If you want to purchase a property or sell your own, you should consider hiring the services of a realtor. You may have a friend or relative who works in real estate, but before you automatically turn to them, you will need to think whether they truly are the best for you. Let’s review two issues of importance when it comes to choosing a realtor.
First of all, always ask for recommendations. However, don’t let someone else’s opinion be the determining factor. Make sure you do your research therefore. You must ensure that you find a realtor that specializes in your field of interest. You shouldn’t look for someone that sells apartment blocks if you are looking for a beach house. Next, make sure you speak first to potential realtors before you hire them. 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. You need to make sure your realtor understands your expectations. Your realtor must understand your needs. The last thing you need to do is make sure that you actually like your realtor on a personal level. The reality is that you will struggle to trust someone who you don’t like. Last but not least, try to work with the realtor with the most 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.
You need to not only look into experience, but also into reputation. Unfortunately, a lot of realtors have a very poor reputation. Luckily, you can also find information that tells you which realtors do have a good reputation. The Better Business Bureau website is one really good tool to tell you how well they have operated in the past. You can also use social media to your advantage. It is almost impossible to hide an opinion, good or bad, once it has appeared on social media. Also, you may be able to get advice on the matter through people you know. But remember to always consider whether any complaints are relevant to you and see how they were resolved.
Usually, seller’s realtors will ask you sign an exclusive agreement with them. This is a common procedure but it does not mean you lose any rights. For example, if you realtor does not represent you properly, you can always terminate the contract. All it means is that you are only able to work with a single agent at the same time. You are not obliged to sign this type of contract if you want to buy. However, some realtors are starting to insist on it. Finally, you must work out just how your realtor makes their money. Realtors can earn their money in a variety of different ways. 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. You need to work out which of the two constructions your realtor will use before you agree to work with them.