Choosing the Best Realtor for You

Finding an ideal Realtor for you doesn't just happen by accident. It takes some research and consideration on your part. The best way to start the home buying or selling process is to shop for the Realtor first, the house second.

First, you might want to talk with several Realtors from several companies to learn about the differences from one Agent to the next. If you aren't completely satisfied with what one has to offer, speak to another. The important thing is that you want a Realtor who will represent you to get the best home at the lowest price if buying, and if selling, provide a smooth transaction and get you the best offer possible.

One good approach for finding a qualified agent is by using referrals. If you have a friend or family member who recently had a positive experience while shopping for a house or selling their home, get the realtor's contact info. Just know that even if you meet with a referred Realtor, you still need to make sure that Realtor is a right fit for you.

Keep in mind that the real estate market has two main sides to it - the buyer's side and the seller's side. If you are selling your home, you will be represented by a listing agent while if buying, you will be represented by a selling agent, also known as a buyer's agent. The selling agent will typically be an agent that focuses primarily on buyers. These real estate agents are the ones that sell homes on the Multiple Listing Service (MLS)that the listing agent has listed for the seller.

In most transactions, an agent will be on one side or the other. Most transactions will involve 2 realtors. One question is what happens if you find a good Realtor to help you buy a home. They have the same priorities as you, they are very professional, and exactly what you've been searching for. Great! Now what happens if this Realtor has a home for sale - the ideal house - everything you want? The bottom line is, this Realtor is working for the seller of that home to ensure the seller gets top dollar for their home. Should you use this Realtor or find another Realtor?

Unfortunately, this circumstance sets up the potential for a conflict of interest. Since the Realtor is under contract with the seller, they have an agreement to use their negotiating skills in selling the home. This can be done, but it's a little different. If you should run into this situation, known as an "intermediary" relationship, will mean that the agent will be representing both sides to the transaction and will not be able to prefer one of his clients over the other. The agent will assume a "nuetral" position. Both the buyer and seller must agree in writing to this situation.

One thing to eep in mind is that even when you find the "perfect" Realtor, there can, and will, be challenges. Very seldom does the sell or purchase of a home go without a hitch. So be prepared to encounter a few obstacles and be patient as the Realtor works them out.

WHAT SHOULD YOU EXPECT FROM YOUR REALTOR

Working with a competent Realtor is a huge advantage. Unfortunately, there have been many horror stories of first-time homebuyers being promised the moon only to discover that the "Realtor" has under-delivered. however, although many people are successful in finding the perfect home on their own, most aren't and will need the help of an honest agent. A qualified Realtor knows and understands the industry and therefore knows how to negotiate best for their clients. Their role goes beyond just helping the buyer find a nice house. They also act as a conductor and manager to ensure right decisions are being made and things are in order before, during, and after the deal.

Realtor's areas of expertise should include:

Advertising
When you're selling your home, the Realtor should know how to make sure your property is seen. For the buyer, the Realtor can show you homes for sale on the Multiple Listing Service (MLS) as well as other media.

Marketing Strategies
Based on the markets condition and on detailed market data, a Realtor will create marketing strategies.

Recommendations
Throughout the real estate transaction, the Realtor should be open to making consultation and offering information.

Documentation
Negotiations, contracts, handling appraisals, inspection, closings, etc.

Remember that when you decide to work with a Realtor, you aren't just working with one, you're working with thousands. Realtors network together, which strengthens the position of all Realtors. If you're buying a home, you will not just be looking at houses being listed by your Realtor, but the whole network of Realtors listings as well, thus increasing your odds of finding exactly what it is that you desire in a home.

A good Realtor will assit you in setting up appointments with lenders as well as meet you at the appointment. They can offer you great expertise in this area and will be of great assistance. Once you locate your home, your Realtor can help you with local business that you will need after your relocation. Their work doesn't stop just because the closing is done. Good Realtors will remain in contact with you over the years should you ever decide to sell and relocate again.

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Mark Linder
New Century Realty Group
Phone: (469)879-2960
Mark@MarkJLinder.com