The concept of representation is very important to understand before you look for a realtor. Those who want to sell a property may need a specialized seller’s agent. Those who want to buy, however, are looking for a buyer’s agent. As soon as you have signed a contract with one of these agents, they have a legal duty to represent you properly.
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 have a $200,000 budget, for instance, then you shouldn’t work with a realtor that sells $2 million properties. Do make sure you actually speak to a realtor you are considering. Ask how they will represent you, what they cost, whether they have references and so on. You also need to talk about your expectations. They must understand your needs. Finally, make sure that you actually get along with your realtor. The reality is that you will struggle to trust someone who you don’t like. 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.
There are also some things you absolutely shouldn’t do. Do not work with a realtor who is a friend or a member of your family. This would represent a huge conflict of interest and it could also mean that you struggle to be honest with each other. Also, your relationship could be tainted if things don’t work out. Don’t work with a realtor who has dual responsibility, meaning they represent both you and the other party. Don’t be afraid to go to a new realtor if you’re not happy with the service. If you do decide to go elsewhere, however, do so in a respectful manner. Don’t tell realtors that you will definitely work with them unless you are sure yourself. You need to be honest with them and tell them at which stage you are. Honesty is the best policy and you expect honesty from them, so you need to return that courtesy.
With the above two tips, you should be able to find the realtor who best represents your needs. The services of real estate agents should be employed whether you are buying or selling. One of the main things they are aware of is when the best time to buy and sell is, and this could end up saving or making you thousands.