Buying or selling a home requires a lot of forward thinking. We live in a digital age where almost everything is completed online, but do still choose to work with a realtor. Let’s review a few things to know about picking a realtor.
First, you need to look into your realtor’s experience. Usually, realtors with more experience are also better at their job. 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 do have to ensure they have experience that is relevant to your personal needs. For instance, the needs of a first time buyer are very different from the needs of a national property developer. You also need to know that your realtor understands your demographic and geographical requirements. For instance, if you were to purchase a farm, you need to work with a realtor that is very different from one that only works with apartments in major cities, as your requirements will be very different. Should you be interested in purchasing a property that is historic or listed, for instance, you will need the services of someone very different.
Besides experience, you also need to look into reputation. There are many realtors out there who quite deservedly have a very bad name. There are a number of tools at your disposal to find a good realtor, fortunately. The Better Business Bureau website is one really good tool to tell you how well they have operated in the past. Do make sure you also use social media to your advantage. It is almost impossible to hide an opinion, good or bad, once it has appeared on social media. Also, you may be able to get advice on the matter through people you know. But remember to always consider whether any complaints are relevant to you and see how they were resolved.
If you are selling, you are likely to have to sign an exclusive realtor agreement. This is a common procedure but it does not mean you lose any rights. For instance, if you are unhappy with the service, you are within your rights to terminate the contract. The contract stops you from enlisting the services of a different agent at the same time, but is otherwise non-restrictive. If you want to buy a property, on the other hand, you don’t have to sign such a contract. However, some realtors are starting to insist on it. Last but not least, you need to understand the way realtors earn their living. There are a number of constructions realtors can use. Although there are a few realtors who charge a flat fee, the majority of them will work on commission. You need to work out which of the two constructions your realtor will use before you agree to work with them.