Buying or selling your home is a significant decision, and you should be aware of the real estate prices, trends and other factors. Since most homeowners don’t have access to the important information related to the local market, they often rely on real estate brokers. Contrary to what many people believe, real estate brokers don’t make money by cheating their clients. Instead they bridge the gap between buyers and sellers and help in keeping the entire system rolling as needed.
If you are looking for the best real estate broker in your city, we have some of the pointers that matter the most.
- Make your shortlist. You can talk to your friends, neighbors and colleagues to find more details about the best real estate agents in the city. The idea is to have a shortlist, so that you can contact at least two to three people to get a fair idea of the prices and other aspects. If you are new in the city, check for ads in local papers or find listings online.
- Experience counts, but not always. Experts recommend working with a real estate broker who has at least five years of experience in the concerned area. However, this doesn’t mean that someone with lesser experience cannot help. Sometimes, a broker with limited clients can focus better on your needs. Understand if the concerned firm can help in the first place, and you can consider their experience then.
- Real estate brokers do have limitations. Yes, you heard that right. Real estate is all about local things, and not all brokers know all areas. As such, if you want to find your home in a specific locality, you should find someone who knows the place and area inside out. The concerned firm/broker should know about the commute times, schools, hospitals, crime trends and all other factors that may impact your life in the concerned area.
- Ask for references. If a real estate firm has been around for more than decade, they must have enough clients in the region. References are handy when you want to know a real estate broker better, and most of the times, they won’t mind sharing the names. Ask about their recent clients, and if possible, do enquire about their big deals.
- Be specific. No matter whether you are buying or selling a house, you have to be specific of your needs. Talk to the broker in person and not on the phone, so that you can have a better understanding of their work approach. You also need to know if they have the time to take up your requirements.
Finally, do consider the overall commission and charges. You don’t want to pay anything more than the normal charges, and you should also consider if the broker is accessible at all times. Also, talk to the concerned broker if his team members can answer queries and questions on his behalf and if all of them have real knowledge of the local market. Make your shortlist now!