How To Choose The Right Realtor

The task of selecting one to represent you in a real estate transaction can be daunting. But thanks to the internet, today's buyers and sellers have online access to an unlimited number of possible Realtors and Brokers. But first you can start asking friends and family for referrals in your target area. Once you retrieve a couple of names, call them and set up a time to go over some essential questions. Here are a few tips to consider before you start the process.

Why Hire A Realtor?

Realtors have experience with selling homes. They are knowledegable about the neighborhoods, schools, contracts, marketing, price guidance, market conditions, negotiation skills, and handling volumes of paperwork. So why not take the advantage to have someone help you with your search for a new home or to sell your property.

Consider the following characteristics for the search of a good Realtor :

• Familiarity with the local area and neighborhood
• Take time to become familiar with the features of the home she/he is selling
• Approachable and friendly
• Excellent reviews
• Local reputation of closing deals quickly and successfully
• Creative negotiator and proactive problem solver
• Have experience with specific selling scenarios
• Listen to your needs
• Provide you with an up-front quote

Interviewing A Prospective Realtor

It's recommended that clients, whether buyers or sellers, should personally interview at least three prospects before selecting a real estate professional to represent them. Anything is on the table. Here are a few questions that you should be asking :

• Request real estate license number
• How long have you been in business?
• How many transactions a year do you average? 
• What markets do you focus on?
• Do you specialize in working with buyers?
• What's the median price in the markets I want to search?
• Referrals to former clients that you can call
• Do you have a recommended vendors list?
• Have you ever had a complaint filed against you with the state department of real estate?

Set Your Expectations

Explain your communication preferences - make sure you're both are on the same page from the beginning. Discuss how the Realtor will keep you informed and how often you expect to hear from them.

Clarify your motivation to sell. Make sure you've made your requirements clear. Discuss selling strategy and number of showings. Agree on all the important details. Make sure that everything is in writing, and that you've agreed upon the commission structure, list price, and contract length.

No matter who you hire, the most important thing you can do is to cooperate with and assist the Realtor you've chosen as much as you can. The purchase/selling process will go much smoother and you will end up a happy buyer/seller.