Real estate brokers are often
chosen solely on the recommendation of a friend or an ad in the newspaper. But
choosing the right broker can save you time, effort and aggravation in finding
the perfect home and selling your home quickly as possible. A great real estate
broker has long experience with recent sales and can walk a tightrope,
balancing optimism with realism and diplomacy with brutal honesty.
It is a good idea to talk to
recent clients for you to be able to assess results. Ask the real estate broker
to provide you with a list of what they’ve listed and sold in the last year,
with contact information; it is the real estate broker’s initiative to inform
you about the results of every transaction she or he have made. Since honesty
is the key point in such business. If you are the seller, ask recent clients if
their properties are similar to yours in price, location, and other salient
features and how well it went with the real estate broker.
Licensing is not easy. Most states
require agents to disclose their “agency” relationships to you early on. But
you’ll benefit if you ask the broker whose financial interest they will serve
throughout the sales process, and then that’s the time you hire a broker who
serves as a real estate broker alone. Since a lot of money is at stake, and the
situation is an inherent conflict of interest, it is the real estate broker’s
job to protect the deal and offer equal negotiation. Here, you must be able to
inquire before you sign with a real estate broker. Commissions are usually
substantial, so some real estate brokers will try to sell you anything. They’ll
tell you every house is the best house they’ve ever seen, every room is the
prettiest and your kids are going to love it. Be very careful with these type
of talks because you might buy the worse home in the block.
Since buyers are smarter these
days, they get to see flaws. A broker’s ability to attend to you instead of you
talking to his or her secretary is a sign of interest. Plus, this way, it
decreases your anxiety as you get frequent updates from the real estate broker.
Tampa Bay Realty LLC
1408 N West Shore Blvd Suite 1000
Tampa, FL 33607
(813) 908-0706
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