Thursday, February 5, 2015

5 Things To Ask from Your Realtor

Get to know your realtor and make sure he’s the right agent for you. To start with, ask him for these five basics.

1. The realtor's license.
Your realtor should hold a valid license to practice in this field. To make sure you're working with a certified professional, ask the realtor to show you his license or proof of his certification.

2. Professional background.
How many years has the realtor worked in this field? What's his success rate, and does he have any complaints filed against his record? Ask your realtor for his resume and his professional record.

3. A comparative market analysis.
A comparative market analysis -- the CMA, or "comps," in realtor parlance -- is a report detailing similar properties that have sold, or are currently pending sale, within the neighborhood. In other words, it's your former and present competition, so to speak. The CMA notes how much the properties have sold for or are currently priced at. It's a way to determine how much you should offer for a similar property, or how much you should receive for yours.

4. References.
Your realtor should display professionalism and a personality that you can work with, long-term. Before you hire him, ask for at least three references, preferably from previous or existing long-term clients of his. Contact these references to verify the realtor's efficiency, credibility, and good character.

5. Contact details and availability.
Discuss your realtor's availability from the get-go. Save his email address, mobile phone number, office number, and office address. Ask for his working hours and when, and how often, he can respond to you personally.


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