If you need a realtor, you must first learn to understand what representation actually is. Those who want to sell a property may need a specialized seller’s agent. For purchasing properties, on the other hand, you need a buyer’s agent. Both buyer’s and seller’s agents are legally bound to representing you properly as soon as you have signed a contract with them.
You should always ask others for recommendations. However, you need to look for more as well. Hence, you need to do your research. Make sure you find a realtor that has a specialization in the properties you are interested in. If you want to purchase a condo, there is no point going to someone that specializes in luxury mansions. Always take the time to actually speak in person to a realtor you may choose. Ask anything that is relevant, such as how they will represent you, what they can do for your, what experience they have, how much they cost and so on. You also need to talk about your expectations. They must understand your needs. Finally, you need to actually like your realtor. If not, you will find it hard to trust them. Last but not least, try to work with the realtor with the most experience. Although you might want to help out someone who is just starting in the world of real estate, would you really trust them with the thousands and thousands of dollars involved in these transactions?
It would be a mistake to work with the realtor whome the sellers of a property have already hired if you are looking at making a purchase. This is because that realtor would be legally obligated to tell their other client your highest budget and other information that could damage your negotiation position. In the same manner, if you want to sell, you shouldn’t work with your potential buyer’s realtor either. 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. Another place to look for a good realtor is the NAR (National Association of Realtors. Finding a NAR realtor means that you are guaranteed to be represented ethically and professionally. Do make sure you speak to several before you decide which one to go with. When you speak to them, be clear on your needs so they can make suggestions. 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, make sure you only work with a realtor that you believe has your best interests at heart.