First, you need to look into your realtor’s experience. The more experience they have, the better they are likely to be. If you can, try to find a realtor who has worked all the way through the economic crisis and still works now. You do have to ensure they have experience that is relevant to your personal needs. After all, if you are looking to move up the property ladder due to family expansion, your needs will be very different than if you were to look for a first home for your college-going child. The second thing you need to know if how much of an expert they are in terms of the geography and demographics you require. For example, those who want to purchase a ranch will need a realtor that understands soil conditions and production methods and who can also look into the homestead that comes with the ranch. Similarly, if you were hoping to purchase a listed or historic property, you will need someone that understands the laws and regulations surrounding those properties.
It would be a mistake to work with the realtor whome the sellers of a property have already hired if you are looking at making a purchase. This is because if you reveal any information that you could use in negotiations, the realtor would be obliged by law to pass that on to the seller as well. In the same manner, if you want to sell, you shouldn’t work with your potential buyer’s realtor either. You should be looking for a realtor that only represents your needs. Firstly, ask your friends and others whether they can refer you to a realtor. You can also contact the NAR (National Association of Realtors) in order to find a professional for you. The greatest benefit of working with a NAR agent is that you know they are both professional and ethical. Always make sure you contact a range of different realtors before making your decision. You should discuss your needs with them, finding out what kind of suggestions they offer. 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, you also need to know what the realtor’s track record is. Do they usually sell under, on or over the original asking price?
With the above two tips, you should be able to find the realtor who best represents your needs. Make sure you never buy or sell a property without working with a realtor. One of the things they are most aware of is whether it is a buyers’ or sellers’ market and this is vital in terms of being able to pay as little as possible for a property, or to make as much as possible on it.