HOW
TO PICK A REALTOR® from RE/MAX
Many of the same questions, hesitations and strategies
connected with seeking out professional assistance in
any field — whether you're looking for a doctor,
dentist, lawyer or accountant — come into play
when you're selecting a real estate agent. Some people
find an agent through a family member or friend. This
is often a reliable approach. But you might not always
find the most compatible assistance this way. And in
a transaction as important and intensive as buying and
selling a home, that can be critical.
A referral from a family member or friend doesn't guarantee
a perfect match. Just think of something as simple as
a movie or restaurant recommendation. Your close friends
rave about a new Chinese food place downtown —
so you check it out. Could this possibly be the same
restaurant they were describing? Mediocre service. No
chopsticks. Bland flavors. It's the same restaurant.
Same cook. Same waiters. Just different perceptions.
Regardless of how you get an agent's name, it might
be worth interviewing at least a couple before you make
a final decision — or at least arming yourself
with some criteria to go over with any agent who has
been recommended to you.
A few things to look for:
If you're looking for an agent to list your home, be
wary of anyone who suggests they can get an unreasonably
high sales price. An agent might use a high listing
price to secure a contract, only to seek a lower price
later, after little traffic is generated at the initial
price level. Meanwhile, you've lost what can be the
most critical time period in selling a home —
the first weeks immediately after it's listed.
Check on experience, education and productivity. As
with most professions, experience pays in real estate.
Experienced agents know the market and the marketing
process. They'll have the best chance of quickly and
smoothly helping you to buy or sell your home.
Designations — such as the Graduate REALTOR®
Institute (GRI); Certified Residential Specialist (CRS);
Certified Relocation Professional (CRP); Leadership
Training Graduate (LTG); and, in Canada, the Registered
Relocation Specialist (RRS) — suggest an expertise
and commitment that goes beyond just earning and maintaining
a real estate license.
The number of transactions an agent is handling monthly
or yearly is going to give you an indication of how
committed the agent is to the profession. Is the agent
a part-timer who's just dabbling in real estate sales
— or is the agent a full-time professional whose
livelihood depends entirely on an ability to successfully
and repeatedly close real estate transactions?
If you're a buyer — does the agent offer buyer
agency? More and more buyers are deciding they want
full contractual representation on the same level as
the seller. Be sure to discuss buyer agency with any
agent you're thinking about working with.
Does the agent know the market? Is the agent active
in soliciting business in your neighborhood? Do you
see the agent's yard signs around the neighborhood?
Is the agent part of a national network? This can be
especially important if you're selling in one city in
preparation of moving to another. Your selling agent
can refer you to a professional, compatible agent in
your destination city — and keep in close contact
with that agent so both your selling and buying efforts
are closely coordinated.
And a final point: Does the agent seem primarily interested
in sharing expertise and market knowledge in an honest
and straightforward manner? Or does the agent seem more
interested in telling you what you want to hear —
or spend a lot of effort trying to market additional
products and services? The worst time to secure the
services of a "yes-man" or an agent who seems
to have a bit too many irons in the fire is when you're
entering a transaction involving something as expensive
as your home. You need straightforward, reliable information
— even if it's not necessarily flattering regarding
the home you're selling — or very encouraging
regarding a home you think you might want to buy.