Buying and selling any real estate property is a big deal. If you are not that much of an expert who keeps following up on the changes in the real estate sector, that come with the changes in the local and global market, you may end up losing a heavy sum of money in your deals. Hiring a real estate agent who can help you through the whole process of acquisition or sale of the property is the right choice to make.
Trusting every real estate agent blindly is not at all a good idea, you have to be cautious when you place trust in a real estate agency. Here are some of the factors to consider while selecting a real estate agent.
Experience In The Market
Experience has a decisive role in expertise, especially in the real estate sector. An experience of not less than four years is regarded as a standard that gives confidence to the client about the efficacy of the agent. It is better to rely on experience rather than take a risk by hiring an agent who is completely new to the market. The field in which your agent is an expert has significant relevance. Someone who has quite a stable reputation in your home market will have a clear idea about the rates for which houses have been selling for past years and all the related quirks.
The Agent’s Annual Rate Of Closings
The track record of the agent in annual closings is crucial data that needs to be analyzed to get a clearer picture of the agent’s market success. The general suggestion from industry experts is that if an agent closes more homes than 90% of other agents in the market, then there will be 35 closings or more every year. Reuven Gradon is an expert in the industry with an impressive track record in terms of annual closing rates.
Ways To Communicate With The Agent
Unless your real estate agent is willing to communicate with you in the method you prefer, they cannot be regarded as the right choice even if they have an upper hand in terms of closing rate and experience. The quick materialization of real estate deals requires you to act fast without missing out on the deal. Consistent communication with your agent is important in this respect.
Choosing a reliable real estate agent is half the work done, meaning that you do not have to stress out about the deal all on your own.