13 tips for choosing the right real estate broker
Many friends want tips for choosing a real estate broker, so the topic of our article today will be the things you should consider when dealing with a real estate agent or real estate broker and the best tips for choosing real estate brokers.
Some people ask, are there really advantages to dealing with a real estate broker? Certainly yes, there are advantages and benefits from dealing with a real estate broker or real estate agent:-
1. Their experience in the real estate market and their extensive knowledge and relationships
2. Avoid scams
3. Great legal knowledge and their knowledge of the necessary papers when making purchases, sales or leases
4. Obtaining accurate information about your property in particular and the real estate market in general
5. Sell your house quickly compared to trying to sell it on your own
6. You will be reassured during the course of the buying or selling process
7. Saving time and effort in searching for a serious buyer
But also, caution must be taken when dealing with the real estate broker or agent because he wants to achieve the highest possible commission, sometimes this will agree with your personal interest and sometimes it will not agree. Therefore, in this article, we will give you 12 tips that enable you to choose the appropriate real estate agent that achieves your interests and goals.
1. Choose a real estate broker with knowledge of your area
Choose the real estate agent or real estate broker who has full knowledge of the area in which you want to buy or sell a property. You must choose the agent who knows the advantages and disadvantages of the area “neighborhood” in which the property is located, and who knows the level of prices in the area, and choose the agent who can tell you the movement of the market and its expectations Real estate prices in the future based on his analyzes of the market and the property that you want to sell or buy. A good agent is the one who knows the best time to buy the property and the best time to sell the property.
Choose the agent who, when you ask him about the area you want to invest in, tells you the level of all services in the area, for example, he tells you about the schools in the area and the level of teaching in them, and he tells you about the hospitals in the area and the level of health services provided therein, and he tells you about transportation in the area and its availability, and it tells you about the level of safety in the area. And the extent of crime and theft.
You also have to look for these things yourself to make sure of the honesty, honesty, experience and knowledge of the real estate agent in the area.
2. Choose a real estate broker with experience in the type of real estate you want
You should ask the real estate agent about the type of real estate in which he works. For example, if you want to buy commercial real estate, you will find real estate agents and brokers specializing in commercial real estate, and you will find real estate agents specializing in residential or commercial real estate.
For example: – If you want to buy agricultural land, you should look for an agent who specializes in buying and selling agricultural lands. This is better for you because you will choose the agent who specializes in agricultural lands, and therefore the real estate agent has more experience in it.
The difference between a real estate agent and a real estate broker – a simplified explanation
3. Visit real estate fairs
Search for real estate exhibitions in your country, real estate exhibitions in which you will find the most famous real estate developers and you will find all types of real estate, whether residential, commercial, tourist or administrative, even if you do not want to buy from these exhibitions, once you go to them you will get to know the real estate market in your country and you will get to know People interested in buying real estate can benefit from their experiences.
4. Do a search online
Search the Internet for brokers in the area where you want to buy a property, and search on the Internet for the real estate broker you intend to deal with. For example, if the broker has a website, go to it and know the type of real estate in which he deals and know the number of properties offered for sale on his site.
Search for the broker on social networking sites, you will find, for example, on the real estate broker’s Facebook page the opinions of the clients who dealt with him, and if you find someone who dealt with the broker and did not mention his opinion about him, then ask him by private message about his opinion of the real estate broker that you intend to deal with .
Were all sales operations carried out by the broker done properly or not? How long was the property offered for sale? Was it sold at the asking price or not?
5. Ask the broker about his strategy in marketing your property
Ask the real estate broker you deal with about his strategy in selling real estate. If he tells you that he will photograph the property, then he will put it on real estate selling sites on the Internet, and he will put a board in front of the property that says that the property is for sale, so avoid this real estate broker. You should You avoid dealing with a real estate broker who only does these things, because you can simply do these things yourself without the need for a real estate broker.
Real estate marketing is broader than photographing the property or placing an advertisement on real estate selling sites on the Internet, and therefore we discussed in a separate article titled Real Estate Marketing – 21 tips to become a professional in real estate marketing
5. Interview more than one real estate agent
Interview more than one real estate broker before determining the best broker to deal with. When you meet more than one broker, you can select the right person by evaluating all of them. After you compare the brokers on the basis of the points we mentioned in this article, such as the extent of his knowledge of the area in which the property is located and the extent of its presence on The Internet and its strategy in marketing your property, you must compare them on the basis of reputation, honesty and honesty. You do not have to deal with a person just because he is famous. If you are not psychologically comfortable with the real estate broker, you should not deal with him.
6. Make your relationship professional with the real estate broker
When you deal with any realtor in your life, your relationship with him must be professional only and within the limits of work only. You must not befriend him, meaning that you should not have a friendship relationship, and you must adhere to your appointments with him so that Howo adheres to his appointments with you.
7. Do not hesitate to go to a real estate agent
Sometimes, after contracting with a real estate agent, we discover that we have contracted with the wrong person. In this case, we must end the relationship and go to another better agent. This is not a love relationship. The real estate broker or real estate agent will take a commission from you for his services. By ending the relationship, your interest is more important.
For example, when you deal with a real estate broker and you find that he does not follow up with you and does not communicate with you about the property, for example, he does not contact you and tell you why the sale process was not completed by the people who inspected and visited the property, and he did not even tell you how much they priced the property and what they think about it.
And when you find that the real estate broker is unable to provide advice and advice, and he has no marketing ideas for the property, and you discover that he is unorganized and a hesitant person.
These previous things, if one or all of them appeared in the real estate agent with whom you deal, you must cut off your relationship with him and go to another successful person.
8. Choose the real estate broker who asks you
Real estate agents who take the time to get to know you, your goals, and your priorities are people who put customer service as their main thing and they are people who do not believe that there is an alternative to customer service. Therefore, it is better to deal with them.
9. Ask as much as you like
You should ask the real estate broker any question that comes to your mind, the successful real estate agent knows the answer to all questions before you ask them, and the real estate agent is one of his duties to answer all the client’s questions, no matter how important or unimportant these questions are, there is nothing to be embarrassed to ask.
10. License to practice the profession
You must ask the real estate agent about his license to practice the profession, and you must make sure that he is accredited by the country in which you are as a real estate agent. From the state and therefore has at least the necessary knowledge and knowledge.
11. Avoid overconfidence in the real estate broker
Never inform the real estate broker of the extent of your need to complete the sale or purchase of the property. For example, if you want to sell the property because you will travel to a new country to join a new job, then you want to sell the property quickly, even if you moved to a new city and want to buy the property quickly so that your family can join you. Never tell the real estate broker that.
If the real estate broker knows how much you need to sell the property quickly or that you need to buy the property quickly, he will use this as a pressure card against you when negotiating the price of the property.
Everyone must be convinced during the sales process that you want to sell or buy the property because of the investment, everyone must be convinced that you want to achieve the best gain, and it is known that the best gain comes through the best price.
It is important for the real estate broker to make sure that you have a sincere intention to sell or buy real estate, but he must be sure and make sure that you are determined on the fair price of the property and that you are determined on the market price, and you must make sure for yourself that you will carry out the sale or purchase of real estate based on the real value and price The real estate in the area where you intend to buy or sell.
12. Real estate broker commission
It is well known that the commission of the real estate broker in the Arab world ranges from 1.5% to 2.5% when buying and selling real estate. When dealing with the real estate broker, you must negotiate with him the percentage of his commission from the beginning, and you and the real estate broker must reach an agreement from the first moment, so there is no objection. To negotiate with him about his percentage at the beginning of the process, but after you agree with the broker on a percentage, you must make it clear to him that you will not pay him any amount in excess of this percentage in any way in the future.
And you should not try to contact the other party of the buying or selling process without the knowledge of the real estate broker, because by doing so you will threaten to complete the entire sale process, give the broker his right and take your right.
With the proliferation of online real estate buying and selling websites, it is no longer the realtor’s role to find the right property for you. Instead, it is the realtor’s job to work with you to come up with “the best possible price for your home.” Your real estate broker should act as your negotiating advisor. It is important, then, when meeting real estate agents to ask them about their experience in negotiating prices before moving forward.
You should ask any real estate broker about his negotiation strategy and its procedures, approach, or tactics, and he should be asked if he has a methodology that explains how he conducts the negotiation. If he does not have a strategy and methodology in negotiation, this does not necessarily mean that he is a bad real estate broker, but his negotiation skills are not sufficient.