Before you start looking for a realtor, you need to understand what representation actually is. For those who are looking at selling their home, there are seller’s agents. For purchasing properties, on the other hand, you need a buyer’s agent. Whether you choose a buyer’s or seller’s agent, they have a legal duty to represent you as soon as you sign a contract.
Ask about to see if you know someone that can recommend a realtor. However, don’t let your decision weigh solely on their opinion. Spend some time properly researching as well. You must ensure that you find a realtor that specializes in your field of interest. If you have a $200,000 budget, for instance, then you shouldn’t work with a realtor that sells $2 million properties. Do make sure you actually speak to a realtor you are considering. Ask anything that is relevant, such as how they will represent you, what they can do for your, what experience they have, how much they cost and so on. You need to make sure your realtor understands your expectations. It is important that they understand your needs. Finally, you need to actually like your realtor. You cannot trust someone you don’t like, after all. The last thing is that you need to find someone that is very experienced. Most of us would like to help people to get their foot in the door and climb the professional ladder, but it can be hard to trust someone inexperienced when you are talking about thousands of dollars.
If you want to buy a property, do not work with the realtor whom the seller has employed. This is because that realtor would be legally obligated to tell their other client your highest budget and other information that could damage your negotiation position. If you hope to sell your property, you also shouldn’t work with the realtor representing the opposing side. You should work with someone that represents just you. To start your search, ask people you know whether they have any recommendations. Another place to look for a good realtor is the NAR (National Association of Realtors. Finding a NAR realtor means that you are guaranteed to be represented ethically and professionally. You should always try to contact different realtors before choosing one. Explain your needs and ask what they suggest. Doing so will make sure that you can learn how much a realtor knows about prices, neighborhoods and so on. If you want to sell your home, find out how the realtor has done in the past. Do they usually sell under, on or over the original asking price?
Hopefully, this information will have helped you to find the best realtor for your needs. Never underestimate how important it is to work with a realtor, whether you are buying or selling. 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.