6 Strategies for Selecting a Trustworthy Real Estate Professional

Feb 24
06:50

2024

Brad Sage

Brad Sage

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Finding a reputable real estate agent is a pivotal step in the journey of buying or selling a home. A skilled agent not only streamlines the process but also brings a wealth of knowledge and negotiation expertise to the table. However, with so many agents vying for your business, it can be challenging to identify the one who will best meet your needs. Here are six strategies to help you connect with a real estate professional who is experienced, attentive, and well-versed in your local market.

Seek Personal Recommendations

Referrals from friends,6 Strategies for Selecting a Trustworthy Real Estate Professional Articles family, or neighbors are invaluable when searching for a real estate agent. A recommendation based on a positive experience provides insight into an agent's ability to satisfy clients. Look for an agent with a strong track record of customer satisfaction and local market expertise. According to the National Association of Realtors, 41% of buyers in 2021 used an agent that was referred to them by a friend, neighbor, or relative, and 90% of buyers would use their agent again or recommend them to others.

Conduct an Online Search

While online directories can be a starting point, they may not always reflect an agent's quality, as some listings are paid placements. Instead, search for top-performing agents in your area and visit their websites to review their credentials and client testimonials. Newer agents may have more time to dedicate to you, while experienced agents bring a depth of market knowledge.

Experience Agents at Open Houses

Attending open houses allows you to interact with agents in a casual setting. Observe their professionalism, communication style, and marketing materials. This firsthand experience can be telling of how they might handle your own real estate needs.

Monitor Local Real Estate Signs

Take note of how quickly homes in your area are selling and which agents are behind those sales. An agent with a high turnover rate may be more effective than one with numerous unsold listings. This can be an indicator of an agent's ability to successfully navigate the market.

Understand the Role of Printed Advertising

Agents use print ads for two reasons: to sell properties and to market themselves. By examining local real estate ads and the agents' online presence, you can identify those with a focus on your neighborhood. Reach out to discuss their services and local market knowledge.

Get Referrals from Industry Professionals

Other real estate professionals, such as mortgage brokers, can be excellent sources for agent referrals. They often have firsthand experience with agents and can recommend those who provide quality service. However, be aware that referral fees may influence their recommendations, so ensure they are suggesting the best agent for your needs, not just the one who pays the highest referral fee.

Interesting Stats and Data

  • Real estate agents with 10 years of experience can sell homes for an average of 10% more than those with less experience. (Source: National Bureau of Economic Research)
  • 89% of sellers in 2021 were assisted by a real estate agent when selling their home. (Source: National Association of Realtors)
  • Homes listed with a real estate agent sell for an average of 33% more than FSBO (For Sale By Owner) sales. (Source: National Association of Realtors)

When selecting a real estate agent, it's crucial to choose someone who aligns with your specific needs and can offer personalized guidance throughout the buying or selling process. By following these strategies and considering the data, you'll be well-equipped to find a professional who can help you achieve your real estate goals.