How to choose a Realtor from Re/Max
Many of the same questions,
hesitations and strategies connected with seeking out
professional assistance in any field — whether you're
looking for a doctor, dentist, lawyer or accountant —
come into play when you're selecting a real estate
agent. Some people find an agent through a family member
or friend. This is often a reliable approach. But you
might not always find the most compatible assistance
this way. And in a transaction as important and
intensive as buying and selling a home, that can be
critical.
A referral from a family member or friend doesn't
guarantee a perfect match. Just think of something as
simple as a movie or restaurant recommendation. Your
close friends rave about a new Chinese food place
downtown — so you check it out. Could this possibly be
the same restaurant they were describing? Mediocre
service. No chopsticks. Bland flavors. It's the same
restaurant. Same cook. Same waiters. Just different
perceptions.
Regardless of how you get an agent's name, it might
be worth interviewing at least a couple before you make
a final decision — or at least arming yourself with some
criteria to go over with any agent who has been
recommended to you.
A few things to look for:
- If you're looking for an agent to list your
home, be wary of anyone who suggests they can get an
unreasonably high sales price. An agent might use a
high listing price to secure a contract, only to
seek a lower price later, after little traffic is
generated at the initial price level. Meanwhile,
you've lost what can be the most critical time
period in selling a home — the first weeks
immediately after it's listed.
- Check on experience, education and productivity.
As with most professions, experience pays in real
estate. Experienced agents know the market and the
marketing process. They'll have the best chance of
quickly and smoothly helping you to buy or sell your
home.
Designations — such as the Graduate REALTORŪ Institute (GRI); Certified
Residential Specialist (CRS); Certified Relocation
Professional (CRP); Leadership Training Graduate (LTG);
and, in Canada, the Registered Relocation Specialist
(RRS) — suggest an expertise and commitment that
goes beyond just earning and maintaining a real
estate license.
The number of transactions an agent is handling
monthly or yearly is going to give you an indication
of how committed the agent is to the profession. Is
the agent a part-timer who's just dabbling in real
estate sales — or is the agent a full-time
professional whose livelihood depends entirely on an
ability to successfully and repeatedly close real
estate transactions?
- If you're a buyer — does the agent offer buyer
agency? More and more buyers are deciding they want
full contractual representation on the same level as
the seller. Be sure to discuss buyer agency with any
agent you're thinking about working with.
- Does the agent know the market? Is the agent
active in soliciting business in your neighborhood?
Do you see the agent's yard signs around the
neighborhood?
- Is the agent part of a national network? This
can be especially important if you're selling in one
city in preparation of moving to another. Your
selling agent can refer you to a professional,
compatible agent in your destination city — and keep
in close contact with that agent so both your
selling and buying efforts are closely coordinated.
- And a final point: Does the agent seem primarily
interested in sharing expertise and market knowledge
in an honest and straightforward manner? Or does the
agent seem more interested in telling you what you
want to hear — or spend a lot of effort trying to
market additional products and services? The worst
time to secure the services of a "yes-man" or an
agent who seems to have a bit too many irons in the
fire is when you're entering a transaction involving
something as expensive as your home. You need
straightforward, reliable information — even if it's
not necessarily flattering regarding the home you're
selling — or very encouraging regarding a home you
think you might want to buy.
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