5 Things you Need to Know Before Hiring a Realtor

5 Things you Need to Know Before Hiring a Realtor

Hiring a real estate agent is one of the most important steps when selling or buying a home. A good Realtor can help you get the best deal particularly if they have adequate knowledge about the market. However, you must note that the key thing is to get a good Realtor. To achieve this, there are various things that you need to put into consideration before hiring. Read on, to find out what you need to know before hiring an agent.

How Many Houses have they Sold or Bought this Year?

Before you hire an agent, it is important that you know the number of transactions that they have handled so far. This way, you are able to weigh whether there is consistency in their business. Besides, you want to go with an agent who is consistent in the industry and not one who only buys or sells homes on a part-time basis. A Realtor with experience is more likely to provide you the greatest benefit as you sell or buy a home.

Are They Licensed? For How Long?

The next thing you need to know when vetting agents is whether they are licensed and for how long they have been licensed. A license is a guarantee that the agent has the necessary skills in this industry. However, checking for how long they have been licensed will guarantee you that they have both skills and experience in this industry. Therefore, they can hold their clients’ hands as they sell or buy a house. Also, they are better equipped to handle the various challenges that may emerge during transactions. However, this is not to mean that new Realtors are no good. You can hire a new realtor as long as they have a mentor or work in a team which they can turn to in case a challenge that they have not handled before emerges.

Availability

In selling or buying a home, clients’ demand Realtors to be available both during working and non-working hours so as to take them through various steps of the transaction. Before hiring an agent to buy or sell a home, it is important to check for their availability. First, check how reachable they are. Are they always busy and seem unreachable when you need them? If so, this is a sign that you should be looking for an alternative.

Have They Handled Similar Transactions?

Clients are advised to check whether an agent has experience in the area before they can begin working with them. A Realtor with real knowledge of an area will give his clients important information such as how much they should expect to pay in real estate taxes or the school district that one will be after buying a home. Additionally, it is important to get a realtor who has handled a similar transaction before especially if yours entails special procedures. Furthermore, not many agents have the expertise to handle special transactions.

How Do You Feel?

Ultimately, clients are supposed to hire agents that they feel good about. Clients are advised to weigh if they like an agent as this will determine how well they get along during the transaction. A good place to begin is by identifying if the agent really has your best interest. An agent should give unbiased information. For example, if you are looking to buy a house, they should highlight both the positives and negatives of a property. They should not give you their opinion on whether to buy a property. If you are selling your property, the agent should provide you with a market analysis and advise you when your listing price is unrealistic.