Avoid These Real Estate Agents in Colorado Springs
With numerous “How-to” videos on any imaginable topic and thousands of articles on the same, consumers have become empowered with the DIY revolution. And the age of information has armed us to easily comprehend what used to be relegated only for the professionals. This is good. Knowledge is power.
But so is experience.
And yet so often, we see a lackadaisical attitude when it comes to choosing between Colorado Springs real estate agents because the rise in information gives many people unfounded confidence. Potential home buyers or sellers often think, “What does it matter? I know what I need to do to sell my home in Colorado Springs. I just need someone to do the paperwork.”
So they find their 2nd cousins’ friend that just got their license, practicing on the side and strike a deal to list their home for a discounted commission rate.
Discounted rates are one thing. But “discounted results” are another.
Make sure you find the best real estate agent in Colorado Springs for your home buying or selling needs. Don’t get buried in the frustrations that an inexperienced or ineffective agent can cause.
Here are 7 warning signs that this agent may not be the best for your Colorado real estate needs.
Red Flags to Heed for Real Estate Agents in the Springs
- A lower commission rate
Yes, we know…you want to get as much as possible from your home sale. We truly do understand! But too often we have seen homeowners turn to us in frustration after having tried the for-sale-by-owner route or the discounted-rate route. Unfortunately, all this tends to do is decrease the traffic to your home. Fewer agents will show the house if they know that their commission will be considerably less or even non-existent.
- A relative or close friend
Ask the gurus…rarely do business transactions work well with close friends or family. There are simply too many unspoken expectations with too little pressure for performance. And when a relationship is involved, you’ll feel less likely to speak up about frustrations or concerns. That will only breed resentment in you and potentially guilt (or resentment) in the agent.
- A slow response time initially
Most often, the fastest response time you’ll receive in any business transaction is the one following your initial interest. However, if you contact a Colorado Springs real estate agent and have to wait a few days for a response, consider that a major red flag! If it takes them that long to respond to the potential of getting a job, think how slow they maybe once they already have a contract signed.
- Different expertise or property type
If you begin to discern language that suggests your agent may deal in highly specialized real estate (commercial or luxury listings) and you’re looking to rent a simple 2-bedroom townhome, you may want to stay clear. Chances are, you’ll be the “little guy” to that agent and receive very little attention.
- A part-time gig
Find out if the real estate agent in the Springs that you’re interviewing does it on the side or full-time. If they only practice part-time, you may find yourself frustrated with limited hours of availability and slow response-time to act. In the current Colorado Springs real estate market, it’s imperative that your agent is able to act immediately on leads and possibilities.
- From the other side of town
Colorado Springs is growing quickly, and with its wide swath of suburbs, comes a complex variety of markets. Make sure your agent knows your neighborhood. For example, if the agent you’re considering only deals in neighborhoods far north of Colorado Springs, he or she may struggle to understand the unique challenges with selling a home in Fountain, CO. Notice signs and ask around your neighborhood to find an agent that deals often in your area.
- Wants to list for the highest price
This may sound appealing to you at first, but when your home is listed too high, buyers will stay away and the house will sit on the market, forcing you to decrease the price after having lost out on many potential buyers. An agent that suggests a high cost compared to other agent’s pricing, either 1) don’t understand the market or 2) cares only for a hefty profit. Either way, you want to stay clear of such an agent in Colorado Springs.
But if you’re interested in what you can expect from a quality Colorado Springs real estate agent, download our quick starters guide for buying or selling a home in Colorado Springs. We’ll walk you through what to expect when you work with the Krakofsky Team Realty and give you more tips on the entire real estate process.
Call us today for immediate access to one of our experienced agents!