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Selecting
a Realtor |
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| Selecting a
Realtor That's Right for You
General Guidelines
- Determine your housing
needs and choose a desired area.
- Consider what kind of
agent you want - regular agent or a buyer's agent. In
brief, a buyer's agent will negotiate the best price and
terms of sale for the buyer - not for the seller.
Regular real estate agents are obligated to get the
highest possible price for the seller.
- Make sure agent is a
member of the National Association of Realtors.
- Ask agent for references.
- Ask for the agent's
credentials. Agents receive several designations: GRI-Graduate
of the Realtor's Institute, CRS-Certified Real Estate
Specialist - requires a minimum number of closed
transactions, a GRI or 10 years of experience and extra
hours of study.
- Broker agent with a
broker's license is generally more experienced than an
agent with a sales associate's license.
- Work with a full-time
agent who is flexible, helpful, and never too busy to
take your calls.
- Be wary if the agent's
assistant is continually answering your questions and
handling the showings.
- Choose an agent who will
really listen and show as much interest in your
satisfaction as in making the sale.
For Buyers
- Make sure the agent does
the driving.
- Ask them to provide you
with listing printouts of the homes on your tour; they
make a handy reference during the showings.
- Request the agent bring
their instant camera to make snapshots of the exteriors
of the homes you like best. After touring several homes,
the snapshot will make it easier to recall your memories
of the home.
- Bring an area map with you
during the tours. Have the agent help you place the
homes on the map for your later reference.
- Make sure agent has full
access to the area's Multiple Listing Service. This
service gives you the listing of all properties, not
just properties listed with your realtor's company.
- Make sure the agent is
familiar with the area in which you wish to buy your
house.
- Ask questions about
schools, shopping, and recreational activities. Their
answers should be thorough.
- If things are not going
according to plan, discuss and try to solve the
situation with them. If you can't, find another agent.
- Don't succumb to pressure
or the phrase "someone is making an offer on that
house." Take your time, make your offer, and say no
if you do not feel comfortable.
For Sellers
- Ask to see agent's
marketing plan.
- Be wary of promises of
open houses and mass agent tours. Your concerns should
be their ability to properly price your home and
represent your interests once they are under contract.
- Ask agent to explain their
policy on "Dual Agency." This occurs when an
agent in the listing agent's office brings in a contract
on the property. Since they both work for the same
broker, they cannot give you single agency
representation. If they don't have a policy, or cannot
explain it clearly, continue your search.
- Make sure your contract
with the agent has an "out" if things are not
going according to plan. Most agents will not have a
problem signing a listing agreement for 60-90 days. If
you are satisfied with them you can do a second or third
60-day listing. Keep in mind, more expensive homes may
take longer to sell.
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