Top 10 Tips For Picking A Realtor When Buying A Home
Top 10 Tips For Picking A Realtor When Buying A Home
So after months if not years you have finally made up your mind. You are going to take the plunge and buy a new home. Maybe you are selling your present home or moving up from a rental. There are few things in life that can be both exciting and frightening as buying a new home. Of course you want to make a wise choice with such an important decision. You are looking for a bargain, don't want to overpay and want a home you are going to be happy in. Your realtor is your partner in this adventure. But as important as finding the right home, how do you find the right realtor?
There is certainly no shortage of realtors today. It seems everyone knows someone in South Florida who is or is related to a realtor. But that doesn't mean they are the right one for you.
Here are ten tips to help you find the right realtor to make your home buying experience as stress-free and successful as possible:
10. Make sure they are licensed. Whether they are a licensed real estate agent or broker, they should have a license number that they can share with you and you can verify with the local real estate board.
9. Make sure they have their own access to the MLS (mulitple listing service). Yes in today's world everyone can go on realtor.com or similar sites and search for available homes. But if you have ever done this you know that often times the information contained is out of date and many houses are no longer available when you call. Your realtor should have full realtor access to the MLS and be able to set up automated searches based upon what you are looking for. Your realtor should be sending you potential matches not you telling them.
8. Make sure they do their homework. A good realtor should qualify both you and any properties you look at. Time is money in the real estate business. So if a realtor is going to "waste their time" with you before qualifying you as a buyer or take you to homes that already have offers or worse, in contract, at the end of the day that is not a realtor you want. The realtor should know what you can afford and want in a property. If they haven't done their homework on this, they haven't put the time you deserve into your search. Expect a good realtor to ask you to produce pre-qualifications for mortgages.
7. Make sure they understand the contract and mortgage process. Especially here in Florida where attorneys are usually not required for real estate transactions, your realtor is going to be negotiating the sales contract. They should understand what the normal terms and conditions are, what is expected and how to protect your interests. Ask them what are issues that typically come up in contracts and how they handle them. Be sure they can explain down payment obligations and potential ways you can walk away from a deal that goes south without losing your money.
6. Stay local! Especially here in Boca Raton and the South Florida area, it is a must. There are so many different neighborhoods and developments in them. You can't expect a realtor to know the the ins and outs of every town. On the same note pick a realtor who lives in the area. A resident sees a very different view of an area than someone who is just there 9 to 5.
5. Is the big box realtor for you? We live in the age of big box retail. These giants have really put the pinch on local mom and pop stores. The same is true with realtors. you can go to one of the national chains who will tell you not to worry the local agents are local. But they still play and operate under the national rules. The big box realtors may be right for you. But before picking a realtor you should consider the difference between dealing with a big box agency versus a local shop.
4. Don't be a realtor flea. In today's world of the MLS just about any good realtor should be able to show you just about any home listed. You don't have to go with the agent who listed home according to the MLS. If you want a realtor to make a commitment to you, make a commitment to them. Hopping from realtor to realtor will not result in you seeing more houses than you would anyway and instead will just dissuade your realtor from giving you their all. Of course if you are looking in different areas far apart using a realtor in each area is another story.
3. Ask for references from previous buyers/clients to make sure you are choosing the right realtor for you.
2. Make sure your broker/realtor is working for you. Many times buyers will call the listing agent about a home for sale. Nothing makes the listing realtor happier. Now they don't have to split the fee with anyone and they can keep it all. But they really work for the seller here. Can you be sure your wants and needs are on top of their list?
1. Make sure there is a bond with your realtor. As I said from the outset, you and your realtor are partners on this endeavor. You are going to be spending a lot of time together and navigating through what can be some tricky situations. They will be advising you on one of the biggest decisions in your life. Make sure you pick someone you trust, you have things in common, they act professional and most important you get along with. You don't have to be life long friends, but you should feel a connection. If you don't, find another realtor.
So there you have it. Buying a new home should be one of the most joyful times in your life. Picking the right realtor can greatly increase the chances that it is!
Author:Glenn Lewis Phone: 561-706-9600 Dated: October 19th 2015 Views: 383 About Glenn: ...
Last week I had a chance to participate in an event that reminde
"Glenn help us in all aspects of acquiring our new home including financing and dealing with a short sale. I have already recommended him to a number of our friends and everyone has been extremely happy with the results."