Choosing a Realtor

Posted by Emily White on Monday, November 10th, 2014 at 8:53am.    1326 Views

Why Having an Outstanding Realtor is so Important 

Realtor Choosing a Realtor can be like finding a needle in a hay stack – there are many of them available, but not all are top of the line. Having a solid Realtor can completely change the game for you when going through the home buying process. They are the link between your future home and the current housing market and can make the difference of an easy process, or one of the hardest things you have done in your life. Because buying a home is so important, make sure you use discretion when searching for a Realtor.

For those of you, who are looking to purchase a home in the near future, look out for these red flags when hiring a Realtor:

Interview more than one: Even if you hit it off with the first person you meet, you should get a second opinion. If this is your first rodeo, you have nothing to compare it to. Not all Realtors do the same things to sell a home, so you want to get a feel for how different agents go about business. When interviewing a Realtor, ask some questions like:  How long have you been a Realtor? Can you provide me with three or more references? How will you communicate with me through this process? Just by asking these simple questions, you could find out a lot about the person you are thinking of hiring.

Using a family member as your agent could get messy: Dealing with buying and selling a home can become extremely stressful. If things for some reason went downhill, you most likely wouldn’t want to lose a relationship with a family member over something that could have been avoided in the beginning. It’s not that you should never do this -- in some cases, a family member could be the best fit for you but as stated in the first bullet – interview more than one person. You may come to find that you like a different agent better than your Uncle.

Select someone that will be truthful – not give you what you want to hear: Hiring a “Yes Man” could get you in trouble when buying or selling a home. You may have an unrealistic view of what your house is worth or what you think is a good price to come in at when buying a home, having a Realtor that will be honest with you will set you on the right path. A Realtor that sits you down and tells you what you may not want to hear like – “I believe the price that you want to sell your house for is too high” is a good Realtor. In the end, if they don’t do this, your house could sit on the market for far too long and lose appreciation, causing you to lose more money than you ever should have.

Ask for the percentage of homes your possible agent has sold not how many: You could get tricked into thinking a Realtor is great because they told you they have sold 100 homes but you should be cautioned to the fact they could have had 200 listings. You want someone that has sold 8 out of 10 homes not someone with a percentage of 30 out of 50 homes. In other words, you want a high percent success ratio not just a high quantity of homes sold.

Choosing an agent may seem tedious but they are one of the most important people in the process of looking for a home or selling your current one. If you have a question on the home buying process please feel free to contact the Union Home Mortgage team today! 

Emily White

1 Response to "Choosing a Realtor"

Brian Sampson wrote: Emily. You have made some very valid points. Thanks for sharing!

Posted on Monday, November 10th, 2014 at 10:39am.

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