Before you start looking for a realtor, you need to understand what representation actually is. For those who are looking at selling their home, there are seller’s agents. For purchasing properties, on the other hand, you need a buyer’s agent. Both buyer’s and seller’s agents are legally bound to representing you properly as soon as you have signed a contract with them.
Your realtor’s experience is one of the most important things to look into. Usually, realtors with more experience are also better at their job. If you find someone who was operating before the financial crisis and is still in business today, you are on to a really good one. You do have to ensure they have experience that is relevant to your personal needs. After all, if you are looking to move up the property ladder due to family expansion, your needs will be very different than if you were to look for a first home for your college-going child. Secondly, you need to find out how your realtor can help you in terms of your demographic and geographical needs. For instance, if you want to purchase a farm, you need someone who has the right contacts to look into the condition of the land, previous production methods and the homestead itself. If, on the other hand, you want to purchase a listed building or a historic property, you will need someone that has a very different type of experience.
A number of things should be avoided as well. Firstly, don’t pick anyone who is your friend or a family member. There could be a huge conflict of interest on both sides, preventing you from working together properly. Furthermore, if things don’t work out properly, you could jeopardize your relationship. Also don’t work with a realtor who is also representing the other party. Don’t be afraid to go to a new realtor if you’re not happy with the service. If you do decide to go elsewhere, however, do so in a respectful manner. Don’t tell realtors that you will definitely work with them unless you are sure yourself. Simply be honest with your realtor and tell them what stage of the process you are at yourself. Honesty is the best policy and you expect honesty from them, so you need to return that courtesy.
Hopefully, the above tips will help you to find the best realtor to represent you. Whether you want to buy or sell, you should always work with a realtor. They are able to tell you when the best times are to sell or buy property, and this is vital information to make sure you don’t spent too much, or earn as much as possible.