Monday, November 26, 2007

How to Choose a REALTOR

1. Ask how long they have been in residential real estate.

2. Ask if it is their full-time job.

3. Ask what designations they hold. (Designations, such as GRI and CRS, which require that real estate professionals take additional, specialized real estate training, are held by only about one-quarter of real estate practitioners.)

4. Ask how many homes they sold last year.

5. Ask if they will represent you exclusively, or if they will represent both the buyer and the seller in the transaction. (While it is legal to represent both parties in a transaction, it’s important to understand where their obligations lie. A good REALTOR will explain the agency relationships to you and describe the rights of each party.)

6. Ask if they can recommend service providers who can assist you in obtaining a mortgage, making repairs on your home, and other things you need done.

7. Ask what type of support and supervision the real estate brokerage can provide them. (Having resources, such as in-house support staff, access to a real estate attorney, or assistance with technology, can help the real estate professional assist you in your transaction.)

8. Ask how they will keep you informed about the progress of the transaction. How frequently? Using what media? (This is not a question with a correct answer, but that one reflects your desires. Do you want updates twice a week or don’t want to be bothered unless there’s a reason? Do you prefer phone, e-mail, or a personal visit?)

9. Ask for testimonials from clients who worked with them in the past.

10. Finally, choose a REALTOR who listens and understands to your needs and desires. This person will be assisting you in possibly one of the largest financial decisions you will make in your lifetime, they should be someone enjoy working with.

2 comments:

Anonymous said...

So how do I know how many square feet my house needs to be?

Randy K.

Ask Mandy said...

You're a REALTOR...isn't that your job to know that!