Whether you are looking at buying or selling a property, it is always advisable to work with a very good realtor. Many of us know people who work in real estate, but they may not be the best ones to represent your needs. Let’s review two issues of importance when it comes to choosing a realtor.
First, you need to look into your realtor’s experience. Usually, those with the most experience tend to deliver the best service. 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 thing you need to know if how much of an expert they are in terms of the geography and demographics you require. For instance, if you want to purchase a farm, you need someone who has the right contacts to look into the condition of the land, previous production methods and the homestead itself. 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.
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. In the same manner, if you want to sell, you shouldn’t work with your potential buyer’s realtor either. 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. You should always try to contact different realtors before choosing one. When you speak to them, be clear on your needs so they can make suggestions. Doing so will make sure that you can learn how much a realtor knows about prices, neighborhoods and so on. As a potential seller, looking into the track record of the realtor. You need to find out their track record in terms of selling above or below the asking price.
Hopefully, this information will have helped you find the right realtor for you. Their role is to make sure you find the property of your dreams. This is why it is so important to only work with someone that will truly do their best for you.