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You and Your Realtor - Till Closing Do You Part

When people decide to put a home on the market, how do they decide which Realtor® to choose? Often people will list with the friend of a friend, but that's not the best bet. When it comes to business, you won't realize any advantages just because you signed with your child's dance teacher's neighbor.

First of all, you should learn the difference between just a real estate agent and a Realtor®. When an agent passes his real estate exam, he becomes licensed. But most agents join their local board of Realtors®, a division within the National Association of Realtors® (NAR). The word Realtor® actually is a registered trademark designating a licensed professional who has promised to uphold NAR's strict Code of Ethics.

In many states the guidelines established by NAR are more stringent than the state's laws governing real estate transactions. But no matter where you live, you should feel confident that your Realtor® will do five things for you:

* Put your interests above anyone else's.
* Maintain your information with full confidentiality.
* Follow your instructions, as long as they are lawful.
* Offer any information that blips across his radar if it might make a difference to you.
* Keep you apprised of all financial transactions.

So forget Aunt Mamie's cousin's boss's son. That person will do you no more good than someone you choose for yourself. Probably one of the most important requirements, then, is the amount of comfort you feel with an agent.

If you have a family of five rambunctious children, and your Realtor® personally just doesn't like children, he might get impatient with your kiddoes. Not that you should necessarily have them around during serious business, mind you, but whether or not you do should be your choice.

You should also feel comfortable talking about your finances with the Realtor®. If you really cannot afford to do a mortgage unless it's an FHA- or VA-type transaction, and your Realtor® has her nose up in the air, then look for someone else. Be open to your Realtor®'s suggestions, however; sometimes a good agent can show you ways that, for instance, a conventional mortgage will benefit you every bit as much as a program mortgage.

Be careful of choosing someone who might represent the seller as well as you. The first time you interview a Realtor®, he should define for you the state's guidelines for buyer's agent versus seller's agent. Inexperienced home buyers often think there is some benefit if they buy a home sold by the same company that their agent represents, but that's just not so.

Find out if your Realtor® practices real estate full time. Your best interests will be looked after more closely by someone who devotes all her working hours to this profession.

You really need someone who knows the area well. Therefore, someone new to the area or new to the field has to be ruled out. Sorry, let them get their experience practicing on someone else!

Your Realtor® should, of course, participate in a Multiple Listing Service (MLS). She should also be in good standing with the state. Visit your state's website and look for its professional licensing database; search for Realtors® and you should find an option to enter an individual's information.

If you're ever in the market for real estate in Conifer Colorado, be sure to visit http://www.conifercorealestate.net

Article Source: http://articlepicker.com

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