What Makes a Good Real Estate Agent?
If you are looking to buy or sell a house, then you definitely need a professional real estate agent who can facilitate and close the deal for you. Your real estate agent is the one who can make or break your deal, that’s why it’s really important to choose a real estate agent whom you can trust. But what makes a good real estate agent?
Well, in this blog, we will take a look at the traits and qualities that make a real estate agent successful. From being empathetic and transparent to having negotiation and problem-solving skills, we will discuss everything that makes an ideal real estate agent.
So, let’s begin:
10 Traits that Make a Good Real Estate Agent
A Solid Personality with Strong Communication Skills
There is a famous quote by Oscar Wilde that says, “It's beauty that captures your attention; personality that captures your heart.”
The job of a real estate agent is very busy and demanding, and he has to interact with people on a daily basis. Therefore, he must have a solid personality that can catch anyone's attention without being intrusive.
A professional real estate agent knows how to dress properly to add elegance to his personality. Moreover, he must possess excellent communication and presentation skills along with positive thoughts that can help him gain the confidence of his clients.
Even as a client, you will also find it easy to work with a real estate agent with a positive attitude, as he will make you feel valued and listened to.
Understanding of the Local Housing Market
You can’t really trust a real estate agent who doesn’t have a deep understanding and experience of the local housing market.
When buying a house, there are more than a dozen things to consider and only a real estate agent with local housing market experience can help you analyze and make the right decision.
A real estate agent needs to be as good as Google Maps. He must know everything not only about the house but also about the local amenities and neighborhood.
Moreover, he should understand the local market dynamics, such as supply and demand. So that he can base his analysis on those and suggest a reasonable price to his client for buying or selling a house.
That’s why you should always trust an agent with a real estate license because he is well-versed in property valuation techniques and market analysis.
Knows How to Network and Build Relationship
Being a real estate agent is all about making connections with clients and then turning those connections into relationships.
One can’t be a good real estate agent if he doesn’t know how to impress people and win their hearts. Moreover, he has to be a good listener. Someone who listens to his clients and understands what they want.
That’s why ambivert people are more likely to become good real estate agents because they are not only good listeners and communicators, but they also feel comfortable in social settings.
Ability to Adapt & Innovate
The real estate market dynamics change quite rapidly, and real estate agents also need to adapt to these changing market dynamics to stay relevant.
Real estate markets are highly influenced by economic conditions, interest rates, and government policies. So, a real estate agent needs to be informed about what’s happening and what might be going to happen. Moreover, he must be able to adjust his strategies based on market sentiments and trends.
The ability to innovate is also something that helps a real estate agent stay ahead of the curve. Embracing technological advancements such as 360° virtual tours and drone photography significantly helps a real estate agent to market a property more effectively.
Being Transparent & Honest
Most real estate agents only care about their commissions, and they will only talk about the good. However, a good real estate agent is someone who believes in honesty and transparency.
The most important trait of a good real estate agent is that he always puts his clients first before his own interest. Even if he is losing his commission, he won’t suggest or force you to do a bad deal.
A good real estate agent will sometimes tell you things that you might not want to hear. For instance, if you really like a house and want to buy it but the price is more than what it should be then he will tell you that it’s not worth the price you are willing to offer.
Empathetic Nature
Buying or selling a real estate property is an emotional experience altogether that’s why you need your real estate agent to be someone who is empathetic.
A good real estate agent understands that buying a house is not just about a piece of land. His client has worked for decades to finally get his dream home. So, he must be able to feel the emotional challenges that his client is facing.
Moreover, he needs to do whatever is needed to support his clients mentally and emotionally. An empathetic real estate agent listens attentively to his clients' concerns, preferences, and desires to make sure they feel heard and understood.
Knows How to Protect the Interests of His Clients
It’s the primary duty of a real estate agent to act in his client’s best interests, and he is typically bound by legal obligations. However, not all real estate agents prioritize their clients' interests over their own.
A good real estate agent will always protect the interests of his clients. He will always try to find the most ideal homes for his clients at the lowest prices using his experience and negotiation skills.
Not only he will offer his honest advice on pricing but will also handle the paperwork and other legal procedures to guide his clients through the entire buying or selling process. In addition, he will disclose any conflicts of interest to ensure all transactions are transparent.
Ability to Overcome Challenges & Solve Problems
Every client comes to a real estate agent with a challenge. Either he needs help with buying a house or selling it. A good real estate agent's primary job is to help his client in overcoming that challenge.
While the core challenge might seem the same, buying or selling a house, the specifics often vary greatly. One client might have a strict budget when buying a house, while another might need to sell his house quickly. So, each situation requires a different approach.
A successful real estate agent must be comfortable with this constant problem-solving. This often involves thinking outside the box and coming up with creative solutions. For instance, if a client has a tight budget, a real estate agent needs to find homes that are slightly below the budget and then negotiate for upgrades or repairs.
Moreover, the real estate agent needs to stay calm, especially when unexpected challenges arise. This might include dealing with a sudden market shift, negotiating with difficult buyers or sellers, or handling last-minute issues with paperwork.
Attention to Detail
A good real estate agent needs to have a keen eye for detail. This is particularly important, no matter if you are comparing housing prices, reviewing contracts, or considering your client’s wish list.
Paying attention to the little things helps in ensuring that real estate agents make better decisions and avoid costly mistakes.
When comparing housing prices, a detailed approach helps real estate agents understand the market better. Agents will be able to spot trends, recognize good deals, and offer accurate advice to help their clients get the best value for their money.
Reviewing contracts is another area where attention to detail has a part to play. Real estate contracts are full of fine print that can have significant implications. By carefully reading and understanding every clause, a real estate agent can protect his clients from pitfalls while ensuring their interests are safeguarded.
Master the Art of Negotiation
If someone wants to be an average real estate agent, he just has to help his clients in buying or selling houses but if he wants to be one of the best real estate agents, he needs to master the art of negotiation.
Negotiations are part of a real estate agent’s job but not many agents use their negotiation skills to get better deals for their clients. It’s because they undermine the power of negotiation and don’t know how it can benefit both them and their clients.
For instance, a client is willing to sell his house in South Carolina for $700,000, but his real estate agent gets him a deal for $750,000 using his exceptional negotiation skills.
Since the client hired a professional real estate agent, he ends up having more money in his pocket which he won’t get otherwise if he hired a real estate agent who doesn’t know how to put his negotiation skills into action.
