What Makes a Good Real Estate Agent?
it’s not always clear if you’re choosing a real estate agent that’ll be an asset or a liability. Even the ones who aren’t at the top of their game know more about the industry than the average person.
If you’re not careful, you may end up dealing with an agent who does more harm than good. This article walks you through the key characteristics of the best real estate agents so when it comes time to choose one, you’re equipped with the right information. After going through our checklist, our final piece of advice is never to forget to interview the agents before hiring the best one.
Characteristics of a good real estate agent
The real estate market can be volatile. One year it may be a buyers’ market and the next year it’s a sellers’ market. An agent has to stay active for their experience to matter.
Someone who was a great agent six years ago but took a five-year break to pursue other things may not be a good choice today. They’ll need time to reacquaint themselves with the local market.
The ideal agent should have participated in multiple transactions in your region over the last 2 years. This will equip them with a deep understanding of crime rates, school districts, nearby amenities, and more.
The agent should also have deals that cover the property type you’re looking for. For example, if you’re looking for a detached house and they’ve only sold commercial properties then they may not be a good fit. Vet real estate agents based on their experience in your geographic region and with the type of property you’re interested in to ensure they can meet your needs.
2. Attention to detail
Buying, selling, and renting a property is a time-intensive process that can affect you for years to come. The ideal real estate agent will spot problems with a deal early in the process and help you steer clear. They’ll also be attentive to your unique situation and needs. For example, if you tell your agent you care about recreational spaces, gyms, and similar amenities, they should take that into consideration when selecting homes to show you. Their ability to focus on the detaila may not be obvious during the first meeting so be sure to look at reviews from past clients.
3. Trustworthy with a clear track record
Trust may be the most important part of your relationship with a real estate agent. You’re preparing for one of the most expensive transactions you’ll ever make. Not only is it expensive, but it’ll also stick with you for a long time.
If the agent isn’t trustworthy, they may lead you to the wrong deals because it will benefit them personally. A trustworthy agent will recommend properties that meet your preferences and stay within your price range. The agent will also advise you when putting in a bid so it’s not unnecessarily large. Your ability to trust your agent is serious and the one way to know if they’ll disappoint you or not is to see what genuine previous clients have to say.
4. Good personal chemistry
Your relationship with a real estate agent is unique. Within a short period of time, you choose someone to guide you through an important decision in your life. Even if they have a great track record and a long list of references, it doesn’t matter if you don’t get along well with them.
The way you communicate with the agent you choose will dictate the entire buying or selling experience. At the very least, they should be able to understand when you’re anxious about a property, confused about the situation, or just plain overwhelmed.
5. Familiarity with modern tools and platforms
Simply having a “For Sale” sign and an open house just won’t cut it in the new digital age. With a majority of people starting their home searches online, as a seller you want your agent to be able to take advantage of online platforms that can reach thousands of prospective buyers from all over the world. The same is true if you are buying or renting – you want an agent that can help you utilize tools and services that will help you understand and simplify each part of the real estate process. Your agent should be able to introduce you to platforms where you can find out your eligibility for the first time home buyer incentive or how much mortgage you can afford with your current budget as well as predict your mortgage payments. There are even apps that act as a free moving concierge that can help you deal with all the paperwork of moving to a new home – a good agent will let you know what they are and how to take advantage of them.
Now that you understand what to look for in a great real estate agent, the next question is where do you start the search? That’s where Wowa can help.
What can Wowa do for you?
Wowa helps you find a real estate agent that can make the process of buying, selling, or renting property seamless. Search for agents based on the geographic area they serve, customer reviews, and their commissions (or cashback incentives).
You can also choose agents with a Wowa complete profile which gives you a full background of the agent and a personal introduction video. The profile also shows you what kind of properties they’ve worked with, their transaction score in your region of interest, and a map showing the deals they’ve participated in as both a buyer and seller agent.
Taken together, the Wowa profile gives you a clear idea of whether an agent will be able to meet your needs.