The Ultimate Guide To Hiring A Reputable Realtor in Philadelphia
Buying or selling a property is risky – make a mistake, and you could end up with huge losses. Whereas selling or buying the right way gives you value for your money. With high stakes likes these in play, it’s imperative that you make sure you are selling, buying or investing in real estate the right way. To that end, you need to partner with a reputable real estate agent. The right realtor could make a world of difference for people looking to sell, invest or buy real estate. However, with so many real estate agents vying for your attention, it can be overwhelming, and you might end up choosing a realtor on a whim.
Tips For Choosing The Best Real Estate Agent
When searching for a reputable realtor, it’s crucial that you work with an agency with a culture, drive, and objective that matches your needs. After all, you also want to have a great experience with your investment, sale or real estate purchase. But where do you start your search? Which qualities should you look for and which factors should you take into consideration? Here’s a glimpse at how to go about choosing a realtor.
1. Do Your Homework
The first thing you must do when searching for a reputable real estate agent is to do your homework. The right real estate agent could save you thousands of dollars. Therefore, you’ll want to make sure you get everything right from the start. Thoroughly research top real estate agents near you and find reviews and testimonials to get a clear picture of how they operate. Do they have specific working days? Are they familiar with your area? How many properties have they sold or purchased in the last year? Be sure to dig up as much as you can about your realtor before you go knocking on their door. You want to have the upper hand and prevent any surprises.
2. Ask For Recommendations
Talk to your peers or coworkers or relatives and ask for recommendations. Another way to get recommendations is through social media. Network on Facebook or Instagram and find real estate agencies that people love in your area. Talk to your friends and ask them if they would recommend their real estate agent. Third parties can approach the issue without bias and help you find a reputable real estate agent. Also, by talking to people around you, you can avoid unprofessional real estate agents and save both time and money.
3. Evaluate Their Customer Service
Today, customer experience is a differentiating factor between services. This is especially true when you’re having a difficult time choosing. It is essential to find an agency where they put your needs first. It can be frustrating to work with an agent who feels like they’re going out of there way to sell your home when you are already paying for the said services. Spend time with your realtor to find out whether they will listen to you.
You need an agent who is friendly, trustworthy and a great listener. To test whether a real estate agency cares about your needs, create a list of things you’re looking for in a property. Afterward, tell them to your agent and then, later on, talk to them and see if they even remember what you specifically said you wanted. If they remember, then that’s a sign they value their clients. If they don’t, then start searching for another agent.
4. Ask For References
The next step is to talk to some of the agent’s clients. Find clients whose need or projects are similar to yours and inquire about the quality of services plus the cost. Talking to people who have walked down the same road will point you in the right direction.
5. Know The Agent’s Specialty
Many homeowners and real estate investors have found themselves frustrated as a result of assuming that all realtors are equal. The truth is that different real estate agents deal with different property. For instance, some will work with both residential and commercial real estate. Whereas others will work exclusively with either commercial or residential property. Also, some will deal with luxury homes and others with mid-range price houses. Whenever you’re hiring a real estate agent, find out their specialty.
Are they good at buying or selling? Do they specialize with your type of property? How many homes like yours have they sold or bought? Understanding your agent’s area of expertise will help you to confidently pick a realtor knowing they are more than qualified to help you.
6. Check For Experience
Learning to sell and buy property within a specified time frame while meeting the client’s needs requires experience. Look for a real estate firm with a team of trained and experienced agents. An experienced realtor will often have skills which you would otherwise miss if you choose a greenhorn. Moreover, if they are experienced, it means that they are adept at their job and have successfully learned the ins and outs of real estate.
Experience equals practical skills, and hence, an experienced agent knows how to deal with both challenging situations and emergencies. For instance, if there is a sudden change in the real estate market, they can calmly assess the situation and provide a quick solution that will save your money.
7. Test The Agent’s Knowledge
The other thing you need to do when hiring a real estate agent is to test their knowledge of the real estate market. Particularly, the sector that concerns you. For instance, if you’re interested in purchasing commercial property, ask them about trends in commercial real estate. Find out whether they are up-to-date and know the latest trends. An agent’s knowledge base could be what sets an agent apart from the competition. Interview your real estate agent and if you find that you know more about the market than they do, take that as a red flag and look elsewhere.
8. Focus On Your Needs
Lastly, focus on what you want. Clearly defining your needs will help you pick the right agent. Here, write down what you want and trust in your instincts. Sometimes, you can bump into a real estate agent with exceptional qualities but still feel like something isn’t right. Don’t get pressured into picking an agent. If something doesn’t feel right then it probably isn’t. There are plenty of agents and properties out there to choose from. Therefore, don’t work with an agent that doesn’t feel like your ideal realtor.
The Benefits Of A Reputable Real Estate Agent
Are you still sitting on the fence regarding whether to use a real estate agent or not? Here are 3 reasons to use a realtor when buying or selling property:
1. Agents Have Connections & Resources
One of the main benefits of working with a reputable real estate agent is their access to resources and networks that would otherwise be inaccessible to a homeowner. Any homeowner who has attempted to purchase or sell property on their own will tell you that it can be quite challenging. This is because they don’t have the connections or resources of a real estate agent. Agents can use the Multiple Listing Service tool to help you buy or sell a property.
Do you want to buy a home in another state without having to visit the property in person? Or maybe you want to avoid dealing with difficult buyers when selling your home? Regardless of your needs, a realtor is your go-to whenever you want a secure and reliable way to buy or sell real estate. Reputable real estate agents can handle all aspects of the transaction from start to finish. If you’re not interested in the intricacies of the transaction and would rather not be involved, you simply have to say what you want and step back and let your agent handle everything.
3. Expertise & Negotiation Skills
While markets and needs change in real estate, more often than not, there’s a trend. However, spotting a trend and knowing when and how to act upon specific changes requires expertise. A real estate agent knows when to back out from a deal and when to jump on one. Moreover, their experience in the field gives them an upper hand when it comes to negotiations. Considering the fact that a real estate agent is not emotionally invested in the property, they are able to remain objective and handle every transaction with professionalism. Also, a realtor can always tell when the other party is not straightforward regarding their side of the deal.
Give Us A Call
Even with the increase in real estate investors offering to buy property fast, realtors remain an integral part of the real estate process. Hiring a real estate agent is more than worth your investment once they land you that dream house. However, be sure to hire a real estate agent who has your best interest at heart. Working with the right agent can not only save you cash but can also save you from future headaches. So, put some effort into finding a reputable real estate agent. If you have any additional questions about real estate feel free to give us a call at (267) 666-0666. We will be more than happy to assist you.