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Monday, August 07, 2006

The Ideal Real Estate Agent: Fact or Fiction?

Looking for the right real estate agent is like looking for the right house. It involves patience and being precise. More importantly, you should know the kind of person with whom you want to work.

Before you start listing down the qualities you want your agent to have, it is important to know where you'll start looking for him. Remember that it's never advisable to look for the property first, before getting an agent. Why is that? Chances are, you'd end up making a hasty decision contacting the agent who has listed the property you want. Never commit this mistake because those agents will always be representing the owner of the house or property you are buying, rather than you.

Instead, you should sift through classified ads. Many newspapers and magazines print the names of agents who have had experience in representing buyers. When you find the name that you think could be your ideal agent, check and double check for personal information, experience and other data that you think might affect your purchasing or selling decision.

Friends, relatives and colleagues are always good sources of information about where to find agents. Most of the time, agents that they refer to you, are those who have a good track record. Also, some agencies provide this specific service of assisting you in searching for an agent, depending on where you're based.

After you've learned where to look for real estate agents, take out your list of qualities for an ideal agent. If you're clueless about what those qualities are, remember one golden rule: it's important for your agent to understand your needs well, and be willing to work with you until these needs are fulfilled or satisfied. It's equally important to have an agent that has a sense of professionalism, is familiar with the area where the property you're considering is found, and knows the cost you're are willing to pay. Furthermore, It also helps if the agent you're considering has professional designations – either a GRI (Graduate of the Realtors Institute), or CRS (Certified Residential Specialist.) Some people, however, wouldn't bank on any of these qualifications. Instead, they'd rather get the services of an agent who previous buyers have recommended.

OK, after you've chosen a particular agent and decided to meet the person, it's important to ask a few questions that could affect your decision in hiring. For example, How long has the agent been in the real estate business? Is he working full-time or part-time? Is he familiar with the area where the property you are eying is located? How many sales did he make last year? How many buyers and sellers is he working with currently?

The bottom line is that buying a house or a property is a major transaction. So it helps to ensure that you're guided by, or dealing with, someone who makes the whole process a smoother one.