It is always a good idea to enlist the services of a realtor, whether you are buying or selling. 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 review two issues of importance when it comes to choosing a realtor.
Firstly, you should find out how experienced your realtor is. Usually, realtors with more experience are also better at their job. The best realtors got into the business before the recent economic crisis and are still working today. However, you also have to make sure that they have experience pertinent to your own needs. Someone who wants to flip properties, for instance, will have very different needs to someone who wants to find a home to raise a family in. 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 example, those who want to purchase a ranch will need a realtor that understands soil conditions and production methods and who can also look into the homestead that comes with the ranch. 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.
Once you have looked into experience, you must review the realtor’s reputation as well. It is easy enough to find a realtor that has a really bad name, unfortunately. There are a number of tools at your disposal to find a good realtor, fortunately. Be sure to check the Better Business Bureau in terms of finding out how good the realtor is. 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. Do also ask the opinion of people you know. 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. This is completely normal, but it doesn’t mean you don’t have rights. If, for example, you feel you are being poorly represented, you are allowed to terminate the contract. All the contract really prohibits is for you to work with more than one 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. Realtors have to earn a living and you need to understand just how they do that. 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. Before you agree to work with a specific realtor, you have to find out which type of payment construction they opt for.