The concept of representation is very important to understand before you look for a realtor. Those who want to sell a property may need a specialized seller’s agent. If, on the other hand, you want to buy a property, then you need a buyer’s agent. Whether you choose a buyer’s or seller’s agent, they have a legal duty to represent you as soon as you sign a contract.
The experience of your realtor is perhaps the most important thing. Usually, those with the most experience tend to deliver the best service. The best ones are the ones who started working before the economic crisis and are still going strong. You also need to make sure that the experience they have is relevant to you. For example, if you are trying to become a property investor, your needs will be very different than if you are looking to downsize after retirement. The second important thing is that they understand your demographic requirements and are able to deal with those. For instance, if you were to purchase a farm, you need to work with a realtor that is very different from one that only works with apartments in major cities, as your requirements will be very different. If, on the other hand, you want to purchase a listed building or a historic property, you will need someone that has a very different type of experience.
Don’t work with the realtor of the owners of the property you are planning to purchase. This is due to the fact that any information you give you realtor will be passed on to the seller by the realtor, as it is their legal obligation to do so. Similarly, if you want to sell, you also need a different realtor. You should be looking for a realtor that only represents your needs. Start by asking people you know whether they can refer you to a realtor. You can also contact the NAR (National Association of Realtors) in order to find a professional for you. If you work with a realtor registered with the NAR, you will know for sure that they are professional and ethical. You should always try to contact different realtors before choosing one. You should discuss your needs with them, finding out what kind of suggestions they offer. Doing so will make sure that you can learn how much a realtor knows about prices, neighborhoods and so on. If you want to sell, you also need to know what the realtor’s track record is. Do they usually sell under, on or over the original asking price?
It is hoped that you can use the above information to find the right realtor for your needs. Their role is to make sure you find the property of your dreams. Hence, it is vital that you find someone that you believe will do their job properly.