When you’re facing a large financial decision, you should weigh your options.
It’s very wise to work with a top professional when you’re thinking about buying or selling a home.
In fact, most buyers and sellers prefer to work with a top professional in their field.
When you have a family member or relative that gets their real estate license, it may seem easy and best to go with someone who you’ve already established a relationship with.
But, it’s not uncommon for real estate transactions to not proceed as planned.
Real estate transactions rarely go as smoothly as we’d like them to.
When you also include a family member, it can feel very easy to make a transaction that already feels stressful even more so.
Here are 3 statements to consider before you decide to hire a family member or relative as your real estate agent.
Prefer video to text? Watch the video below for a brief synopsis.
Does the person run a successful business already?
Do you want to work with a family member that just happens to have their real estate license?
Or do you want to work with a professional that has actually been in real estate, and has built a large, successful business?
Is the family member or relative doing real estate part time? Do they really know what they’re doing?
Are they really going to achieve the high level results that you would get from a professional?
With the biggest transaction of your life, you want to make sure that you have someone who is a full-time real estate professional.
Someone who has built a successful real estate business will already have a network in place.
There are multiple professionals involved in a real estate transaction.
A strong real estate agent will also have a strong network of trustworthy professionals that will help you create a smooth transaction.
Will the family member be brutally honest with you?
Is that family member going to consider the transaction and your ultimate goal over your feelings and the relationship?
If you’ve received feedback about your home that’s costing you a sale, is that family member going to have that tough direct conversation with you?
Or are they going to be more concerned about being your friend or being your family member?
Even if you happen to have someone who you believe will be direct and have tough conversations you’d think you’d be in the clear to hire them.
But, that’s not always the case.
A family member or relative may be more willing to do what they believe is in your best interest even if it’s not what you want.
That might look like recommending that you overbid on a property because they want you to have a specific house or even not showing you a specific home without a playroom because they believe it doesn’t fit the future they’d like for you to have.
The Buying or Selling Process Can Be Intense
What if something goes wrong?
You know, are you willing to jeopardize that personal or family member relationship?
If something really goes sideways and doesn’t work out?
Sometimes it’s easier to have that conversation and deal with that when it’s purely professional, and you’re dealing with another agent, not a family member.
Buying or selling real estate can get intense. Moving is one of the most stressful times for people.
If it’s important to preserve the relationship you have with them, it might be best to go with a different professional.
If for some reason you need to fire your agent, it will be very difficult to do that when the real estate agent is your family member.
Those are some things to think about. If you want a second opinion or have questions about selling or even buying right now.
We’d be glad to answer those for you. You can contact us for a zero pressure consultation by clicking here. Have a great week. We’ll talk to you next time.