How to Find the Right Realtor
A new home purchase demands some prep work, from straightening up your credit records to saving sufficient cash for the down payment. Of course, you also need a pro who can help you through the process. That’s where an expert can prove indispensable.
Below are pointers to help you find the right real estate professional:
Understanding Title Differences
Agent, broker, Realtor(R) – are they the same? Not necessarily! A real estate agent is anybody with a license for selling property. Generally, these agents had to finish at least 100 hours of course work and pass a state exam to obtain their license. An agent who has completed more coursework, started a brokerage firm and taken in agents is known as a broker. If an agent or broker is a member of the National Association of Realtors(R), he may then be referred to as a Realtor(R). There are stringent requirements for admission as a NAR member, and all members are committed to a strict code of ethics which, if violated, can mean termination of membership.
A simple web search can be very useful. Find realtors in your area and take a look at their professional backgrounds. You’d like to focus on how long they’ve been in the industry, how many homes they’ve sold and what property price range they usually work in.
Before choosing an agent, don’t hesitate to ask questions so you can better decide if they are indeed the best for you. Here are some smart ones:
How long have you been a real estate agent in the area?
It’s good hire a veteran in the industry, but don’t think that the newly licensed agent is automatically wrong for you. If this novice has been a resident of the area since birth, he likely has more knowledge about it than the old-timer who just moved to the place. When making a choice, make it a point to balance general and local experience.
Do you work by yourself or with a group?
many independent agents are excellent, but a team’s value cannot be ignored either. When you work with a team, you have faster response times and more availability.
What’s your availability?
Whether you’re working with an independent agent or a team, availability is always a main concern. If the agent is full-time, you usually don’t have to ask. Otherwise, you need to be sure that your schedules match, or you could miss out on many good properties.
At the end of the day, you want someone you are happy to work with. It’s hard to work with an agent who makes you feel uncomfortable in any way. No matter how excited you are about buying a new home, you need not subject yourself to this type of stress.