There is lots to think about if you want to buy or sell a home. We live in a digital age where almost everything is completed online, but do still choose to work with a realtor. Hence, let’s take a look at a few of the things to be aware of when choosing your realtor.
Your realtor’s experience is one of the most important things to look into. 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. 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 were to purchase a farm, you need to work with a realtor that is very different from one that only works with apartments in major cities, as your requirements will be very different. If, however, your interests lie in historic or listed buildings, you will need a very different type of realtor.
Take note also of some things that should not be done. Do not work with a realtor who is a friend or a member of your family. This would represent a huge conflict of interest and it could also mean that you struggle to be honest with each other. 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. Don’t be afraid to go to a new realtor if you’re not happy with the service. Of course, do make sure you do this respectfully. Don’t tell your realtors that you will definitely sign up with them unless you actually intend to do so. You need to be honest with them and tell them at which stage you are. You cannot expect a realtor to be honest with you if you are not honest with them.
In most cases, if you want to sell your property, your agent will require you to sign an exclusivity agreement. This is a common procedure but it does not mean you lose any rights. For instance, if you are unhappy with the service, you are within your rights to terminate the contract. The contract stops you from enlisting the services of a different agent at the same time, but is otherwise non-restrictive. 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. Realtors have to earn a living and you need to understand just how they do that. Realtors can earn their money in a variety of different ways. Although there are a few realtors who charge a flat fee, the majority of them will work on commission. It is vital that you know which one of the two constructions your potential realtor uses before you decide to sign your contract with them.