Purchasing a home is probably the biggest investment most people will ever make. Although getting the right real estate agent to assist in the home buying process is important, so is selecting the best one around. If you are selling your home, learning the ways of how to pick the right real estate agent can save you time and even more money.
Before picking an agent, there are several elements that can help you make a good decision. Although most people make an appointment with their local real estate agent to discuss details on buying, selling, or leasing a property, there are several things you should take into consideration when searching for the right agent.
Get referrals from friends or family members who have recently made use of an agent. Ask them how they found the agent, any concerns or complaints, and which particular real estate agent they would recommend.
Do not hesitate to visit your local real estate offices and talk to the agents there. Although this is the place where you will be spending a lot of time, it is also a good idea to get a feel for the agents you are considering. This means meeting the agent in person and observing how knowledgeable they are in their field.
Narrow down your criteria to those that are best suited for your house or area. Find real estate agents that work with residential homes, not condos or commercial properties. Make sure they specialize in your area. There is no need to use an agent for selling luxury oceanfront property if you are selling a small condo in the city. Similarly, you should not use an agent for selling a large estate if you are looking to buy a condo in the suburbs. These agents can work with all types of properties, and experience different attitudes about how to sell them.
Agents typically work as a retainer. They usually do not receive a percentage of the selling price. However, agents have access to websites that allow them to invest in properties in their own area. Typically, they might be able to find a small portfolio of property, covering different areas worth a specific amount, and that will buy a certain percentage of the property which allows you to cover the closing costs and other fees associated with buying or selling a property.
Find an agent that specializes in the type of property you are interested in negotiating on. For example, if you have an impound lot filled with iron works Michigan, and that needs fill and drainage work, find a real estate agent that has worked with someone who does vacant lot work only. This will help you avoid gambling on a slim chance of selling.
It doesn’t hurt to compare agent reports either. You might be surprised at what you find. Neither one is sight blind and a good agent will be willing to let you know if he is low on his estimate. Keep in mind that these estimates are all estimates and will rarely come in at the price you can receive.
Once you have selected your property agent it is important to find out how they will handle the selling process. Usually, closing costs are the responsibility of the buyer, but in rare cases, maybe the seller. Ask your agent upfront, and before closing, what services they will cover. There is usually money to be split between an agent and a seller in most cases also, but only in NC.
Whether you are selling or buying, finding your agent requires meeting face to face. Ask them questions as you would anywhere else, but remember they are working for you. Find someone you are comfortable with, preferably the same journalist that wrote your article. Find someone you are comfortable with and who is friendly. This is a life changing step, and it is important you find someone you are comfortable with.