When planning to purchase a property, you are faced with many decisions. What comes first—buying the next property or selling your present property? How much can you really afford? What are you looking for as far as the location, size, and style of your next property?
Yet even before any of these questions, there is one major decision to be made: which Realtor will you choose? Your Realtor is an invaluable asset and a champion in your corner. They’re there to help you navigate a maze of forms, give the direction and professional advice needed to successfully complete your real estate transaction, and ultimately to help protect your investment.
Decide what you truly want in a Realtor.
What are the most important qualities in a Realtor, in your opinion? Your needs may differ, depending on whether you’re looking to sell your home or buy a property. Make a list of what matters to you in your Realtor and use it to evaluate your options. This could include:
- Responsiveness. When and how will you be able to reach your Realtor?
- Industry Experience. How many years has the Realtor been serving clients in this type of real estate? Were they part-time or full-time?
- Local Experience. How deep is your Realtor’s knowledge of the local area and market?
- Reputation. Can you see feedback from previous clients or speak to others whose needs were similar to yours? Does the Realtor have real-world testimonials and a history to back up their online presence?
- Dedication and Commitment. Is this your Realtor’s full-time career or a sideline for them? Do they practice ongoing skills upgrading and stay on top of real estate trends?
- Honesty and Integrity. Does your Realtor belong to relevant industry associations? Do they follow their own or a prescribed code of ethics?
- Approach. How does your Realtor handle tough situations or problems? To what lengths will they go to make your real estate transaction a success?
If you want to know more about your Realtor and how they would handle specific real estate-related transactions, be sure to ask! You deserve to know that the Realtor you choose is going to work hard to make your home sale or purchase a success.
You are well within your rights to meet with and interview several Realtors, to ensure that you find the one that is right for you. Go prepared with questions that will help you understand how each candidate meets your needs.
Should I use multiple real estate agents?
When you are selling your home, who you choose as your Realtor is a critical decision that can impact your sale price, time to sale, and more. You’ll want to review the online and print listings of Realtors you’re considering to see how they represent their properties. How quickly do their listings move in comparison to the market?
But when you’re in the market to buy, you might think it makes sense to ‘play the odds.’ Some buyers like to leave their name with three or four salespeople. Although it may seem to be to the buyer’s advantage to have a number of people to work with, this is typically the least effective approach.
Remember that Realtors are paid on a straight commission basis.
They do not receive a salary or have an expense account. They are paid only after when there’s a successfully closed transaction.
This is why working with more than one Realtor is not a good idea. None of the Realtors can know if it may be in their financial interest to spend their limited time trying to find you the right property when you could possibly buy through another Realtor. You inadvertently end up putting them in a race to get you to buy a property so they are sure that they are the Realtor who gets paid and not someone else!
One Realtor = Commitment
You need the total commitment of one Realtor with whom you feel comfortable. This professional gets to know and understand you, your needs, your preferences, and your limitations. They have compassion and empathy for your particular situation.
Buying or selling a property is a journey that must be carefully plotted and mapped from the start to completion. Tell your Realtor that you will work with them exclusively as long as you see the effort and work needed to get the job completed.
In fact, Buyers can sign a Buyer Agency Agreement form to show their commitment.
In this way, you are assured that you have a dedicated Realtor who will make it their personal responsibility to guide you to the successful completion of your real estate journey.
Give your realtor candid feedback.
Good agents will listen to your needs and search through properties that are available within their own company, in the Multiple Listing Service, and posted for sale offline. They will then sort out the inappropriate ones.
They will likely show you a number of properties and get your feedback and then continue the process until you have found the right home. Be very candid with your feedback, pointing out your likes and dislikes of each property as you go.
Your Realtor should have a copy of each of the listings you will be viewing with a space on each of the pages for your written notes.
You will not remember the likes and dislikes you have of each property after you have finished your entire showing tour. Make your notes immediately after viewing each property.
Remember, it is in your best interest to view only a maximum of 4 to 5 homes on any one showing tour. It is easy to become confused when viewing too many properties at one time.
Ready to get started?
If you’re in the market to buy, you can start by checking out all Grey-Bruce-Owen Sound property listings on MLS right here. You can also see all upcoming Open Houses in the area here. Beneath each listing, you’ll see an option to contact us for more information or to set up a viewing. And at the top of each listing, you can “Add to Favourites” so you can come back and view your top properties later on.
Those looking to get the most out of the sale of your home or property can start by taking advantage of a Free Property Evaluation. Bill will review your information, evaluate the property and get back to you quickly with an assessment of your property’s value. You’ll learn how to maximize its value and make the most of your selling experience.