Thursday, 25 August 2011

Utilizing A Real Estate Firm - Selecting The Right One

By Matt Nichols


Anyone who has experience in dealing with real estate will know that the major issue isn't whether to get a broker or not. Rather, they are worried about making sure they have got the best broker they can on their side when making the big transaction.

Despite the fees real estate brokers charge, in the end they will save you time, effort and money. Brokers help you sell your home at top price. They even help you find your dream home at a price you can afford.

After you decide to hire a broker's service, you need to create a list of multiple brokerage firms in order to find the best for you. It's also a good idea to get referrals from co-workers, family and friends. It's even a good idea to look around online and read reviews from others who used the brokerage firms you are considering.

Generally speaking, you need to go with the firm who best complements what you need. Once you have the firm, choose the broker from there.

Choose local reputation over national brand name recognition. Selecting a real estate brokerage firm that has a nationwide franchise does not guarantee that the agent they will assign will be top-notch.

A good real estate brokerage firm should be up to date with the latest trends, has agents that work full-time or more specifically on the client's time schedule, and agrees to an "out clause". It would also be a plus factor if the firm has connections with suppliers of other related services such as lenders and real estate attorneys.

With respect to the broker that you go with, they need to have a reasonable history of work and knowledge of the type of property in consideration. As well as having all the necessary qualifications, they need to be both personable and reliable, and give you enough time to understand the process.

There are brokerage firms that operate as dual agencies, wherein the agent will represent both buyer and seller. These are to be avoided since representing both is obviously a conflict of interest.




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