April 19, 2011 11:31 am
RISMEDIA, April 19, 2011--When choosing a REALTOR for your real estate needs, it's important to find one who will always have your best interests in mind. A dependable and knowledgeable agent can save you time, money and headaches. Your road to success depends on your ability to find the person for the job. Here are a few key tips to finding the right REALTOR for you:
A good rapport is key. Since your REALTOR will be helping you make one of the biggest decisions and transactions of your life, having good chemistry with them is important. You need to generally like the person you are conducting business with because there is no doubt that you'll be spending lots of time communicating with him or her. Communication should be easy and reliable, meeting the standards of both parties. If you find you are uncomfortable with an agent for any reason, it may be time to find a new one.
Keep your eye on conflicts of interest. A large red flag: an agent who only steers you to their own office's listings. Beware of dual agents as well. One who works for the buyer and the seller is legally obligated to report back to the other party. With these types, you must be careful what you say, as anything could weaken your negotiating position. Try to eliminate any trace of conflict in your transaction.
A proven track record and proper credentials are things you should look into before agreeing to go through an agent. The agent should be licensed by your state, meeting minimum levels of education, training and testing. Also, look into what extra designations the REALTOR has, such as CRS (Certified Residential Specialist) or GRI (Graduate REALTORS Institute). How many homes did the agent sell or find for buyers in the previous year? All of this information could be a make or break for your decision to use them as your real estate professional.
Don't hesitate to interview different agents. In addition to questions regarding credentials, ask questions like the following: How long have you been working in residential real estate sales? Is it your full-time job? How many days does it take you to sell the average home? How close to the initial asking prices of the homes you sold were the final sale prices? By interviewing potential agents, you can get a better feel of their work practices and successes and better judge whether or not you want to work with them.
Neglecting to carefully select your real estate professional is a rookie mistake any buyer and seller can easily avoid. With the right agent, you can set yourself up for success when buying or selling a home.
Sources: Mortgageloan.com, Reuters, National Association of REALTORS