When it comes time to buy or sell a home, it’s highly recommended that you engage the services of a real estate agent. These professionals are highly experienced in listing, negotiating, and all the other aspects of a real estate transaction. In addition to that, they often have the local expertise that you’ll want on your side. But how do you find the right partner for your real estate journey? Here’s everything you need to know.
What you need to understand about real estate professionals
The distinction between a real estate agent and a broker
Real estate agents and real estate brokers play different roles in the real estate market. A real estate agent is typically a licensed professional who helps buyers and sellers in real estate transactions. An associate broker or real estate broker, on the other hand, has more educational requirements and can own or manage a brokerage. The broker supervises the real estate agents, providing an additional layer of oversight.
Realtor compared to real estate agent
While the terms Realtor and real estate agent are often used interchangeably, they are not the same. A Realtor is a member of the National Association of Realtors and adheres to a specific code of ethics. A real estate agent may or may not be a Realtor, and thus the level of commitment and ethical guidelines may differ between the two.
Functions of an agent
A real estate agent serves as a mediator between buyers and sellers in a real estate transaction. They assist in finding properties that meet the buyer's requirements, negotiating deals, and finalizing contracts. Sellers' agents, also known as listing agents, help in pricing, marketing, and selling properties. Buyer's agents, on the other hand, assist buyers in the purchasing process.
Questions to pose to real estate agents
The agent’s previous experience
Understanding a real estate agent's past experience is crucial. Asking about their years in the business, certifications like Certified Residential Specialist, and areas of expertise such as investment properties can provide insight into finding the right real estate agent.
Direct dealings with the agent or with an assistant
It's essential to know whether you will be working directly with the real estate agent or an assistant. Understanding the chain of communication ensures a smooth buying or selling process.
How the real estate agent gets paid
Understanding how much money a real estate agent will make can provide clarity about their motivations and how they are compensated. Most real estate agents work on commission, but understanding the specifics of the agent's real estate license and payment structure is wise.
Feedback from previous clients
Inquiring about past client experiences helps in assessing the quality of the agent. Personal referrals, online reviews, and testimonials from previous clients can guide you in selecting the best real estate agent.
Tips for buyers in finding a real estate agent
Assistance in finding a home within your budget
Finding the perfect real estate agent includes discussing your budget and understanding how they can assist in finding properties that match your financial comfort zone. An accredited buyer's representative might be the best choice for this specific need.
Negotiation assistance for a better deal
Your chosen agent should have market knowledge and negotiation skills to help you get a better price. Understanding their negotiation strategy ensures that your best interest is prioritized.
Current real estate market challenges
Discussing potential obstacles in the current real estate market with prospective agents helps prepare you for the process ahead. The local real estate market may have unique challenges that only an experienced agent can navigate.
Tips for sellers in finding a real estate agent
Ask about the suggested asking price and the reasoning behind it
A good real estate agent will provide a thoughtful assessment of your property's value. Understanding their pricing strategy and how it fits into the local market ensures you're getting a fair price.
Home improvement projects that will increase value
Understanding which home improvement projects will enhance your property's value helps in preparing the property for sale. Your agent's knowledge in this area can significantly affect the selling process.
Marketing strategies for selling your home
Discussing the marketing strategies with the real estate professional ensures that your home reaches the right audience. From an agent's online presence to how they intend to market your property to other agents, understanding the plan is vital.
About RE/MAX TRU
The reasons for choosing RE/MAX TRU are numerous, including their special focus on new construction and relationships with Atlanta builders. They are the only brokerage to offer lead generation to individual agents and boast an excellent reputation with long-standing market relationships. The provision of mentoring, coaching, and administrative support, alongside transactional support and coordination, ensures comprehensive care. The 24/7 availability of brokers for hands-on management experience further sets them apart. The brokerage is also multi-award-winning and has the history and client testimonials to prove their expertise.
If you're looking to buy or sell a home or have any questions about the Georgia real estate market, contact RE/MAX TRU today.
If you're looking to buy or sell a home or have any questions about the Georgia real estate market, contact RE/MAX TRU today.
