There is lots to think about if you want to buy or sell a home. Yes, we can do most things online now, but it is still recommended to work with a real and good realtor. Let’s explore some of the things you should and shouldn’t do when picking a realtor.
Firstly, you should find out how experienced your realtor is. Usually, those with the most experience tend to deliver the best service. If you can, try to find a realtor who has worked all the way through the economic crisis and still works now. However, you also have to make sure that they have experience pertinent to your own needs. For instance, the needs of a first time buyer are very different from the needs of a national property developer. 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, however, your interests lie in historic or listed buildings, you will need a very different type of realtor.
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 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.
In most cases, if you want to sell your property, your agent will require you to sign an exclusivity agreement. 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. The contract, essentially, just means that you can only work with a single realtor at the same time. Buyers, on the other hand, usually do not have to sign these contracts. However, there are now more and more realtors who do request it. Last but not least, you need to understand the way realtors earn their living. Realtors can earn their money in a variety of 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 realtor, therefore, you must understand which one of the two constructions they work with.