Real Estate
When you’re selling or renting a property, your estate agent plays a critical role in representing your interests and securing the best outcome.
Here are several things you should NEVER let your estate agent do:
1. **Undervalue Your Property**
An estate agent may suggest pricing your property lower to secure a quick sale or rental, especially if they are trying to meet sales targets. Always get multiple valuations and do your own research to make sure the price is right.
2. **Pressure You Into Making Decisions**
An estate agent should provide you with expert advice, but they should never pressure you into making decisions, whether it’s accepting an offer, lowering your price, or agreeing to terms you’re uncomfortable with. You should feel confident and fully informed about every decision related to your property.
3. **Sign You Into a Long, Restrictive Contract**
Be wary of agents who push you into long, restrictive contracts that prevent you from switching agents or marketing your property elsewhere.
4. **Keep You Out of the Loop**
Communication is key when selling or renting a property. Never let your estate agent fail to provide regular updates or be hard to reach. If you find that you’re constantly chasing them for information or unclear about the status of your property, it’s a red flag.
5. **Neglect Marketing Your Property**
Your estate agent should make every effort to market your property effectively. If they are not promoting your property properly or limiting its exposure, you may miss out on potential buyers or tenants. Make sure you discuss and agree on a comprehensive marketing plan upfront.
6. **Hold Back Offers**
In some cases, agents might not inform you about offers that come in below asking price. However, it’s essential that you are aware of every offer that comes in, regardless of the price. It’s your property, and you should be the one deciding whether an offer is worth considering.
7. **Neglect Property Viewings**
Some agents might try to cut corners by limiting the number of viewings or not being flexible with potential buyers or tenants. This can slow down the sale or rental of your property. Ensure your agent is proactive in arranging and attending viewings, and is willing to accommodate the schedules of interested parties.
**Conclusion**
Choosing the right estate agent is crucial to achieving the best results for your property. By being aware of these pitfalls and maintaining oversight, you can ensure that your agent acts in your best interests throughout the process. Don’t hesitate to step in if you feel your agent isn’t meeting expectations after all, this is your property, and you deserve the best service possible.
If you have any general questions, please contact us at 0208 4227722 or info@empirechase.co..uk.
