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Shopping Around For a Realtor

Sep 5, 2008
In anything you do, having well-informed assistance can make the difference. When you consider all the variables of personality, business style, and abilities that go into the equation it may seem too hard to get the right Realtor to work with you and do the best job. This article presents a guide to the process. Here are some common mistakes that are all to easy to make, based on old assumptions and perceptions. Avoid these traps and you'll have an easier time.

Failing to Ask About The Realtor's Qualifications and Experience

You have to be bold in asking ask questions concerning your potential agent's experience in the business. Inquiries about how long they have been in the field, length of time with the firm and any type of realty specialties they may have in their resume are all good ones. An experienced Realtor might mention professional designations or awards they have received in the business, and these are worth noting.

The Perception That Only Big Realty Companies Have the Best Agents

Some who are looking for a Realtor may think that the big realty companies will have all of the best real estate agents. Although they may have some excellent people on board, it is advisable to evaluate small real estate firms as well as larger ones when looking around for someone to represent you.

Being Afraid to Ask What Compensation Your Realtor Will Receive

Prior to selecting a Realtor, it is important to ask about what they will receive for the work. Every Realtor representing a seller will charge a certain percentage of the ultimate sale price as their fee for selling the home. It is important to ensure that the percentage is competitive. The fee can also be too low; an offer to sell your home for low fee will likely leave you short when it comes to service. A buyer's agent, incidentally, is paid from the proceeds of the sale, out of the commission amount set by the seller. For this reason, if you are a buyer, there is no extra cost for having an agent represent you.

Choosing With Insufficient Information

Don't just choose the first Realtor you meet. Following your first impression may be OK in some circumstances, but without an appropriate level of research that quick impression can wilt like a bloom. Some people are so anxious to buy or sell a home that they find someone's name and immediately go with that individual without ever reviewing their other options. This is a common mistake which anyone looking for good representation in a real estate transaction should avoid.

Ask Questions

The last mistake which anyone shopping for an agent should avoid is hesitating to ask the Realtors being interviewed a lot of questions. Sometimes people feel as if they are being too much trouble and do not want to ask too many questions regarding the fees, procedures, and other things about the potential relationship. Asking questions is the only way to really know if you've selected the one who will be best for you.
About the Author
Joel McDonald is the CEO of Automated Homefinder, the Colorado home specialists.
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