Navigating the real estate landscape can be a daunting task. A competent Realtor is a valuable resource for simplifying and streamlining your real estate journey, helping you buy or sell a property at the right price and in the right timeframe.
If you’re hoping to team up with a professional as you list your home or begin your online home search, you’re not alone! According to the National Association of Realtors, 86% of buyers and sellers worked with a real estate agent to reach their real estate goals in 2020. If you’re ready to find an expert Realtor, this article will provide expert advice on how to identify a highly skilled Realtor who can guide you through the process.
Delving into the world of real estate professionals
Understanding the role of a real estate agent
A real estate agent plays a pivotal role in buying or selling real estate. They act as intermediaries between buyers and sellers, using their expertise in the local real estate market to help negotiate contracts and assist their clients every step of the way. A skilled real estate agent will also provide tailored advice to their clients based on their needs, preferences, and financial situation.
Contrasting the roles of a real estate agent and a broker
In the realm of real estate, it's essential to distinguish between a real estate agent and a broker. Real estate agents are licensed professionals who arrange real estate transactions, representing sellers and buyers. On the other hand, a broker is an individual who may work independently or have real estate agents working under them. Brokers possess an additional level of training and are licensed to manage their own real estate businesses.
Clarifying the difference between a Realtor and a real estate agent
Often, people use the terms "Realtor" and "real estate agent" interchangeably. However, they are not the same. A real estate agent is a licensed professional who represents buyers and sellers in real estate transactions. A Realtor is a real estate agent who is also a member of the National Association of Realtors and subscribes to its strict code of ethics.
Key questions to ask your Realtor
Exploring their prior experience
As a prospective client, it's crucial to inquire about the Realtor's past experiences buying or selling homes in the area. A highly experienced Realtor will have an in-depth understanding of the local market and a solid track record of successful real estate transactions.
Clarifying who you will be working with
Some Realtors work with assistants or teams. It's essential to understand who will be your primary contact and who will handle different aspects of your real estate transaction. You want to ensure that your questions and concerns will be addressed in a timely manner.
Understanding the Realtor’s compensation
Realtors are typically compensated through a commission, a percentage of the home’s sale price, which is paid for by the seller at the end of the transaction. Understanding these costs ahead of time will help you feel financially prepared before moving forward with a transaction.
Seeking testimonials from previous clients
Inquiring about the experiences of past clients can provide valuable insights into how the Realtor operates. It's important to know if previous clients were satisfied with their services and if they would recommend them. You should be able to find testimonials on the Realtor’s website or other review sites. Reading online reviews can provide a comprehensive overview of what it’s like to work with the Realtor and the level of customer service you can expect.
How to find a Realtor: Pointers for buyers
Determining how the Realtor will assist you in finding a house within your budget
When engaging a buyer's agent, it's essential to understand how they plan to help you find a home within your price range. An expert Realtor will leverage their knowledge of the local real estate market and their network of professional contacts to identify suitable properties. They can connect you with off-market properties or help you find up-and-coming homes you would not otherwise have access to. Ultimately, your Realtor’s insight into the local housing scene is an immense help throughout your online home search.
Discussing the Realtor’s negotiation strategy
Your Realtor will represent your interests and goals during negotiations as they communicate with the other party. Therefore, understanding their negotiation strategy can give you confidence in their ability to secure the best possible deal for a home you love.
Identifying potential challenges in the current real estate market
Every real estate market has its own set of challenges, and it’s not uncommon to encounter roadblocks and setbacks along your home-buying journey. Discussing these potential obstacles with your agent can help you navigate them effectively. You want to team up with a Realtor who is prepared to meet any challenges head-on.
How to find a Realtor: Tips for sellers
Estimating the asking price for your property
One of the primary tasks of a seller's agent is to determine the right asking price for your property and develop a solid selling strategy that attracts buyers. This is based on various factors, including the property’s condition, location, and trends in the local real estate market. You want to partner up with an expert Realtor who is highly in tune with the fluctuations and predictions of the local market to set an accurate, competitive price for your property.
Discussing potential home improvements to increase property value
When preparing to sell, your Realtor should be able to suggest upgrades or renovations that may uplevel your home’s appeal and raise the value of your property. An experienced Realtor is ready to suggest appropriate improvements based on market trends and buyer preferences.
Understanding how the agent plans to market your property
A strategic marketing plan is essential to attract potential buyers. It's important to understand how the Realtor plans to showcase your property’s features, including their online presence and marketing channels. A savvy marketing strategy makes all the difference in the offers you will receive.
Get started with Dina Piterniece
If you’re seeking a trusted Realtor who promises exceptional customer attention, insightful market knowledge, and up-to-date negotiation strategies, look no further than Dina Piterniece. Dina is ready to guide you toward your real estate goals all across the Denver metro area, whether you’re beginning your online home search or listing your beloved home on the market. So, if you're hoping to buy or sell a home or have any questions about the Colorado real estate market, contact Dina Piterniece today.
*Header photo courtesy of Shutterstock