A real estate agent is a professional who represents buyers, sellers, or both in property transactions. These agents mostly work on commission basis, and their work varies depending on whose interests they represent.
Agents who represent sellers will offer mostly advice on pricing, locality, suitability and modern development practices among others while those representing buyers will mostly do the physical searches to meet their clients’ price range and needs.
Below are some of the factors to consider in choosing an agent that is best suited for the job for both buyers and sellers.
Top considerations to make
Real estate agents focus on specific locations. Agents who understand their localities are better placed for consideration because they understand the market needs and demands in that area. This factor saves a lot of time in either finding the right place to buy or a client who is looking for the property being sold. Agents are usually sought after for their geographical and relational knowledge and skills. You should find out listings of agents in the area of interest and see who among the preferred agent has better listings regarding the number of successful deals made. This insight will help in getting an agent who will not waste too much time on getting you a good deal.
Getting a full time real estate agent is quite challenging. Most of the agents, since they earn through commissions, have other businesses they engage in as an alternative source of income. You should find an agent who is available for consultations or who picks up your phone calls and does not participate in other activities which may be compromising.
Commissions, fees, and contracts
This topic should come at the formative stage since whether it is buying or selling a property, you will have to pay for the services. Bear in mind that low fees do not necessarily equate to a good deal or vice versa. Try to find out if the agent is flexible with their fees. This may show the agent’s weaknesses such as desperation. Such weaknesses let you know if you are about to get a proper deal or not. Try to find out if the agent has proper contracts and terms that you can enter into. This may include entry and exit clauses in case of failures or mishaps by any party. Before settling on a particular real estate agent, it is advisable to interview a number of agents in the identified locality to get the right person for that assignment.