The Internet has provided every home buyer or seller to be informed properly when real estate market is in order, but this digital revolution hasn’t given enough importance on how significant is to choose a good real estate agent that will be working with you. A reliable and trustworthy agent can help you buy your dream house or to sell your house faster, on the other hand, a bad agent can leave you hanging on a limb.
Before you hire a real estate agent, you should check his credentials and how many closed deals does he has, does he has experience in your neighborhood location and maybe some of your relatives or friends have used his services, so you can ask them for advice and recommendation.
There are few things which you must pay attention to:
For example, you are selling your home and agent states that you should give the highest price for it, before you decide to do this, look around for opinions of other agents. If you give the highest price from the start, it will be hard to close a deal and buyers won’t even look at it because they will know you are not being objective. The longer your property is on the market, the harder will be to sell it because the buyers will think that something is wrong with it.
Real estate agent doesn’t do this as a full-time job, but as a part-time. It doesn’t matter if you buy or sell a property, you will want an agent who is active and daily following the market. At any moment, an agent must be ready to present you an offer of available properties for sale or for purchase.
Avoid agents who are your relatives. Unless your relative is a really experienced real estate agent, active on the market and knows your neighborhood well. In any other case, it will be hard to avoid resentment if the things don’t go as you planned.
Real estate agent doesn’t know your neighborhood very well. If you manage to find neighborhood expert this may determine whether you will pay for some property more or less money. An agent who has experience in your neighborhood will have better connections and he will be able to associate you with buyers who are looking a home just like yours. On the other hand, if you are a buyer, he will be able to connect you with sellers even the house hasn’t been put on the market yet, it’s all local business.
The agent that has a lower commission. Average commission rate is between five and seven percent and buying and selling agent divide those amounts between them. Ask them why the commission is so low and don’t use the price to choose a good real estate agent. If you use the same agent who will be your selling and buying agent, then you can negotiate the commission.
The agent doesn’t work with buyers in your designed price range. This is a very common thing, if you are first time buyer, your entry level will be 200k and you won’t attract the attention of an agent who sells houses which price is 20 times bigger.Read More »