Buying or selling a property is a big financial decision and one of the most important decisions you’ll make in your life. Whether you’re a first-time homebuyer, looking for a new investment property, or selling your lifetime home, the process can be stressful and overwhelming. That’s why picking a real estate agent is such an important step. It’s essential to find the right real estate agent for your needs. According to the National Association of Realtors, 88% of buyers purchased properties through a real estate agent. Additionally, 89% of sellers worked with real estate agents to sell their properties.
A real estate broker can guide you throughout the process and help you achieve your home goals. However, it can be difficult to pick the right real estate agent with so many different brokerages available. Use the following tips to ensure that you hire the right real estate agent for your needs.
Picking a Real Estate Agent: A Guide
Use the following tips to picking a real estate agent so you can hire the right realtor for your needs.
Ask About Experience
Experience is an integral part of making sure you’re hiring the right real estate broker for your needs. This isn’t just limited to how long the real estate agent or broker has been in the industry. It also includes their specific experience regarding your local market. For example, suppose you’re looking for a condo in Manhattan. In that case, you must ensure that the real estate agent knows the ins and outs of the Manhattan real estate market and has experience facilitating the purchase and sale of condos.
Ensure that they know the local market and the kind of properties you’re interested in. Do this by ask them about comparable properties in the area, listing prices, etc.
Check Certifications, Accolades, and Specialties
One of the most important things to keep in mind when picking a real estate agent is to ensure that they’re an actual realtor, i.e., a member of the National Association of Realtors (NAR). Some real estate agents also have additional certifications or specialties that can be helpful. For example, elderly buyers and sellers may want to look for realtors with Seniors Real Estate Specialists (SRES) designations. This means that they’re qualified to guide buyers and sellers over 50 years old.
Consider Your Marketing Plan
If you’re looking for a seller’s agent, establishing a marketing plan is key. Digital marketing is crucial because the majority of buyers search online when looking for properties to purchase. You should also ensure that the marketing plan includes staging, professional photography, property details you should focus etc. It’s also helpful to go over the real estate agent’s regular plans and how they plan on making your property stand out from the rest.
Discuss Communication and Expectations
When picking a real estate agent, it’s important to mention your preferred method of communication and how often you’d like to be updated or reached. Some buyers and sellers want to be involved in every step of the process, while others prefer leaving the details to the real estate broker. Tell them whether you’d like to communicate by text, email, or phone when selecting a real estate broker. You should also ask them how often they will update you. From there, you can discuss your expectations, i.e., weekly reports or what you’d like to be informed about.
Ask About Commission
Some real estate brokers have the standard 6% commission. Others don’t have it set in stone and are open to negotiations. When picking a real estate agent, you should inquire about commission and whether there’s room for negotiation. Sellers must also determine beforehand whether they’re paying for expenses such as staging. In some cases, the real estate broker will handle such expenses.
No matter how much research you’ve done, you must check references before making your final selection. Ask the real estate broker for names of recent clients and call these clients to ask them for details. You should also check the agent’s website and look at online reviews. When requesting referrals from the real estate agent themselves, ask for similar clients. It will be more helpful to speak to a client with the same needs as yours.
For example, if you’re looking to buy a property, don’t just rely on references of clients who have used the real estate broker to sell their properties. Similarly, if you’re buying a house in the suburbs, it will be more helpful to ask for referrals of clients who have bought houses instead of apartments. If a real estate agent refuses to provide references, this is a huge red flag. Start looking for other real estate brokers instead.
Pick a Comprehensive Service
Many real estate agents only work part-time or offer limited services. Instead of opting for them, select a real estate agent who offers full-time and comprehensive services. This way, you know that they can take care of all parts of the buying or selling process. From devising marketing plans and showcasing properties to getting in touch with photographers and stagers, they can handle it all. Those who provide comprehensive services will also likely have connections to others in the industry. For example, they can introduce you to real estate lawyers.
Comfort Is Key
At the end of the day, it doesn’t matter how experienced a real estate agent is or how many references they provide if you’re not comfortable with them. Part of the process of picking a real estate agent is seeing how well you get along with them. If you’re comfortable with the realtor, you’ll be able to express your needs and preferences properly. You’ll also be able to have open conversations with them.
Picking a Real Estate Agent With Robert DeFalco Realty
We know that buying or selling a property can be both stressful and exciting at the same time. Instead of being overwhelmed, it’s best to find a real estate agent who knows the ins and outs of the market and can advise you accordingly. With Robert DeFalco Realty, you can be sure to hire reliable and experienced real estate agents. They will ensure that you buy and sell properties at the best possible price.