It is always a good idea to enlist the services of a realtor, whether you are buying or selling. Many of us know people who work in real estate, but they may not be the best ones to represent your needs. Let’s take a look at the two most important things you need to know about when you choose a realtor.
First, you need to look into your realtor’s experience. Usually, those with the most experience are also the best ones. If you find someone who was operating before the financial crisis and is still in business today, you are on to a really good one. You also need to make sure that the experience they have is relevant to you. For example, if you are trying to become a property investor, your needs will be very different than if you are looking to downsize after retirement. The second important thing is that they understand your demographic requirements and are able to deal with those. 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, on the other hand, you want to purchase a listed building or a historic property, you will need someone that has a very different type of experience.
The other very important thing to look into is reputation. It is easy enough to find a realtor that has a really bad name, unfortunately. Luckily, a few tools are available to you in order to find a good realtor. Make sure you review the realtor you are considering through the Better Business Bureau. Do make sure you also use social media to your advantage. It is very difficult to censor anything that appears on social media, meaning you can easily get your hands on honest reviews. Make sure you also speak to people you know and find out whether they have an opinion on the matter. Do make sure, however, that you look into any complaints you here and how these apply to you, and whether the realtor has been able to resolve them satisfactorily.
Usually, seller’s realtors will ask you sign an exclusive agreement with them. 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. All it means is that you are only able to work with a single agent at the same time. Buyers, on the other hand, usually do not have to sign these contracts. 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. Different realtors do this in 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. Before you agree to work with a specific realtor, you have to find out which type of payment construction they opt for.