Heather Murphy Real Estate Group
5 Tips To Choose The Right Real Estate Agent
Then we think about buying a new house, or apartment, we usually need help from a person who knows exactly how is the process of buying and selling a property. It is precisely there when the figure of the real estate agent comes into play.
A real estate agent is an individual or institution that organizes transactions between a buyer and a seller for a commission when the operation is executed. That is, it is the agent that acts as broker or intermediary between a buyer and a seller, usually charging a commission and becoming a director of part of the agreement. In addition to this, he is in charge of advising and advising on topics related to the business.
Now, how do you know if the real estate agent you are going to choose is good or not? In this guide, you will get five tips to choose the right person.
Real Estate Agent
What is a real estate agent for ? Working with professional real estate agents can save you a lot of headaches by having an interface agent between the user and the buyer or tenant (for example, you do not have to be the one receiving the calls from the interested parties. Buyers or tenants, or the inspection organization, among others).
Therefore, you may want to consider working with a real estate agent to help you navigate the process and eventually find a buyer or tenant for your property.
Five Key Things You Should Keep In Mind Before Hiring An Agent:
1. Local Experience
Local experience is key because real estate markets change from one city to another with differences, even within the city or in the suburbs. So, you have to know the area covered by the real estate agent to determine if you have local knowledge about the real estate market, where your property is located.
One way to do this is by contacting an agent and before asking what are the areas they cover without first revealing where your property is located.
An additional advantage of working with an agent who has local knowledge of an area, is that they have the most informed opinion about the true monetary value of your property, and can help avoid a situation where your property is sold below its real price or its opposite extreme: staying too long in the market without a buyer because its price is above the value of similar properties in that area.
2. Years in the Business
We recommend working only with real estate professionals. It will be something more professional, but you can be charged a higher rate. Ask how long the agent has been actively selling or renting properties. The more experience they have, the better. Specifically, you need an agent that is the most experienced in selling or renting properties in the area where your property is located.
3. Read Comments or Recommendations
If a real estate agent has experience, he or she will have clients who have served in the past. Ask the agent that you would like to see the comments or recommendations of previous clients. In the same way, you want to know what was the sale price of the property of each one and the time each property spent in the market before it was sold.
4. Test the Agent
A professional agent will be aware of most (if not all) properties available within the area he or she covers. It is normal for agents to know about other properties that are available in their area. You can try the agent's local experience by talking about a property you recently sold, and so you know what's in the same area as your property. If the agent recognizes the property and can give you some details, then it can be safely assumed that the agent knows your area.
5. Rate Breakdown
The agents live on the commission, which is a percentage of the price of a property when it is sold or rented. That is, they make money only when they are able to sell or rent a property. And you have to talk about this from the beginning with the agent. Ask the agent to give you a breakdown of what he or she is going to charge you for closing. If you think there is a high demand for your type of property, you will have some bargaining power to negotiate reduced commission. However, you have to be careful not to negotiate too much, so the agent is recommended to obtain optimal results. If an agent charges well below the normal commission rate, it can be an indicator of possible poor-quality trading by the agent.
Heather Murphy Real Estate Group
329 Commercial Dr #100
Savannah, GA, 31406
Phone:- (912) 398-6368