Business and Management

The Important Red Flags to Watch Out for When Selecting a Real Estate Agent in Canberra

Finding a quality and reliable real estate agent in Canberra seems like a pretty simple task. When it comes to selling your home in Canberra, the internet has been an immense revelation, and now people can easily find good quality real estate agents from multiple recommendations online.

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However, do you know that there are several red flags that you should look out for when choosing a real estate agent in Canberra? Here we will explore a few red flags you should be on the lookout for:

  • The agent quotes a high price for your home

We all want to sell our homes at the maximum price and for the highest value. However, that doesn't mean that you set a high price for your home, which will deter buyers from purchasing your home. Make sure that you get listing presentations from several real estate agents in Canberra since that will give you a fair idea on the best price for your home.

Setting your asking price too high will mean that your home is less likely to sell. Each potential buyer also works with a real estate agent, and their job to their client is to make sure their client gets maximum value for their purchasing dollar.

  • Forcing a client into listing their property with them

They promise an unrealistic dollar for their home. When the home doesn't sell, the Realtor convinces the homeowner that a price reduction is then in order. It's a game some realtors like to play, and it's a huge waste of your time.

  • The agent doesn't know the local real estate market

This is a huge red flag to watch out for and it could come back to haunt you as well. What is the point of hiring the services of a real estate agent that doesn't even know the local real estate market? When you are looking to buy or sell a house, it is imperative that you acquire the services of a local area expert, who will know the real value of homes in the neighbourhood.