How do you pick a realtor?

[malkin]

There are so many and many seem so sleezy!

[bmccasland]

One place to start is with reputable companies - ie larger firms. Or recommendations within your search area. My bank has a contract relocation program (lots of military customers) and I've had good luck with the realty companies they've put me with (Coldwell Banker) when I've moved cross-country. There is a certification program, and the realtors will wear a Realtor lapel pin. Your realtor should represent you, as either the buyer or the seller, looking out for your interests.

[shootingstar]

I agree to choose a realtor who is knowledgeable/specializes in a particular part of the area that you are selling/buying + type of homes.

When I sold my place, I dropped the lst realtor because she was too sales number oriented.

I did drop by realtor company office locally to find 2nd one and also looked at the ads of places she was selling.

She did not try to rush me, gave me lots of good advice on how to make home more marketable. I did ask directly about her commission which was abit lower than lst one. Also some interesting stories along the way, in general about the real estate business itself.

And you know what sold me to her as my agent? Somehow we ended up talking about the types of client she handled in natural course of conversation AFTER I selected her:

*Including a blind customer. What she did to assist to "show" the neighbourhood, house,etc.

*What some customers look for in "desirable" neighbours..in their view in same ethnic/racial group..terribly discriminatory selections..but people look at the directory of last names on highrise condo buildings. It's so sad..


I knew that I had made the right choice..

[Mr. Bloom]

If you're selling, you want THE realtor with THE company with the most For Sale signs in your area.

If you're buying, you want one you trust to be patient, tolerant, and knowledgable about THE area you're buying in.

[malkin]

Thanks, that all sounds like good advice.

We're hoping to sell a condo and buy a house in our same neighborhood.

[tulip]

Choose 3-5 based on recommendations, reputation, and knowledge of your area AND neighborhood (very important). Interview these 3-5 realtors--prepare the questions that are important to you. It's business; you should not be looking for a friend, but someone who will do the best job for you. If you have trouble with the interview part, act as if you are working for someone else and getting the best person for them. I find that helpful in looking out for my own interests.

Good book: 100 Questions Every First Time Homebuyer Should Ask. Even if you are not a first time homebuyer, you might find it very useful.

[Mr. Bloom]

Ask your realtor for a break on commissions since they'll be getting a "round trip" representing you on both sales...

[dinabean]

I don't know what your timeline is, but when my DH and I were buying, we just went to a lot of open houses in our "pre-looking" phase and ended up working with a Realtor we met at an open house that we hit it off with. We just liked what he did at the open house, liked the time he spent with us, and had a feeling he would do a good job for us. He did, and when we sold the house 3 years later, he did a great job brokering that sale, too, and made us a tidy profit.

Of course, this was in the Washington, DC area in the early 2000s, so a much different market from today.

It depends, in part, on how much you know about where you are looking. Personal recommendations can be very, very helpful in finding a Realtor, and yes, you want folks who are going to put the work in. When we moved to Florida, we called the father of a friend who my husband went to high school with. He was going on vacation but hooked us up with someone in his office -- she was FANTASTIC and we had a lovely experience. A year later my parents needed someone, and the gal who had been our agent had left the Dad's office, we were torn. Ended up recommending they go with the Dad rather than follow the gal to the new shop, and that turned out to be a bit of a mistake.

[Crankin]

Ask friends who they recommend. Interview more than one. Ask about their sales record. Do the pre-research on your own, and set realistic expectations. Use the web to see what's out there and go to lots of open houses. If you are selling, spruce up your house, get rid of knick nacks and personal stuff like pictures, religious items, etc.
We are on house #5. Three out of the four we sold were all sold in horrible markets, within 3 months because we had good agents and we didn't expect to become millionaires from the sale.

[malkin]

Last Sunday we went to open houses to check out the realtors.

House 1: Time listed on web site was wrong. Homeowner invited us in anyway, but we declined.

House 2: Signs indicated that the open house was at least happening.
We confidently walk in the open front door, to find an infant in a carrier sitting on the dining table next to a half eaten tuna sammich and an open can of diet coke. I was ready to bolt, but Brewer proceeded through the tiny house, to the yard where the owner/agent was praising her chickens to another prospective buyer.

House 3: We are greeted at the door by the realtor who professionally dressed, but barefooted. We all introduce ourselves, and I comment on her last name which is shared by an acquaintance. Indeed they are related, in fact, he has recently died, and she proceeds to tell us a little bit TMI about his memorial. We wander through the house and SURPRISE! downstairs, we meet the owner and her baby who are having a breastfeeding moment!

When did babies become an accessory to real estate sales?!

I was ready to just forget about it, and go on tormenting the downstairs people with my deplorable piano practicing....but now there's a new listing on a house around the corner!!

[Crankin]

OK, those agents suck. The homeowner is never supposed to be home during an open house and preferably not even during a showing.
I will never forget the house scouting trip we made a year before we moved back to MA. We saw: houses with unflushed toilets and underwear strewn around, houses with ironing boards set up in the family room, houses that were 200K over our price range with no central AC, on a 95 degree day, and finally, a house where when my DH went to go up the back steps to the deck, he fell through the step! Oh, and then there was the house where the garage door fell off as the agent was raising it... This was during the "boom" of the late 80s. People were selling houses for way more than the list price and the condition didn't matter at all. Of course, a year later, when we moved, things were quite different.
No wonder so many houses don't sell!

[Melalvai]

I kind of like the breastfeeding baby. :)
I think finding a realtor is like finding a spouse: largely a matter of luck. I prefer whenever possible to go with friends' recommendations, whether it is a mechanic, electrician, veterinarian, realtor, etc. That's not fool-proof either, though.
Good luck!

[malkin]

Two open houses today, better than last week.

1. Condo comparable to ours (sort of). Realtor was fully clothed and professional, although she did mention twice that because her "husband has a job" she doesn't have to work very hard. The condo was vacant, with new paint and carpet, which I was allergic to. Cough, cough, cough *sniffle.*

We determine that it would be better for us to move out and paint, etc. before trying to sell.

2. Craftsman style bungalow house. Brewer went to play poker, so I set off bravely to a different neighborhood, trying to imagine whether or not I could survive there. The house reminded me of a place I lived in Berkeley, except without the hippie & tap dancer roommates. I liked the realtor; she was realistic & nice. Maybe not bossy enough commandeer the situation. I think I'll send Brewer to talk to her.

I guess I'm nervous because while I don't like this place all that much, we've worked it out so it works for us; we could do a lot worse.

(My dad and step-mum have teased me that I am having the first known case of buyers remorse before even buying anything!)

[indysteel]

I would suggest getting your own realtor to attend open houses with you. If you end up interested in using a realtor you meet at an open house to buy that particular property, rememeber that the realtor will then be representing both you and the seller (assuming that's allowed in your state). I'm not a big fan of dual represenation because I think there are inherent and unavoidable conflicts.

Just my two cents.

[tiva]

To sell a place, interview 3 or 4 agents at your place (which should be in impeccable, showable condition for the interviews: spotless, freshly painted, with 2/3 of the junk in storage elsewhere.) Ask them each to run comps and give you a listing price. Begin to negotiate with them on their commission (which will depend on the location and the market). When you get each agent's offer, decide after a phone conversation with the one you liked the best. Don't choose on their suggested listing price alone, but rather on their marketing plan, how well you get along with them, and your conversations with their references. (Choose the 3 or 4 agents to invite for interviews by visiting open houses in your neighborhood and chatting with the agents, to get a sense of who is professional, reliable, courteous, and compatible. And, of course, ask for recommendations from trusted friends.)

To buy a place, sign a contract with a buyer's agent who represents you, and never the seller.

My sister, a broker, gave me this advice, and it has stood me on good stead for the various houses I've bought and sold.