What Attributes to Look for in a Real Estate Agent
Working with a real estate agent helps potential buyers and sellers navigate the entire process. Vast knowledge of how to undertake these transactions makes them a huge asset. Most people have little time to weed through endless potential buyers or do research about an area and its potential.
A real estate agent who's properly trained and prepared already knows these details and can dramatically expedite the process and help make it as painless as possible.
Knowledge of the Area and Current Market Conditions
One of the main things to look for when choosing a real estate agent is how well they know the area and if they know and understand the current real estate market in that area. Some information they should know includes the following.
- School details
- Taxes
- Attractions
- Job market details
This speaks to their desire to help navigate the process for their clients and provide detailed, accurate information. This information helps potential buyers and sellers understand the challenges they face and potential outcomes.
Accolades and References
Having the proper references speaks to the skill of the real estate agent. If they have a solid portfolio of references from their work over the years, it's an indication of the quality of service they bring to the table. You'll also want to consider any accolades and awards they amass over the years.
Ask About Their Fees
On average, the typical commission or fee is between 5% and 6%. Keep in mind that some real estate agents can even reduce their fees to motivate clients or help them in particular situations.
If they charge more than the average amount, it can be an eyebrow-raiser. Check the fees in the area and see if theirs matches.
What is Their Designation?
If you want to sell a home, you need an agent specializing in that type of transaction. Likewise, you'll need a different kind of specialist designation for buying a home. Some agents can do both, and some are brokers.
Determine which type of agent you need and make sure the agent you contact fits your needs. Some agents, such as brokers, can do it all but may have specialists in their office you can work with too.
Realtor vs. Real Estate Agent
There's a difference between a Realtor and a real estate agent. The Realtor is a licensed individual whose a member of the National Association of Realtors. They have certain guidelines and laws in place they must follow, unlike a real estate agent.
The same goes for real estate agents vs. brokers. Brokers have a special license that requires additional training and certification.
Grand Rapids Real Estate Professional
People who want to work with a real estate agent with all the attributes that make an agent great should consider working with an agent like The Sprich Group. We are a Grand Rapids realtor with vast knowledge of the industry and a desire to help our clients achieve their dreams.
Whether it's buying or selling, we can provide options and support to individuals through the entire process and help make sure everything goes smoothly. Contact us today to get started.
