Working with a real estate agent can give both buyers and sellers an edge in what continues to be a challenging real estate market.
Agents, brokers and Realtors are professionals with distinct expertise and knowledge of buying and selling homes. That expertise is evidenced by how many people rely on real estate professionals yearly. A 2022 Zillow Group Consumer Housing Trends report found that 88% of homeowners choose to list their homes with a real estate agent when it comes time to sell.
Individuals understand that it can be in their best interests to work with real estate professionals, but they may not know where to look as they seek to work with one. Here are some tips for finding the right match in a real estate professional.
Know the difference in real estate professionals. Real estate agents are required by the state where they operate to pass a real estate license exam. Real estate brokers take it a step further and undergo additional training, which could bring additional experience to the table. Realtors are members of the National Association of Realtors and are accountable to its strict code of ethics. These individuals may also have undergone additional training that qualifies them to work with specific clients, such as seniors.
Seek referrals. Friends, family members, or even others in the community can connect people with real estate professionals. When requesting referrals, individuals can inquire about certain professionals and how they handled buying and/or selling a home.
Work with the right type of agent. Generally speaking, real estate agents either work with buyers or sellers in the transaction. Many will do both, but some specialize in buying or selling. Find a professional who either does both or specializes in your position.
Research an agent’s online presence. Use the internet to see if the agent has a website, a particular philosophy or a specialty. This also may be a place to check online reviews. Don’t be dissuaded by one or two poor reviews. However, if there are many, it may be best to look elsewhere.
Meet and interview potential agents. Individuals should speak with a couple of real estate professionals to see what they offer. This is a good way to determine if there is a connection and whether the agent will get the needed results. A well-prepared agent will come with data, including “comps” of properties in the area. Professionals typically have information about the current market trends and a portfolio of the homes they have brokered recently.
Go with gut instincts. If it’s between two people of equal qualifications, select the person with whom you have a stronger rapport. This person will guide you through a sizable financial transaction, so comfort level is essential.
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