You know that it’s important to work with an agent when buying or selling a home, but you’re unsure about how to find a real estate agent who checks all of the important boxes. Doing your research and narrowing down your options will require some work on the front end, but you’ll thank yourself later in the process because choosing the right agent can save you time, energy, and money when buying or selling a home. Here are some of the most important topics to consider when you’re thinking about how to find a real estate agent.
The basics
Real estate agent vs. broker
Agents and brokers perform many of the same tasks when it comes to buying and selling homes. They are both licensed to help clients buy and sell homes. The main difference between an agent and a broker has to do with their ability to hire people to work with and for them. Brokers can hire other agents to work with their real estate practice, whereas agents cannot. Because of this distinction, you may find that brokers are sometimes more knowledgeable and experienced about the world of real estate.
Realtor vs. real estate agent
A realtor is an agent who is a member of the National Association of Realtors (NAR). They must agree to a strict code of ethics and follow all of the organization’s standards for conduct. The term “realtor” is often used interchangeably with “real estate agent,” but not all agents are realtors.
Buyer’s agent vs. seller’s agent
Both the buyer and the seller will have an agent representing them during the transaction. It’s uncommon for the same agent to represent both parties, but it happens occasionally. This is called dual agency, and some states have laws prohibiting this practice.
How to find a real estate agent
What is their experience?
When possible, choose a real estate agent who has spent several years working in the industry. They will have a better understanding of the process, and they will know how to anticipate various problems and issues before they occur.
How much commission do they expect?
The starting point for a real estate commission is three percent, but this can vary depending on the individual agent. Ask to see a listing agreement before you officially begin working with a particular agent. This document will outline their expected commission along with many other relevant details about your working relationship.
Do they have good reviews from past clients?
Take time to read reviews from past clients before you choose a specific agent to work with. It’s common to see a few negative reviews, but you should be concerned if you notice a pattern of negative reviews that all reflect the same issue or problem.
Things to look for in a buyer’s agent
They’ll help you find homes in your price range
Once you get your pre-approval letter from your lender, you’ll be ready to team up with a realtor and start shopping for homes. Your realtor will help you look for homes in your price range and accompany you when you schedule private showings. They will point out features in a home that make it a desirable option. They will also make you aware of any potential issues they spot that you should be concerned about.
They’ll negotiate with sellers to get you a better price
Once you find a home you like, your realtor will help you craft an initial offer. Depending on the current state of the market and how long the property has been listed, you may have room to negotiate with the seller. Your agent will also help you respond to any counteroffers from the seller after you submit your initial offer.
They’ll set realistic expectations regarding home availability and competition
Your realtor lives and breathes the market on a daily basis. They know how quickly you’ll need to act when a new home becomes available or when you find a property you like. They will advise you accordingly on how to respond to different situations and opportunities that may arise.
Things to look for in a seller’s agent
They’ll help you market your home
Marketing is a crucial component of each home sale. Usually, a buyer will decide to make an offer based on something that happens during the in-person showing, but you won’t ever get anyone through the door unless you know how to market your home successfully. Your realtor will help you cast a wider net that will give you the greatest chance of attracting the largest number of prospective buyers.
They’ll tell you what improvements to make to your home
Your realtor knows what buyers are looking for. They also have a good understanding of what home projects tend to produce the greatest ROI. They will help you think about what improvements or upgrades you can make before you list your home to give you the greatest opportunity to generate more attention and interest from buyers.
They’ll choose a realistic listing price for your home
A good real estate agent has a thorough understanding of all the factors that go into pricing a home. They will help you determine an asking price that is likely to appraise and that is competitive based on the current state of the market.
Conclusion
Rola Merhi understands why it’s so important to know how to find a real estate agent and why the decision should be taken seriously. She has spent many years working in the real estate industry. Throughout that time, she has developed a reputation for establishing trust and rapport instantly with each of her clients. They feel respected and valued because of how Rola walks them through the process from start to finish. Keep Rola in mind when you’re thinking about the best agent to help you with your sale or purchase, and contact her if you’re ready to move forward.
