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HOW TO PICK A RE/MAX REALTOR
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 Realtor
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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