When the time comes to sell or buy a home, it can be daunting to know where to begin. Finding a real estate agent should be your first step. Their expertise can propel you forward. Whether it’s their negotiation skills, their professionalism, or their impressive knowledge of the market, hiring a Realtor® you already have an advantage. Real estate agents have the process of selling and buying engrained in their memory like it were muscle memory. Knowing you need a real estate agent is one thing, but the challenge lies in which real estate agent to choose. Prime Realty wants to help you in your search. Here is a list of what we envision an agent should encompass to help you narrow down your search.
A real estate agent makes their living based off how well they can negotiate. Having an agent that is knowledgeable about the local market can verify whether you’re paying a fair price or not. Their insight will ensure the amount you pay is within your reach, and the amount you list a property for is just. For example, let’s say you’re flipping a house and don’t know where to start. An agent can help guide you in the direction by giving you their consensus whether the house is worth the investment or not.
A company can be guilty of showing bias of their agents and so, you’ll want to do your homework. Talk with your friends and family about an agent they have worked with before. If you’re new to the area, find out which properties have been bought or sold in the area and see which agent managed the listing. The agent will then be able to direct you to their business page with client testimonies or with a list of clients and their phone number. Contacting them directly will enable you to decide if they are the agent you should move forward with.
Choosing Between a Listing or Buyer’s Agent
Real estate agents can be designated for a specific type of transaction. If you want to sell your home or property, you will want to look for a listing agent. If you are looking to buy a home or property, you will want to look for a buyer’s agent. Buyer’s agents are legally bound to help buyers, whereas listing agents have a fiduciary duty yet professional relationship with the home seller.
Real estate agents charge a commission. That’s how they make money. Agents on average charge 5% to 6% for commission. It’s important to know the kind of return on investment you’ll receive with choosing a specific agent, and they should be able to supply you those details. At Prime Realty, we charge 6% because we take care of the following:
- We determine the price
- We plan and prepare to sell your home by finding contractors, appraisers, and inspectors
- We offer digital and mail marketing as well as open houses
- We work to negotiate the highest price we possibly can for your home
- We utilize an in-house closing coordinator to handle the pre-closing and closing process
A Contract in Your Favor
Prime Realty is confident that it’s a seller’s market right now, so we are going to focus on the buyer’s market. Here’s a quick bullet list of things you should investigate and aim for your contract to include:
- Conventional Financing
- Local Lenders
- No Contingencies
- 3o-day close
Following this list will make a buyer’s offer stronger.
At Prime Realty, we pride ourselves in bringing on authentic and dedicated real estate agents to the company. No matter who you choose, we can guarantee you won’t regret working with Prime Realty. Our clients are our first priority and we hope this blog post helps those of you in your search for a real estate agent.