It is always a good idea to enlist the services of a realtor, whether you are buying or selling. Many of us know people who work in real estate, but they may not be the best ones to represent your needs. Let’s take a look at the two most important things you need to know about when you choose a realtor.
First of all, always ask for recommendations. However, don’t let someone else’s opinion be the determining factor. Hence, you need to do your research. Make sure you find a realtor that has a specialization in the properties you are interested in. If you have a $200,000 budget, for instance, then you shouldn’t work with a realtor that sells $2 million properties. Always take the time to interview a potential realtor. Ask anything that is relevant, such as how they will represent you, what they can do for your, what experience they have, how much they cost and so on. You also have to make sure that your expectations are made clear to your realtor. It is important that they understand your needs. The last thing you need to do is make sure that you actually like your realtor on a personal level. If not, you will find it hard to trust them. Finally, do work with a realtor that has a lot of experience. Most of us would like to help people to get their foot in the door and climb the professional ladder, but it can be hard to trust someone inexperienced when you are talking about thousands of dollars.
If you want to buy a property, do not work with the realtor whom the seller has employed. This is because that realtor would be legally obligated to tell their other client your highest budget and other information that could damage your negotiation position. Similarly, if you want to sell, you also need a different realtor. You should be looking for a realtor that only represents your needs. To start your search, ask people you know whether they have any recommendations. Another place to look for a good realtor is the NAR (National Association of Realtors. The greatest benefit of working with a NAR agent is that you know they are both professional and ethical. You should always try to contact different realtors before choosing one. When you speak to them, be clear on your needs so they can make suggestions. This will give you a general idea of just how familiar the agent is with prices and neighborhoods, for instance. If you want to sell, you also need to know what the realtor’s track record is. Do they usually sell under, on or over the original asking price?
The information above has been designed to help you choose a good realtor. It is their goal to ensure you are able to find the home you are looking for. Hence, it is vital that you find someone that you believe will do their job properly.