certain clients or properties, and may choose not to return calls from those individuals. They are not responsive: Some agents may not be very responsive in general, and may not return calls or emails as promptly as others.

How do you politely decline a realtor?

Do for your agent what you expect in return, and be direct and kind. Ask them if there's a good time for you both to talk, so they can be mentally prepared for the rejection. During your scheduled call, tell your real estate agent you've chosen to work with someone else and thank them for their time.

How do you know if your property is overpriced?

Why do agents take overpriced listings?

Overpriced real estate listings enable agents to find new buyers who might be potential clients. There are different ways in which agents can find buyers: Sign calls: If a buyer wants to find out the price of a home, typically, they will call the agent's cell phone number and ask.

Should you ever offer more than asking price?

Some real estate professionals suggest offering 1% – 3% more than the asking price to make the offer competitive, while others suggest simply offering a few thousand dollars more than the current highest bid.

Why do realtors say highest and best?

As the seller, you usually ask for the highest and best offer to eliminate negotiations and expedite the deal. It lets buyers know you're looking for only the most serious offers. Conversely, with a best and final offer, you're asking buyers to go above and beyond the competition to convince you to sell to them.

Why you should always use a realtor?

Realtors have access to even more listings. Sometimes properties are available but not actively advertised. A Realtor can help you find those hidden gems. Plus, a good local Realtor is going to know the search area way better than you ever could.