Ed Sarfo is a licensed real estate broker and loves his chosen field. He is a people person and finds joy when he sees the smiling faces of happy clients. But not all real estate professionals are like Ed Sarfo. It is important to know what to look for and what to avoid when choosing a real estate broker. Identifying some warning signs or red flags may help you avoid a bad situation in the real estate market.
- The agent does real estate on the side or part time. Whether you are buying or selling, it is important to have an agent that is actively involved in real estate and makes it their priority. If you are selling, you want to list with and agent that is readily available to meet prospective buyers. If you are buying, you want to make sure the agent can jump on new listings and show them to your quickly.
- The agent doesn’t know the real estate market in your neighborhood. This is especially important for areas that are in high demand or where moving a block or two can mean a significant price difference. Finding a local expert will ensure they are tapped into the market and may know about listings before they are even on the market.
- The agent suggests too high of a price to sell your home. Although you want to make the most money possible when selling your home, it is important to be realistic. If an agent suggests a price that is well above comparable homes in the area or the appraisal value or doesn’t want to explain how they determined the asking price; they may not be the right agent. This could lead to your home staying longer on the market than necessary and could result in a lower price in the end.
Ed Sarfo is very familiar with the real estate market in the Lexington area.