Researching and selecting the right realtor is crucial when buying a home. Look for a realtor with extensive experience in your preferred area and type of property. With over two million licensed professionals nationwide, their job is to be experts on properties in their local market.
Neighborhood Knowledge
Agents either possess intimate knowledge or they know where to find the industry buzz about your neighborhood. They can identify comparable sales and hand these facts to you, in addition to pointing you in the direction where you can find more data on schools, crime or demographics.
Market Condition
Real estate agents can disclose market conditions, which will govern your selling or buying process. Many factors determine how you will proceed. Data such as the average per square foot cost of similar homes, median and average sales prices, average days on market and ratios of list-to-sold prices, among other criteria, will have a huge bearing on what you ultimately decide to do.
Professional Networking
Real estate agents' network with other professionals, many of whom provide services that you will need to buy or sell. Due to legal liability, many agents will hesitate to recommend a certain individual or company over another, but they do know which vendors have a reputation for efficiency, competency, and competitive pricing.
Price Guidance & Negotiation
Agents negotiate well because, unlike most buyers and sellers, they can remove themselves from the emotional aspects of the transaction and because they are skilled. It's part of their job description. Contrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help to guide clients to make the right choices for themselves.
Client Representation
Market Knowledge
Property Search & Showings (Buyers)
Listing & Marketing (Sellers)
Contract Preparation & Negotiation
Transaction Management
Problem-Solving
Support After Closing