by Patrick YoungIt is no secret that having a home is one of the most significant investments in one’s life. Whether you’re selling a home or buying a home, you need to be sure you are
How To Choose The Right REALTOR®
Dated: June 8 2020
by Patrick Young
It is no secret that having a home is one of the most significant investments in one’s life. Whether you’re selling a home or buying a home, you need to be sure you are dealing with the right professional for the job. Finding the right Realtor makes a huge a difference regarding how fast you can sell a house or find a home of your dreams to buy, the price you receive or pay as well ensure a smooth transaction process.
But with millions of seasoned real estate agents out there, how do you choose the right Realtor for your needs?
Well, finding the right match is not as difficult as most people believe. Here are six tips that can help you make the right decision.
1. Conduct a market research
Begin by asking your family, friends, neighbors and even co-workers for referrals around your area. For instance, if you live in California, chances are that some of them have a rich experience in selling or buying homes here, and hopefully, you will get names of particular agents that keep being mentioned. Be sure to probe whether they were happy with the service and whether they would use the Realtor again.
You can also conduct a search by gathering opinions from various real estate professionals in your locality. If you know someone working in the real estate sector the better- he or she will be of great help by recommending a good realtor based on your area of interest.
In case you fail to get a recommendation, you can consider going online. You can easily find realtors who advertise themselves in various online platforms. Remember to check their ratings and reviews. What people in your area are saying about a particular agent is always a great sign of what to expect.
2. Conduct interviews
Now that you have done your background search, and you have identified a few Realtors whom you think might be suitable based on your referrals and their local reputation. Proceed to ask them the right questions and compare their responses.
Are they licensed? Do they have sufficient knowledge and experience about the property, the location and transactions in real estate? What is their specialty? You may also ask them to put you in contact with some references to ascertain if they are well equipped to handle your unique needs.
3. Consider between a buyer’s broker and a conventional Realtor
Using the right type of Realtor will save you a lot of trouble. Unknown to buyers, a majority of Realtors legally work for the interests of the seller, and in return make their commission. Consequently, they are not only keen to sell a house quickly but also for the highest price possible.
If you a buyer, you are likely to get a better deal from a buyer’s broker, whose main work is to represent a buyer’s interests. And since they are working for your interests, they will do their best to find a home that meets your needs. However, you will need to pay them either a commission based on the cost of the home or an hourly fee.
4. Concentrate only on your price range
Whether you are selling or buying a home, it is essential you stay within your price range. Suppose you intend to buy or sell a house that costs $20,000 to $30,000, it is advisable to check the listing of real estate in the local dailies to help you determine the right Realtor who operates within that range. Furthermore, a realtor who deals with expensive homes may not have enough knowledge of the houses available within your price range.
5. Agree with your Realtor on expectations
Ask your Realtor to prepare a marketing plan with step by step details regarding how they’ll help you buy or sell your home.
A great Realtor will always offer professional advice on how to introduce your home to the market and direct you to potential buyers. Also, if you want to buy a house, ensure that you are familiar with the process your agent will use to give you the necessary listings.
6. Check for personality match with your Realtor
Once you have settled on the Realtor with the right expertise and qualifications, narrow down to their personality. Are they trustworthy and confidential? Regardless of whether you want to buy or sell a home; you’ll need to ensure that the realtor you’re dealing with is a person you feel is comfortable to work with. After all, you are likely to spend several months working with them.
All said and done, remember realtors are different and finding the right realtor who suits your needs can make a big difference. In your next transaction, try the tips we discussed herein and share your experience with us in the comment section below. Also, if you are looking to buy or sell home and you are looking for professional assistance, feel free to contact us here.