Buying or selling a property is no less than a challenge, especially for the first-timers and the people who wish to relocate. With planning to make your biggest investment in life and no knowledge of the local estate market in hand, the anxiety levels are doubled up.
That is why people prefer hiring a trustworthy agent or broker to make their whole buying or selling process smooth and hassle-free. During the process, you might come across a real estate agent and someone claiming to be a realtor. Though these terms are used interchangeably by people, they are not alike.
A real estate agent is anyone who is licensed to help people buy and sell the commercial or residential property and a realtor is the official member of National Association of Realtors (NAR) which is a national governing body of realtors. To your surprise, the realtors are also real estate agents but abide by standards and rules laid down by NAR.
The realtors carry certain certifications and are experts in their area. However, not all realtors are alike and don’t guarantee you great deals for your property. So, here are some great tips listed for you to be able to hire a professional realtor-
Contact Multiple Realtors
Smart consumers do not rely only on recommendations received from friends, family or relatives and rather do a lot of research on their own. They also search for realtors online and see the kind of work they do. After checking their websites and feedback left by their clients, they start to shortlist them for further interviewing. This process may seem a bit hectic to you but will you pay off in the long run.
You should never work with just any agent off the street and rather contact multiple realtors in the city to be able to have a comparison with regards to their experience, qualifications, and knowledge about the real estate market.
Ask for the Marketing Plan
Before hiring any realtor, it is important to evaluate what all can he/she can do for you. Buying or selling a house is just not limited to showing the properties; there is a lot that needs to be done. If you are the buyer, then the realtor has to work out on getting a house as per your preferences and budget. And if you are the seller, then the realtor has to devise a marketing plan to sell your property at the best rates.
In addition, there is the factor of price negotiations where the realtor has to play smartly and represent you in a way that you come out winning the offer, whether as a buyer or seller.
Check Credentials and Licenses
Just like doctors, the realtors need to carry licenses to operate in the market and attain specialties through training. Then, the certification they get will be indicative of the expertise they carry in certain areas of real estate sales.
Some of the popular designations achieved after these certifications are CRS (Certified Residential Specialist), ABR (Accredited Buyer’s Representative) and SRES (Seniors Real Estate Specialist).
Examine the agent’s listings
In the modern world today, every realtor has maintained a well-established online presence. They have all their listings online that allows the clients to evaluate them at their convenience. The best part is every authentic realtor is rated the best on forums and that gives you a fair idea about their ethical business practices.
Moreover, these listings are helpful for clients to funnel out their options just by examining if the properties mentioned in the listing are in their preferred area and in the same price range or not.