It isn’t as easy as it may seem to buy or sell a home. As much as we can do things online now, it remains incredibly important to work with a good realtor. Hence, let’s take a look at a few of the things to be aware of when choosing your realtor.
You should always ask others for recommendations. However, don’t let your decision weigh solely on their opinion. Spend some time properly researching as well. Make sure you find a realtor that has a specialization in the properties you are interested in. If you are hoping to buy a penthouse, for instance, you shouldn’t go to a realtor that focuses in suburbia. Do make sure you actually speak to a realtor you are considering. Make sure that you ask things such as how they will represent you and work for you, how much they cost, what their experience is and more. Also discuss your expectations with your realtor. You have to make sure that your needs are clear. Finally, you need to actually like your realtor. You cannot trust someone you don’t like, after all. Finally, do work with a realtor that has a lot of experience. It is nice to help people who are just starting, but considering the thousands of dollars involved in realty, you want someone who is able to handle that properly.
If you want to buy a property, do not work with the realtor whom the seller has employed. By law, the realtor will have to pass on any information you give to the seller as well. Similarly, if you want to sell, you also need a different realtor. What you need is a realtor that only works with you. Firstly, ask your friends and others whether they can refer you to a realtor. You can also contact the NAR (National Association of Realtors) in order to find a professional for you. If a realtor has a NAR registration, you know that they will be highly professional and ethical in their business dealings. Don’t choose the first and only realtor you speak to, however, but look around at a few different ones first. When you speak to them, be clear on your needs so they can make suggestions. These conversations can help you determine just how much a realtor knows about a specific neighborhood, house prices and so on. As a potential seller, looking into the track record of the realtor. Do they usually sell under, on or over the original asking price?
In most cases, if you want to sell your property, your agent will require you to sign an exclusivity agreement. This is a common procedure but it does not mean you lose any rights. If, for instance, you feel that the representation you are receiving is not proper, you able to terminate the contract. All the contract really prohibits is for you to work with more than one agent at the same time. As a buyer, you do not have to sing such an agreement. However, there is a changing facing in the world and many now ask their buying clients to sign a contract as well. Last but not least, you need to understand the way realtors earn their living. There are a number of constructions realtors can use. In most cases, realtors will work by charging a commission on the final sale or purchase price of a property, but there are also those who charge a flat fee. It is vital that you know which one of the two constructions your potential realtor uses before you decide to sign your contract with them.