These 5 Tips Will Help You Choose The Best Agent In Real Estate

Because I could have saved myself so much time, headaches, and stress if I had seen something similar when I was just starting in Real Estate. These are my 5 tips for choosing the right real estate agent without getting into my horror stories. 1. Make sure they are fully-time agents This is without question one of the most crucial aspects when choosing a great realtor. Many people believe real estate agents make a lot and it's a quick way to Sedona Az Homes For Sale become wealthy. A lot of people obtain their license as realtors because they aren't qualified. They are hoping to earn a 5% percentage on a $1,000,000 house ($50,000). No matter what industry you're in, success requires hard work and dedication. Real estate is no different. In fact, around 20% of real estate agents do 80% of all transactions within a given geographic area. 2. Help Without Action Just like a lawyer, a realtor should always be looking out for your best interests. Unfortunately, not everyone who gets their license is eligible for it, as I have already mentioned. I'd be extremely alarmed if the realtor that you're interacting with asks you to sign a binding agreement as soon as possible (even if it is required by their broker). The right match is key to a harmonious and successful relationship. To determine if you are compatible, your potential realtor must be willing to assist you (learn about the market, compare prices, etc.). Without any expectations or obligations, there is no pressure type of relationship. That is the best way for you to get business and long-term success. However, amateur agents and those who are not as serious will feel more confident if they can "lock" you up legally. Many clients will feel obligated to the agent under the terms and conditions of the agreement, unfortunately. 3. Expert in your area No matter what claims might appear on the front pages of newspapers, such as "Canadian Real Estate Market is Down", any experienced and knowledgeable realty agent will not believe them. Every market (ex. Toronto also has several sub-markets. Down Town Core, Harbor Front and The Annex are just a few of the sub-markets. These sub-markets all have their own fundamental trends that influence the rise or fall of the price, supply or demand or the properties available at a particular time. There are hundreds of submarkets throughout the GTA. Real estate agents who are experts in only a few sub-markets can be more successful and have better clients. Agents can give expert advice to their clients, which will make them happier. Agents who are not professionals will still be able to help clients in order to close a deal. You can also throw pasta at the wall hoping that something sticks. Do you want to be their client too? 4. Specialty While this may seem absurd to many people, I find it amusing to compare realtors with doctors. A realtor without a specialist is similar to a general walk in clinic doctor. A specialist in eye care will give you better advice than a regular doctor if your sight is poor. Specialists have more knowledge than you, and they have the right tools to help. Realtors are the same. Are you looking to buy a condo? If so, you need to find a realtor that specializes in condos. Are you trying to become an investor or a realtor? If so, you should work with a realtor who is experienced in working with investors. Different realtors specialize in condos in one particular market than those who work with investors to rent properties. Agents who work with investors are able to identify the type of properties that will have cashflow and how much, as well as where to search for these types properties. Condo specialists will be able to tell you the exact locations with lower maintenance fees, compared to condo prices, and which units have smaller sizes. 5. Chemistry Chemistry? What is the point of this? Let's face it, we are slowly moving away from a suit-and-tie corporate environment and into an "Apple Google" type business culture. While these companies aren't corporate, the overall culture is much more relaxed, casual, and fun. This is how they attract the most talented programmers around. Realtors are no different. It is important to develop the right chemistry. Make sure the relationship and the process are fun, enjoyable, and professional.