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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