Tips on choosing a real estate broker for sellers and buyers

Real estate broker

Have you thought that the success of your deal depends on the broker too? Learn how to find a reliable real estate broker and why it's important.

Real estate broker choice: what to keep in mind?

Real estate broker choice: what to keep in mind?

It often happens that people planning to sell property hire the first broker they see and entrust him a deal worth thousands of dollars. Is it reasonable to make the choice so quickly? What should you learn about a broker to hire this person?

 

You might have heard that getting a real estate license as a broker is a quite simple task, so there are thousands of novice brokers who enter the market every year. But are they experienced enough to cope with pricey deals? Some experts complain that people make the choice of the realtor occasionally without trying to learn who is a good agent and whose services are better to avoid. The majority hires people recommended by someone familiar, but it doesn't mean that you'll be fully satisfied with the choice. Nobody wants to be treated by a surgeon only because he is a good person, it's important to know how professional and experienced this doctor is. The same goes for real estate brokers, so you should know how to choose one both if you are a seller and a buyer!

 

Good broker for sellers

Good broker for sellers

When a person decides to sell a home, he needs someone to price it respectively, start an effective marketing campaign, and conduct price negotiations that may lead to significant discounts.

How to find such a person? If you don't have anyone to hire, look for advice from colleagues and friends you trust. You can also visit a brokerage company and ask who has completed deals in your area successfully recently or read reviews from other clients who always praise good job and try to secure others from hiring the wrong person.

 

When you find several candidates, hold an interview with each of them. Ask about experience in your neighborhood and if not, ask to recommend a trustworthy specialist to you. It's great if a broker has much experience mentioned in a resume, but a huge list of achievements may distract your attention from a skillful and full of energy young real estate agent working great too.

You can also ask a broker to show his listing presentation as well as visit other properties with him or her to understand how he is going to act when buyers of your property will turn up at showing.

Be careful with brokers who tell you only those things you want to hear. Even if he evaluates your home in millions of dollars, and you understand that it's far from being the truth, it's better to avoid such so-called professionals. The same goes for brokers who emphasize the perfection of your property and don't spot any imperfections. You'd better hire a sincere and direct person than a handshaker.

One more aspect that plays an important role is how pleasant your broker is. Too strict and determined negotiators may push people off, so look for an agent who appeals to others but also can close deals with benefits for you.

 

Choosing a broker for a buyer

Choosing a broker for a buyer

If you hire a broker to purchase property, look for a professional to ask important questions. He should be interested in timing, your budget, and mortgage prequalification, for example. It's also important to choose a person well aware of the area you like, knowledge of the specific housing types, and good negotiating skills.

A reliable buyer's broker should also be a careful listener and have a good intuition to choose a really worthy estate. This person can not only follow your instructions strictly but also be courageous enough to offer buyers decent home examples even if they don't exactly meet the requirements issued.

 

Sometimes it's possible to hire a team of brokers where every person is responsible for one narrow direction like marketing or staging. However, when you work with several people simultaneously, not all of them will have a clear understanding of what you really need in fact. Therefore, you should explain to everyone on the team what your requirements are and ask every person to deal with only one direction they usually do. 

How to break up with a broker

There's no sense in dealing with a person who can't meet your expectations, so break up with a broker easily. Despite a possible listing agreement that usually lasts for 6 months you can stop cooperation with a broker by warning him about not accepting any offer he'll make.

When it comes to sellers, they should ensure they have a list of contacts a broker spoke to. Otherwise, they may lose potential buyers even if they made an offer and it was accepted. The best way to do that is to sign a contract with a broker and indicate a period there when he or she's eligible for claiming a credit for people on the list.

Written by
Andrew Zlobin
CEO/Founder of spotlessagency.com

Related entries

When it comes to 3D modeling, virtual staging, and architectural rendering, we know that you want the details of how it works and how it can benefit you and your business. These recommended articles will give you the inside track on everything we do, and we’re sure you’ll find them to be as entertaining as they are informative.

image

Real Estate

Top 5 Home Selling Mistakes To Avoid In 2023

It happens that real estate may remain on the market for several years and there is hardly any client wishing at least to look at it let alone buy it. Why does it happen? Unfortunately, it may be the result of rough mistakes made by the seller. Today it is important to make up a strategy to sell a home for the reasonable money and within a short period of time. Some people ignore this not understanding that in 2023 it is not enough to make several amateur photos and set the price. That is why there is a list of sellers’ common mistakes to avoid and be more successful with selling homes

Read article Read article
image

Real Estate

Fancy cars for real estate agents: Yes or No?

It is not surprising to see successful real estate agents who drive luxurious cars. Moreover, since their job involves moving around the neighborhood, city, or even a state, the car seems to be a necessity rather than a luxury.

Read article Read article
image

Real Estate

10 Cities for making a real estate career in 2019

Real estate business differs from one city to another. Every market has its own hot time, and if in one city, it can be easier to build your career in this industry, another city or town can be a real hell for new and even experienced real estate agents.

Read article Read article
image

Real Estate

6 Tips for realtor how to survive a holiday season

Real estate business has its peaks and lull. The holiday season is usually a difficult period for real estate agents since the number of deals, as well as buyers and sellers, decreases greatly. The reason for that is people’s desire to take a vacation, celebrate and just rest. It is also the time when realtors have time to take a break and gather all their strengths for the upcoming season.

Read article Read article
image

Real Estate

7 Things which differ top realtors from others

Real estate business is a tough competition where only 5% of real estate agents manage to get to the top. In fact, it is a goal of every newbie realtor to become once a top real estate agent and they’ll often start off by referring to colleagues as well as resources such as this InboundREM Real Estate Prospecting tutorial and similar guides. At the same time, top realtors behave and act in a different way from their colleagues. Having reached some success in this industry they change their strategies and start acting in a different way. What exactly changes? Look through 7 things top real estate agent do that others don’t.

Read article Read article
image

Real Estate

How to plan a vacation for real estate agent

It is not a rarity that real estate agents have no time for their rest. Any break in the activity may result in a smaller number of leads and a possibility to miss a good deal. That is why they prefer to work all year round and forget about holidays and vacations. If real estate agents who work in the companies have scheduled vacations, independent contractors and entrepreneurs should decide that themselves. Considering a vacation a real luxury they can devote time to it only when there is enough money but such a moment almost never comes. They usually postpone it for better times and they come very rarely. If you are one of those who cannot find time for a vacation but realize the importance of good rest, learn these 3 strategies and never neglect this time.

Read article Read article
image

Real Estate

10 Tips For a Real Estate Agent To Become a MILLIONARE!

The modern era provides many chances for people to become self-made millionaires in different professions. Real estate industry is not an exception. Agents get awesome commissions for their work so there are many possibilities that they can feel confident getting elderly and never hope only on pension. At the same time, it often happens that realtors who have been wealthy during their career turn out to have no savings behind their back and have to get used to living poorly. If you are a real estate agent who wants to have a careless life in the elderly age, consider these simple tips while you are young.

Read article Read article
image

Real Estate

25 Shocking facts every real estate agent should know

Statistics is a science which plays a very significant role in many industries and real estate business in particular. Realtors should always keep up with the trends and stay up to date to confirm their professionalism and awareness of the industry in the eyes of clients. Real estate business is highly competitive so it is very important to be informed about the latest statistics and use this information working with clients and getting more leads. We have prepared real estate agents 25 examples of overwhelming statistics connected with real estate business.

Read article Read article
image

Real Estate

5 tips on how to create an office atmosphere at home

Many people enjoy working from the comfort of their homes, especially if they used to change an office for it. It is possible to forget about a commute, early wake-ups, hunger, smart clothes and make the working process relaxing and comfortable. However, you will spot that working from your bed or armchair does not bring about those great results like a strict office atmosphere. In some time, almost every office employee comes to the conclusion that it is necessary to create an office design at home not to compensate on work efficiency. This solution has especially become incredibly popular with people recently when millions of people had to ‘stay home’ because of the pandemic but still have to complete the same amount of work. It goes without saying that a dining table or a bar top can serve as surfaces for a computer and papers, but they can’t replace a comfortable office place fully. Therefore, it is very important to find space for your home office and put effort to create a comfortable working place following these design tips.

Read article Read article
image

Real Estate

Income of a real estate agent: 4 steps to understanding

The first thing that attracts people in realtor job is a possibility to get a high commission for every completed deal. However, not everyone realizes that every deal includes an abundance of work done and a realtor does not receive the total amount of the commission too. It is necessary to have an understanding that income of a real estate agent can consist of several parts and it depends on the way this person is employed. Most of the modern agents are employees of brokerage companies, so it is possible to count their possible income considering the following 4 aspects.

Read article Read article

If you have any questions we will happy hearing from you

Address

610 West Broadway, Suite 201

Jackson WY, 83001

New services are available

for our New York clients

Dear Friends, We are happy to inform you that Spotless Agency now provides Real Estate Photography, Virtual Tours and Floor Plans services.
Schedule your photo shoot now!