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Top 10 Tips on Hiring Realtor Agents

Top 10 Tips on Hiring Realtor Agents

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Realtor agents can work either for a buyer or seller to act as a guide during the home sale process. Before hiring realtor agents, make sure you understand what you are looking for in an agent. Follow these top 10 tips for hiring realtor agents to find out what to ask to make sure you end up finding the best agent for you.

Top 10 Tips on Hiring Realtor Agents

  1. Get an exclusive buyer or seller’s agent, depending on your role in the deal. Some agents can act as both buyers and sellers agents, but generally the buyer and seller in a given transaction should use different agents. That way, each agent can act in the best interests of his own client without any potential conflicts of interest
  2. Ask about fees. Most agents will work on a commission- usually 3 percent of the price of the home is paid to the seller’s agent and 3 percent to the buyer’s agent, with the person selling the home paying both fees. However, some agents will also work on a flat fee basis, so find out before you agree to work with the agent
  3. Understand the contract. When you list your home with a real estate agent, you normally have to sign a contract giving that agent the exclusive right to sell the house within a frame of time. Find out how long the agent has to sell. If you are buying, see what your obligations are in the contract with your buyer’s agent.
  4. Ask about affiliation with national organizations. The National Association of Realtors is a large professional organization and many realtors are a part of it. Find out if your realtor is a member of any professional organizations since these can help your realtor to make the connections that will allow you to buy or sell your property quickly.
  5. Find out how familiar your agent is with the type of property you are selling. If you are buying or selling a condo, for example, you may want agents that are more familiar with the condo market as opposed to agents that deal primarily with single family homes.
  6. Ask your realtor about his familiarity with the area. You want someone that knows your local market inside and out. You can even look at signs in your neighborhood to see what agents are selling there to get an idea of which realtor agents to hire.
  7. Find out how long it usually takes the realtor to sell a home and what his track record for success is. You want someone who knows how to move a property quickly.
  8. Ask about years in the business. The longer a realtor has been in the game, the more knowledge and connections he has to share with you.
  9. Understand whether your realtor can list your home in the multiple listing service (MLS) or can help you search the MLS if you are a buyer. This is the large database of homes used by most realtors, and access to the MLS can be invaluable to selling a home quickly.
  10. Assess your comfort level. You want your agent to be someone you are eager to work with for the weeks- or even months- it takes you to sell your house.

There are likely many qualified realtor agents in your area, but by following these 10 tips you will be on the fast track to finding the realtor agents most right for you.

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