Signs Of A Great Estate Agent
Properties are being sold everywhere. You will see a lot of signages with "Property For Sale" written on them, especially in NJ. If you browse the internet, you will also discover a long list of houses and commercial spaces being put up for acquisition. With a big number of real estate available in the market. it's a challenge to sell or buy your property without the help of a professional. Newbies experience different struggles when dealing with property transactions. This is one of the major reasons why you need a realtor by your side, in case you are looking to buy or sell real estate.
What is a realtor?
A realtor is typically a real estate agent who has a license to sell and buy properties. She or He can be an individual or a company that helps sellers and buyers find what they are looking for. When a realtor is licensed, he is a member of the National Association of Realtors, which is considered as the largest trade group in the country. Realtors have higher ethical standards than real estate agents who are not licensed.
Signs of a Great Real Estate Agent
If this is your first time hiring a realtor or an NJ Real Estate Agent, here's a good list of what you should look for when choosing one.
1) Years of Experience in the Industry
The first thing you have to consider is the real estate experience. Because there is a good market for real estate, the number of people who are interested to become agents or realtors is increasing. This means that you will likely encounter people who are not experienced enough to lead you to a great property deal. You will end up not getting the best choice in the market, especially in terms of pricing.
When looking for a buyers agent, ask how many years he has been in the industry. Inquire about the successful deal she closed for the past years and what types of clients she is serving. In this way, you will learn if the realtor can find you the best deal in the market using his years of experience. You will also know how knowledgeable she is when it comes to properties and the market as a whole. Our friends and family have had great success using Natalya Price on both the buying and selling sides of NJ real estate.
2) Complete Permits and Licenses
Even in real estate, scammers are everywhere. People who pretend to be good realtors will fool you by offering properties priced at above their fair market values. If you are a first-time buyer and you don't know how pricing in the real estate industry works, you will end up paying for the wrong price if you don't do background checks before you deal with a realtor.
Many well established realtors will come with a long list of trusted vendors to help you through this process. Contractors, New Jersey Movers, Self storage, Mortgage brokers, Interior Designers
Checking for complete permits and licenses is important because it will save you from transacting with the wrong people. You will be saved from scams if you will choose someone who can legally enter into a real estate transaction. Before you sign a deal, make sure to ask for the complete set of permits and licenses. If they can't show you documents, you should better look for other options.
3) Offers Many Property Options to Choose From
One sign that you have found a great estate agent is that he or the company offers many properties to choose from. A good realtor shouldn't just give you one property to buy. You deserve to select the one you desire from a list of good properties. When scanning for the options you have, don't forget to consider the factors that might affect your decision including the size of the property, its condition, the total contract price, and the payment options. It's always good to have a realtor that will show you many options so you can decide based on the budget you have.
4) Open for Negotiation
A good realtor is always open for negotiation. The pricing in the real estate industry is on average. If you are a buyer, you will find properties with the same size and condition being offered at different prices. If you are a seller, you will find competitors who price their properties better than yours. With the right realtor, you don't have to face the hassle of competing in the market. You can always negotiate the price and the terms you prefer. Plus, it's easier to close the deal once the realtor agrees with the negotiation terms.
5) Gives Discount to Loyal Clients
When looking for a great estate agent, find someone who gives discounts to loyal clients. This is beneficial for you, especially if you are planning to sell or buy many properties in the future. Good realtors use this as their strategy in order to retain clients. They use discounts and promotions so they can also get the network of their previous customers. You can use this to your advantage by simply availing of the discounts and promotions they offer.
6) With a Referral Program
A referral program can be your advantage too. When your realtor offers a referral program, you will likely get discounts and freebies when you successfully referred a client to them. This works by simply recommending the realtor to your friends, relatives, and acquaintances. With a referral program, you are not only helping your realtor to make sales. You are also giving yourself a chance to save money on your next property transaction and helping your friends hire the best realtor in NJ.
7) Transparent When it Comes to Property Information
Transparency is very important in real estate. Before you decide to buy, you need to know the current standing of the property you are interested in. Asking questions like why the property is being sold, how long has it been for sale, why it has never been renovated, why is the price lower than the fair market value, etc. is a good start to know if the realtor is transparent or not. If she is transparent, she will be able to give you the complete property details including the answer to your inquiries. Zillow can also provide you with a fair amount of information
Looking for a transparent realtor will save you from trouble in the future. If you don't ask for property details beforehand, you might end up buying properties with outstanding mortgages, legal cases, and tax liabilities. Note that there are real estate agents that don't disclose this information so that clients will not decline the property, which is not good business ethics. You need someone transparent and trustworthy when you are dealing with properties.
8) Knowledgeable About Property Laws.
Property laws state your rights and privileges as a buyer or seller of a property. It's a good defense especially if problems arise before and after you buy or sell your property. But, not everyone can comprehend the laws properly. Even if you read or study the laws, you still need someone to guide you all throughout the legal process. Hiring a lawyer is an option but finding a good realtor can save you from paying extra professional fees.
Knowing the property information alone is not enough. You need a good realtor to introduce you to the basics of property laws as a buyer or a seller. Being knowledgeable about property laws is a good sign that you are dealing with the right person or company. Even if you don't have enough knowledge about property buying and selling, a realtor can give you expert advice that you can use to decide better and choose the option that best suits your preference.
9) Knows How to Give outstanding Customer Service
There are hundreds of realtors in NJ. You will see companies and individuals offering the same services but not all of them have outstanding customer service. Some are disrespectful and some won't even entertain new clients who have a low budget for properties.
Customer service is important as this is one way to tell if the realtor is treating their clients right. Remember that when dealing with property transactions, talking about properties and money is not enough. You also have to make sure that the realtor has good behavior and easy to deal with. You have to entrust your property with someone who respects you like a professional, not someone whose respect depends on how much you are willing to spend to buy a property from him. A good realtor should be fair.
10) Provides Open House and Property Viewing
Finally, a good realtor should be offering an NJ open house or property viewing. In this event, you will see the exact condition of the property you are about to buy. You should not enter into a transaction with a NJ realtor who doesn't give you the chance to take a look at the real estate first as this might be another scam. When you do a property investigation with the realtor, you will be able to find if the description of the real estate is matched with the actual condition of the property. It will also help you decide whether to push through with the transaction or consider other options. A trustworthy and great estate agent should offer you property viewing before you both sign an agreement.
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