The majority of real estate agents are reliable, honest and hardworking individuals. They are well-informed on the valuation of your house, the condition of the housing market and even the buyer’s way of thinking. Their know-how is what makes an agent important to you.
However, choosing the wrong real estate agent can often cost you ten times more than you should have to pay. Purchasing a house in itself costs money and you wouldn’t want to be ripped off by an agent who is acting solely on self-interest. So, here are 5 tips for selecting the right agent whenever you’re looking to buy or sell property:
One or More Agents? The first question you ask yourself is whether to opt for single or multiple agents to sell or buy a home. Listing your home with any broker on the high street will get the exposure and more viewers through the door, but you will pay more fees. Many home sellers opt for a sole agent for this reason. However, a single agent may take longer for your home to sell and it is not recommended if you’re in a hurry. However, exclusive agents generally work on a lower commission, so that can actually save you money. There are pros and cons to both options, and there isn’t a one-size fits all strategy here, so do your research.
Personal Recommendation A good reason for using a particular real estate agent for your deals should be personal recommendation. Ask loved ones or neighbors what encounters they have had. Any individual who has had a good experience with an estate agent merits listening to, in light of the fact that this can remove a considerable measure of the seeking and the errors that could be made.
Knowledge of the Locality Good real estate agents know the market in your area like the back of their hand, and they also have good connections with the people there. The impact of this cannot be overstated – a good broker can find the perfect buyer for your property, quickly and easily, simply because of their network of active homebuyers. They will be in the neighborhood, to meet potential buyers and this makes it a good practice to a local broker to choose the property you are selling.
Valuations Like it or not, some agents deliberately give optimistic valuations as a ploy to get you to go with them, after all, they know that the appreciation is the main reason why a seller will use them. This is not a good practice and you should not be fooled by higher than expected valuations.
Take your time, and find a real estate agent who gives you whatever you think is a realistic price based on the market. This is much better than you being fooled by way of high price then being disappointed months down the track when your property still hasn’t sold.
Here’s the issue. You, as the vendor, can set the retail price for your residence. You can say to the agent exactly how much you want to sell your home for. It has been this way since time immemorial, and it will not change.
And as a buyer, you as a buyer should be able to state the price you’re willing to pay. This is why you will want to avoid dual agents, that is, agents who work for both buyer and seller on the same property. Most times, they will favor the seller, so instead, opt for buyer’s agent who’ll offer you exclusivity.
What’s Your Reach? Marketing is Key If you are looking to buy a home, the first place you head for is the Internet, so it is vital the broker you choose to sell your property knows how to advertise online. As well as listing your home on their own website, always check which portals they will use to advertise your property.
We want to hear from you. Tell us about your previous real estate experience when using a real estate agent.