Mortgage

Is Your Real Estate Agent Leading You Astray? 3 Red Flags to Look Out For

Is Your Real Estate Agent Leading You Astray? 3 Red Flags to Look Out For
Written by Publishing Team

Two people walking into an empty house with their realtor.

Image source: Getty Images

Working with the wrong real estate agent can be a recipe for disaster.


the main points

  • Some real estate agents do a better job of putting clients’ needs first.
  • If you are buying a home, an agent who is pushing you into an uncomfortable area is not worth your time.

You are not required to hire a real estate agent when buying a home. After all, you can search listings and set up appointments to see homes for yourself. But if you are a buyer, there is no real reason Not To Enlist the Help of an Agent – It is the sellers who bear the real estate agent’s fees, not the buyers, so there is little to lose by having a professional guide searching for your home.

However, some real estate agents are more customer focused than others. You may want to assign someone else if these red flags apply to the person you’re working with.

1. Your agent pushes you out of your financial comfort zone

When it comes to budgeting for a home purchase, the best person to determine how much mortgage you can afford is you. Sure, your lender may pre-approved a certain loan amount, or your agent may run some numbers and advise on a price range to stick to. But in the end, it started You are To determine the price range for buying a home. If you gave this number to your real estate agent and they didn’t respect it, it’s time to move on.

2. Your agent reduces the cost of repairs and repairs

Not every home you see will be in immaculate condition. Unless you’re buying a new building, some renovations and repairs may be on the cards. But the one thing your real estate agent should not do is ignore the cost of repairing a home that clearly needs work.

Renovations and repairs can be very expensive. Given that many building materials are currently in limited supply, any project you undertake can take longer than expected, disrupting your daily life or even forcing you to live elsewhere for a while. This is a concern that a real estate agent should take seriously, not cover it up.

3. Your agent pushes you to give up a home inspection

It is a competitive housing market these days, with very few properties available to meet buyer demand. As a result, many buyers make concessions, hoping to accept their offers. But don’t compromise on a home inspection to get the seller to work for you. And be wary of any real estate agent pushing you to go this route.

You never know what major problems a home inspection can reveal, from a failing roof to a sunken foundation or a pervasive mold problem. And while giving up a home inspection may result in a quick sale, it can also lead to a real financial (and in some cases, even health-related) nightmare.

If any of these scenarios apply to you, it’s time to cut ties with your real estate agent and find a new real estate agent right away. There are plenty of good real estate agents who put their clients’ needs before their own financial gain. These are the agents to work with.

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