Wednesday, August 26, 2020

3 Most Common Traits of a Competent Real Estate Agent

via Pinterest

During the current coronavirus pandemic, many people have lost their livelihoods and homes, and are forced to declare bankruptcy. Many myths are floating around the market about buying or selling a home during this pandemic, especially those properties where owners were using the 1031 exchange code to invest their capital gains. You can learn more about such properties by clicking here

But, homeowners who are forced to leave their homes are least concerned about these myths, and all they want to do is follow various tips to prepare their homes for sale. Staging a home for sale is not enough to get the best price because you need to have someone who can drive the hard bargain, and sell your house at the price it deserves. Competent real estate agents are the professionals who can do it for you, but it is a challenge to find the right one. We have discussed here the three most common traits of a competent real estate agent so that it gets easier for you to select the right one. 

1. Strong knowledge base:

A competent real estate agent will always be cognizant of recent trends and terminologies of the real estate market. He will have a broad knowledge base, but he will not be a jack of all trades and master of none. Real estate is an incredibly broad market and all the good real estate agents identify their niche and build so much expertise in that niche that nobody can beat them. Therefore, if you wish to sell your house, you must hire a real estate agent who belongs to the niche of the housing market. Moreover, you would be better off if he has a good grasp on the local housing market because it will enable him to understand the nuances of the local market and settle on a unique pricing strategy. 

2. Stellar relationship network:

Always remember that real estate business does not allow people to work in silos, and those who choose to do that, do not see the light of the day. This is why all the competent real estate professionals will have strong networking and the real estate agents are no exception to this rule. Therefore, make sure that the real estate agent you hire has a strong network of connections with all the major players of the real estate business including buyers, sellers, appraisers, mortgage officers, loan officers, and others. You will be able to validate their strong network because, within that community, you will find many people talking about those particular real estate agents. 

3. Engaging personality:

The personality of a real estate agent plays a vital role in determining whether a property would be sold or not because real estate brokers are not only tasked to sell properties but also themselves. Therefore, if their personalities are not engaging or they do not understand the art of selling themselves, they will not be able to sell the properties assigned to them. Always remember that good real estate agents will come across as honest, meticulous, and confident individuals. They will have a positive vibe that will make you believe in them when they say something, and if you happen to find such an agent, hire him on the spot. 

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