A real estate agent is required to make the process of buying and selling properties less stressful and easy because the process involved is a very big decision.
With so many professional real estate agents available on online ads, newspaper ads and yard signs, getting the perfect real estate agent for your type of need can be overwhelming.
Follow the tips outlined below to discover a real estate agent who will meet your requirements.
1. Contact a lender before employing a real estate agent
A mistake most home buyers make is to employ a real estate agent without contacting a lender to know their financial condition.
Getting a preapproval for a mortgage can give you access to funds that you can borrow and recognize different issues that should be dealt with in the early part of the process. This will also enable you to only concentrate on homes that are within your financial capabilities which will make realtors consider you to be a serious buyer. A preapproval letter is sometimes required in a competitive market before your offer can be considered by buyers.
2. Contact your network for referrals
You can reach out to your loved ones about suggesting professional real estate agents with good experience. A real estate agent who has worked with people similar to your needs is usually ideal. For instance, the requirements of homeowners who want to downsize would differ from the first time or repeat buyers.
A real estate agent who is a Realtor and a member of the National Association of Realtors (NAR) should be searched for. Such real estate agents have agreed to adhere to the ethics of the association and have completed certain real estate training.
3. Find additional information about your potential candidates
You can begin by evaluating the online presence of your potential candidate. You can check how active they are on social media as well as the promotions they implement. You can also check their website and the reviews they were able to generate. One or two bad reviews should not be an issue, but more than that is a warning sign.
You can also check the real estate agent regulation body within the state to make sure the real estate agent you are considering has been accredited or currently undergoing any disciplinary action. Screen your potential candidate on the website Better Business Bureau to check if any complaints have been filed against them.
4. Talk to a minimum of three potential candidates
You can begin to understand and have an idea about the real estate agents after interviewing them. Your end goal is to get a Realtor who has adequate knowledge about the neighborhood and can equally work with your budget.
The truth is that any effort they invest in presenting themselves to you will determine the effort they will put when working for you. Speaking with or interviewing these potential candidates will also enable you to discover the preferred method they use to promote, communicate and their level of availability. You will definitely want your agent to be comfortable with your style of interaction if you are the type that loves sending texts or making calls to stay updated.
5. Ask for references and evaluate them
Inform your real estate agents to provide information about the homes and properties that have successfully sold in the past or the contact details of their previous customers. You can also reach out to those customers and ask about the type of support they received from the real estate agent during the process. You can ask if they would employ that real estate agent for subsequent deals and transactions to get an idea of the level of service they received working with the agent.
6. Decide based on your judgment
Apart from the skills and knowledge possessed by the real estate agent, another important thing is the ability of the real estate agent to provide the support you need throughout the process. All in all, opt for an agent who is comfortable working under any stress or any condition and make sure that the agent is dependable.
If you discover that you can’t flow with that individual, don’t employ them. Several real estate agents are available out there who will be ready to work with you and can be a better personality fit.
7. Consider the requirements of your contract
The terms and conditions, as well as the commission of the real estate agent, will be indicated in your contract. Ideally, 6 percent of the selling price of the property is usually paid as commission to the real estate agent where half is divided among the real estate agent of the buyer and the seller. Although the rate of the commission can be negotiated with the average commission coming very close to 5 percent in the last few years.
You may also like to read: 5 Ways To Sell Your House Quickly for the Highest Amount
You need to also evaluate the contract length. A contract length that is not more than six months or less should be considered. According to NAR, selling a property in a competitive market should not exceed 30 days. If you are unable to sell your property in a reasonable period, you would want the ability to migrate to someone else. Also, if as a buyer, you are still unable to get your preferred home within a few months, you would want to switch. It is advisable to remain flexible and open.