The real estate market has returned to being a buyer’s market. Just because it’s a buyer’s market does not mean that those looking to purchase real estate should enter a transaction without representation. It is advisable to work with a licensed real estate agent. A real estate agent Manlius NY residents know can protect you from mistakes you might make when buying a property without representation. If you are selling a property, it is even more important to hire a real estate professional to represent you. They can guide you through all the steps to getting your property on the market and then assist you as you receive offers.
Is Your Residential Representative Licensed?
When hiring a real estate professional to represent you, either as a buyer or a seller, it’s important that your agent is licensed. The National Association of Realtors requires agents to go through a thorough training and retraining on a regular basis to maintain a license with the National Association of Realtors. Members of the National Association of Realtors must go through a background check as well. Knowing that your representative has had a thorough criminal and financial background check will allow you to work with them with confidence. This confidence is important when dealing with the amounts of money that are involved in a traditional residential real estate transaction.
Services Your Realtor Can Assist You With
There are a lot of different services you need when either buying or selling a house. Hire a realtor first, and take advantage of your realtor’s connections. He can direct you to a title company, home inspector, and a bank to finance your mortgage. Your realtor should also screen properties before showing them to you. Your realtor will not know what to put on your list or the type of buyers to screen unless you provide feedback. Keep in constant touch with your realtor to help him in making those choices.
Things Your Realtor Should Not Do
If you find your realtor engaging in these actions, you should consider changing realtors. The first thing to know is this is your realtor, he should only represent one side of the transaction. He can not represent both in an unbiased manner as he is paid to represent his client. Representing both sets the scene for complaints about the real estate transaction. He should also not accept gifts from any of the parties he suggests to you to use for their services such as the title agency or bank handling the financing.
Working with a realtor is a relationship. It takes a little time for the two of you to get on the same page. Sometimes things just happen to land in your lap and one of the first few houses or first few buyers works out perfectly. That is the exception to the rule. Choose a broker that you get along well with personally. That was the time spent working together will be pleasant and profitable for the both of you.