When it comes to buying or selling a property, you should always work together with a good realtor. Although most of us know at least one person who works as a realtor, don’t be tempted to automatically go to them as they may not be the best to represent your needs. Let’s take a look at two important things to ask in order to find out which realtor is best for you.
The experience of your realtor is perhaps the most important thing. The more experience they have, the better they are likely to be. The best ones are the ones who started working before the economic crisis and are still going strong. Next, make sure that the experience they have is relevant to your own needs. After all, if you are looking to move up the property ladder due to family expansion, your needs will be very different than if you were to look for a first home for your college-going child. You also need to know that your realtor understands your demographic and geographical requirements. For example, if you want to become a rancher, you need to find a realtor that is able to understand the different types of land, how it has been produced and what the homestead is like. If, however, your interests lie in historic or listed buildings, you will need a very different type of realtor.
Once you have looked into experience, you must review the realtor’s reputation as well. Many realtors have a very bad name, and for good reason. Luckily, you can also find information that tells you which realtors do have a good reputation. Be sure to check the Better Business Bureau in terms of finding out how good the realtor is. Social media is another very important tool. The strength of social media lies in the fact that it is very hard to censor. Also, you may be able to get advice on the matter through people you know. If you do hear a complaint, however, make sure you find out whether that is a relevant complaint to you, and how the realtor reacted in response to the complaint.
If you are selling, you are likely to have to sign an exclusive realtor agreement. It is a very normal thing to do but you still have most of the same rights. If, for example, you feel you are being poorly represented, you are allowed to terminate the contract. The contract, essentially, just means that you can only work with a single realtor at the same time. As a buyer, you do not have to sing such an agreement. However, some realtors are starting to insist on it. The final thing you must look into is how your realtor earns their living. Realtors can earn their money in a variety of different ways. Although there are a few realtors who charge a flat fee, the majority of them will work on commission. 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.