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 take a look at the two most important things you need to know about when you choose a realtor.
Ask about to see if you know someone that can recommend a realtor. However, don’t let your decision weigh solely on their opinion. Hence, you need to do your research. Make sure you find a realtor that has a specialization in the properties you are interested in. You shouldn’t look for someone that sells apartment blocks if you are looking for a beach house. Always take the time to actually speak in person to a realtor you may choose. Ask how they will represent you, what they cost, whether they have references and so on. You also need to talk about your expectations. It is important that they understand your needs. The last thing you need to do is make sure that you actually like your realtor on a personal level. After all, without a personal liking, there will be no trust either. Last but not least, try to work with the realtor with the most experience. It is nice to help people who are just starting, but considering the thousands of dollars involved in realty, you want someone who is able to handle that properly.
Besides experience, you also need to look into reputation. Unfortunately, a lot of realtors have a very poor reputation. Luckily, you can also find information that tells you which realtors do have a good reputation. Don’t forget to go to the Better Business Bureau website to find out how well a certain realtor has performed in the past. Social media is another very important tool. People leave comments and reviews through social media that are hard to ignore or hide by companies, so this is a great way to get an honest opinion. Also, you may be able to get advice on the matter through people you know. If you do hear a complaint, however, make sure you find out whether that is a relevant complaint to you, and how the realtor reacted in response to the complaint.
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. If, for instance, you feel that the representation you are receiving is not proper, you able 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, it is becoming more commonplace for a realtor to ask for exclusivity. Last but not least, you need to understand the way realtors earn their living. Different realtors do this in different ways. Most commonly, they work on commission although there are also some that 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.