Regardless of whether you want to sell or buy property, it can be helpful to seek the advice and expertise from a prospective real estate brokers. If you are not particularly familiar with the real estate market, you could be forgiven for feeling a little apprehensive of just relying on the word of a so-called expert. This is why it is important to vet real estate brokers and one way you can do this is by asking questions that will tell you a lot about their ability and experience.
How Long Have You Been In Business?
This is perhaps common sense, but it is nevertheless essential that you ask them how long they have been in business. It’s not just the number of years they have been practicing that you should be interested in, but how many buyers/sellers they have worked with and if those clients had similar needs to yours.
You should ask if they have any references or testimonials they could share with you or even contact details of previous clients, so you can investigate from the horse’s mouth what they are like to work with.
What Types Of Properties And Geographic Area Do You Handle?
As different geographic areas and property markets have their own unique quirks, it is wise to ask real estate brokers where their expertise lies. After all, using the services of a realtor who only has experience handling rural properties is no good if you are looking for a city-centric condo.
What Methods Of Communication Do You Use?
Communication is a key factor when it comes to buying and selling real estate, as a breakdown in communication for just an hour or two can result in missed opportunities such as the property of your dreams. Therefore, it is vital that the real estate broker you choose to work with can contact and be contacted quickly, regardless of whether it is by fax, phone, text or email.
It is also important to ask who will be your main point of contact, as many busier real estate brokers work with a team of sub-agents and assistants, who handle the more day to day tasks. This could mean that you may not have access to the real estate broker you choose, and can be a deal breaker if you feel more confident with the realtor you met with on your initial appointment.