Real Estate mistakes
As a real estate agent, your job is to help your clients get what they desire. You also have to guide them through the entire process and at the same time work hard on your part with some serious due diligence. Similarly, you also have to take your fiduciary duties seriously. But real estate is an enormous field and one never knows what hit them. You need to be prepared for randomly occurring bad events and also help your clients avoid them. Personal safety is often overlooked in real estate. This can prove to be a grave mistake on part of the real estate agent. At the same time, transactions can be dangerous for the seller clients too, and often they count on you to tell them about the pitfalls that lie ahead.
Real estate mistakes to avoid:
We have come up with the following real estate mistakes that you need to avoid for a better and safe experience for your clients.
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Regarding Buyer screening:
You should not be showing your real estate around to people who are not screened. There are a certain number of people who can buy houses and they are screened. By checking the buyer who has placed an inquiry in the pre-screening checklist can guarantee you safety in one way or the other.
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Protecting valuables:
Whenever you decide to let go of your property, make sure you don’t commit this grave real estate mistake of not keeping your valuable belongings in a safe place. Often people leave some of their precious items on the site and suffer loses.
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Home monitoring:
So, your real estate is on the market and now it is open for buyers to see and decide for themselves. But do you need to keep an eye on your house? Off course! You need to keep monitoring the house on sale. This can either be done by the help of technology (through cameras and photographs) or the old school way (asking your neighbor to keep an eye on the property).
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Accompany the buyer.
Even after you have carefully screened the buyer, you cannot let them in your property accompanying them. With this tactic you can keep an eye on the buyer and you house and at the same time show them around in a very elaborate way since you know the place really well. It is often considered good practice to invite as many buyers as possible to the house and show them around. This tactic can also help you keep looking at things in a safer environment.
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Locking doors:
If you have acquired a client and placed a “For Sale” sign in their front yard, you can invite crime into your home. In such a situation not locking doors can be counted among serious real estate mistakes. You need to keep the doors and windows locked so that the house on sale is kept safe. It is your job as an agent to keep an eye on these minor but important steps.
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Not identifying potential hazards.
If an appraisal is conducted for the property, then you must have some idea about the potential hazards in the house. There are a variety of hazards namely asbestos, radon and lead paint. If any of these issues appear, you must immediately inform your clients about the problem and get it fixed
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Home inspection:
A house must be safe to live in. it needs to be sturdy and withstanding. As an agent you need to get a formal house inspection done and see if there are any weak links or beams in the property that needs attention..
In the end, as an agent it is your job to make sure you keep the clients and yourself away from the above stated real estate mistakes. By doing this you will not only help your clients but also being building long term relations in the real estate market.