Conduct a Thorough Search for a
Realtor That Will Represent You.
If you imagine that automobiles are sold like real
estate, you can see why you need to shop for a Realtor of your own. Imagine there
are no more car lots or dealerships. Instead of working for dealerships, all car
salesman are freelancers, working for anyone. New cars are just parked on streets
all over the place and they have "For Sale" signs on them. So if you want
a Ford, there are no more Ford dealerships you can go to and look at all the new
cars. No more Lexus dealerships or any other kind of dealerships, either. If
you want to look for a new car on your own, you just drive around and see what you can
find. Even then, you can only look at the outside, because you don't have the keys.
However, there are a group of individuals who have the keys and are
hooked into a computer that tells them basic details about all the vehicles and where they
are all located. They get paid a commission for selling the cars. Some of this
new type of car salesman just sit around with their list hoping for people to call on ads
they run. Some of them, however, also go out and locate the new cars, physically
inspect the interior and exterior, and flip on the ignition to listen to the sound of the
engine. They are interested in finding the best cars so their customers refer
future clients to them.
As a buyer, who would you rather deal with? Someone who has a
key and a list? Or someone who really expends some effort to make sure they have
satisfied clients?
You want someone good working for you.
How
to Conduct the Search for a Good Realtor
One way to find candidates to interview is to talk to professionals
from real estate related professions and ask their opinion. If you know someone who is
employed as an escrow officer, title representative, homeowners insurance salesman, or
loan officer, they will be able to recommend Realtors from the area they work in. If you
talk to a loan officer, be sure it is someone who deals primarily with purchase money
first trust deeds and mortgages instead of refinances, second trust deeds, or finance
companies. Since the latter do not deal with Realtors on a regular basis, they will not
know who to recommend.
You could just make phone calls to real estate offices and ask
questions. Ask the manager to recommend someone or ask a Realtor who he/she would
recommend from another office. This will be a little tricky because the Realtor you ask
will be "giving away" a commission, but you will find out who they respect as a
competitor.
A new alternative to finding a Realtor is the internet. Look for
Realtors who advertise themselves, not property. That way you have a pretty good idea you
are getting a "buyers" agent instead of a listing agent. Look to see if
their web page offers something to you in the way of information or other services instead
of just telling you they are "number one." You want someone of value to
represent you, not someone who is full of "puff."
Interviewing
a Good Realtor
When you interview Realtors for the job, you want someone who will
be concerned about you and will take care of your interests. You want someone who
demonstrates ready knowledge of homes available for sale and does not have to call you
back after they "check on the computer." This ready knowledge demonstrates they
have actually been out previewing homes and dont just sit around waiting for the
phone to ring. You also want someone sharp enough to ask you questions as well, including
your financial and debt information. By asking these questions, a good Realtor will be
able to determine the proper price range you should be looking in. By asking about your
family, an agent will be able to tell if what you need in a home is something available in
your price range. You want a Realtor who is bold enough to talk straight with you instead
of always telling you what you want to hear.
When
a Realtor Asks to Meet With You
Finally, any decent agent will always ask for an
appointment to meet with you, too. It is only natural, since they earn their living by
commissions. However, Realtors are also supposed to act as your agent, looking out for
your interests before their own. You want a Realtor who takes that responsibility very
seriously. If someone seems too much like simply a salesman, then maybe you should look a
little further.
copyright
1999 by Terry
Light and RealEstate ABC |