Overwhelmingly, real estate agents honorably perform their professional duties. However, sellers like you are just one of many when an agent focuses on their commission instead of fulfilling their fiduciary duty to you. Read on to discover some of the signs of a bad Phoenix real estate agent.
Spotting a Bad Phoenix Real Estate Agent: What to Watch Out For
Trust Issues
A fiduciary relationship in real estate includes a buyer or seller, referred to as the principal, in a signed contract with an agent. A licensed professional real estate agent has both a legal and moral obligation to hold your best interest at the forefront of all actions. An agent has intimate knowledge of your financial and personal information. The temptation to leverage data for their betterment in a transaction exists, such as revealing your details to the buyer, providing them with power at the negotiating table to get the sale. Sadly, some agents have a focus that is purely about money, and while we all work to earn a living, a real estate agent is breaking the law should they fail to act ethically, which is most definitely a sign of a bad Phoenix real estate agent.
Communication Breakdown
In the fast-paced world of real estate, communication is monumental to success. Quick and clear communication is essential. A delayed response can sometimes mean the difference between closing or losing a deal. If you find yourself waiting for your agent to return calls, texts, or emails — or if your questions and concerns go unanswered — it is not a great leap of the imagination to assume that interested buyers are probably getting no reply to their inquiries either. And that’s a surefire sign that it’s time to move on. At Oak Street Properties, we keep in touch and are here for you all the way! We always welcome all of your questions and calls because they help us best guide you.
Part-Time Agents
Everyone has to start somewhere, and some agents might try their hand at the real estate game while still juggling another job or other responsibilities. As a seller, working with a part-time agent who is spread too thin can lead to disappointment. At Oak Street Properties, this is our full-time passion. We dedicate all our time and resources to ensure your property gets the attention it deserves.
Methods and Means
Your real estate agent shouldn’t leave you to feel as if you are handling your real estate deal all alone when you agreed to a real estate agent to represent you. It takes dedication, time, and expertise, and an expense account for a pro to coordinate everything it takes to sell what is most likely your most valuable asset, your home. Either the agent is irresponsible or lacks the training and most up-to-date technical applications or the financial means to do their job correctly; this is another sign of a bad Phoenix real estate agent.
Misleading Practices
Some agents are driven by greed and are just after the commission. They do not care about the client or if your needs are met and may present themselves as having specialized in the market of higher-end properties. This can lead to misleading information and unmet expectations. Always verify the credentials and experience of your agent to ensure they are genuinely qualified to handle your property.
Lack of Market Knowledge
A good real estate agent should have an in-depth understanding of the local market. They should be able to provide you with accurate information about comparable properties, market trends, and realistic pricing. If your agent seems unsure or provides vague answers, it might be time to look for someone more knowledgeable.
Poor Negotiation Skills
Negotiation is a critical part of the real estate process. A skilled agent should be able to negotiate effectively on your behalf to get the best possible deal. If your agent seems to cave in too easily or fails to advocate for your interests, it’s a clear sign that they might not be the right fit for you.
Unprofessional Behavior
Professionalism is key in real estate. This includes punctuality, appearance, and the way they communicate with you and potential buyers. If your agent is consistently late, dresses inappropriately, or communicates in a rude or dismissive manner, it’s a red flag.
Hidden Fees
Transparency is crucial in any real estate transaction. A bad agent might surprise you with hidden fees at the last minute. Always ask for a detailed breakdown of all costs involved in the transaction upfront to avoid any unpleasant surprises.
Why Choose Oak Street Properties?
Why not avoid learning these and other signs of a bad Phoenix real estate agent for yourself? Oak Street Properties does not charge commissions. It is our driving passion at Oak Street Properties to find real solutions for your problems. We always put you first!
Our goal is to help you meet your immediate financial needs while helping you earn the highest profits from the sale. Whether the best sales method for you is a traditional listing or direct sale to Oak Street Properties, based on your circumstances, we will lay everything out from each method to help you make the best decision. And what we offer is what you receive because we don’t have any hidden fees to surprise you with at closings, either. At Oak Street Properties, we pay cash and will close when it’s convenient for you. You can rely on the experienced licensed professional buyers at Oak Street Properties. Send us a message or call Oak Street Properties at (480) 637-5500 today to learn more.