When it comes to buying or selling a property, you should always work together with a good realtor. You may have a friend or relative who works in real estate, but before you automatically turn to them, you will need to think whether they truly are the best for you. Let’s take a look at the two most important things you need to know about when you choose a realtor.
Your realtor’s experience is one of the most important things to look into. Usually, those with the most experience are also the best ones. The best ones are the ones who started working before the economic crisis and are still going strong. You also need to make sure that the experience they have is relevant to you. 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. Secondly, you need to find out how your realtor can help you in terms of your demographic and geographical needs. For instance, if you want to purchase a farm, you need someone who has the right contacts to look into the condition of the land, previous production methods and the homestead itself. Should you be interested in purchasing a property that is historic or listed, for instance, you will need the services of someone very different.
A number of things should be avoided as well. Don’t choose a realtor that you know as a friend or a relative. This would cause a significant conflict of interest, meaning you will struggle to have an honest business relationship. Additionally, there is a chance you will endanger your relationship if you are not entirely happy with the end result. Also avoid dually responsible realtors, meaning they represent both the buyer and the seller. If things go wrong, then don’t be afraid to walk away and find a different realtor. Of course, do make sure you do this respectfully. Do not tell any realtor that they will represent you if you are only asking for information. Always honestly tell them at which stage you are. Honesty is the best policy and you expect honesty from them, so you need to return that courtesy.
It is hoped that the information above will assist you in finding the best possible realtor. Whether you want to buy or sell, you should always work with a realtor. One of the most important things they will be able to help you with is identifying the best time to buy or sell, and this information could save or make you a lot of money.