Most Americans agree that when it comes to buying or selling a home, a transaction of this magnitude requires the guidance of a professional. In fact, nearly four out of five homebuyers and sellers enlist the help of a real estate agent.
o better understand whom you'll be dealing with, let's look at the basics. The two most common types of agents are seller's agents and buyer's agents. A seller's agent represents the interests of the seller and, not surprisingly, a buyer's agent represents the interests of the buyer. A broker, also licensed by the state, may own a company or have responsibility for agents. Contrary to popular belief, not every agent is a REALTOR. REALTORS are real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS and subscribe to its strict Code of Ethics.
Whether you're buying or selling a home, you'll want to choose a professional who meets your professional needs and has a personal style that agrees with your own. Here are some tips for finding a real estate agent:
Now you're ready for the interview. Whether you're buying or selling, the agent should explain the entire process up front. Sellers can use the "listing presentation" to compare agents on their preparation and professionalism. Ask questions that get at the agent's experience, knowledge and motivation to help you:
A word to the wise: Sellers should not select a real estate professional based on selling price or commission. It's probably best to avoid working with someone who promises you the moon - in this case, an unrealistically high price-then has to make price reductions until the property sells. Instead, focus on marketing plans, service and past results. Also, don't be persuaded by low commissions. A seller could actually net more than with a discount broker when a winning marketing plan combined with proper pricing results in a faster sale and at a better price.
Aim to select someone who is knowledgeable and with whom you feel comfortable. It almost ensures a productive and mutually rewarding relationship. To begin your search for a great real estate professional, search here online or call 1-800-547-1982 today.