R.O.C.K.I.N.G Real Estate Agents - C is for Cautious
Ever landed in a situation where you look back and earnestly wished someone had enlightened you before you took action?
Hello, back after making the rounds in Ohio coaching our select team of real estate agents on topics of excellence. R.O.C.K.I.N.G values among other key factors of what being an excellent Realtor were discussed and now we've come to part four; caution.
Very often, a home buyer new to the process (or seller) doesn't know what to watch out for, and you'll find there are situations where caution can save time and money or hedge against loss and heartache.
Do you find your real estate agent cautions you, or are they simply chasing a commission?
Costly "What If's"
One of the worst feelings in the world is buyer or seller remorse. "Should have-would have-could have" and feelings of regret happen all the time in real estate.
Wouldn't it be grand to know your agent is looking out for your best interests?
Real estate agents that aren't cautious are Agents to Avoid.
What if you were interested in a home and had to move quickly due to your situation and the sale on the home was contingent on the seller procuring their next home? Or the home you're interested in is a short sale and sort of a "crap shoot"? If your agent doesn't caution you about the time-frames different types of sellers/owners take, you could find yourself having to rent, eating up your savings towards a home purchase.
Cautious real estate agents discuss what type(s) of homes are right for you. Cautious real estate agents also discuss immediately what types of homes loans will work with the type(s) of homes a buyer is interested in, such as seeking to buy a home with a low down payment or zero down.
What if you were barely qualified, and didn't understand the nuances of credit scores and debt-to-income ratios that vary with different methods of financing? Wouldn't you want your agent to caution you and take the time to explain how seemingly innocuous actions could have devastating effects and cause the collapse of your deal?
Cautious agents will also have an upfront talk about the extra costs of buying a home.
What if your agent didn't counsel you on the hidden dangers of lease purchase and land contracts? You could lose a bundle in addition to losing the home.
A real estate agent that chases commission checks is going to roll with it, but a good real estate agent is going to counsel you to have inspections done to protect you. This could delay or even collapse a deal, but good Realtors know the bottom line for their business is a great reputation that earns referrals and testimonials.
What if your real estate agent didn't caution you about deadlines involved with a real estate contract, or were themselves untimely with deadlines and appointments?
What if you overpaid for your home? Hopefully it would be a house you absolutely couldn't live without, but most people are going to want a fair value or something in the way of a good bargain. Would your real estate agent advise you against over-paying for a property or smile at the size of their commission check? Good agents will volunteer that you're overpaying for the home.
If you're looking to buy or sell in southwestern Ohio, Dayton - Cincinnati, contact my business partner Marty Snyder, he's a R.O.C.K.I.N.G real estate agent with excellent history, knowledge and testimonials.
Good Real Estate Agents R.O.C.K.I.N.G. (summary of good characteristics)