Questions to ask a realtor
Questions to ask a realtor - Before you hire a WI realtor to either help you sell your home or help you find a new one there are some questions you will want to ask to make sure the fit is right. You will first want to ask the realtor is they work in and have knowledge of the area that you are selling or buying in. A realtor who understand the area you are interested in will make the process more enjoyable.
When working with a Realtor one of the questions you should ask them is how long has he/she been a Realtor. An experienced Realtor who has been doing it for a long time has been there and done that, while a new Realtor will obviously be less experienced and may not be familiar with everything still. I would definitely be more apt to second guess something a new Realtor was doing versus an experienced veteran Realtor. This is not to say a new Realtor can not do his/her job as well or better than the veteran, but I would make a mental note of their experience in my head. An example where the seasoning of a Realtor may come into play: If you have a "unique" property that you are trying to sell, the veteran might have more experience or knowledge about selling this type of property than the newbie Realtor.
You will want to find out from the realtor if there are any other fees that you will need to pay besides the standard commission. The standard commission is 6% total, 3% goes to the listing agent and 3% goes to the buyers agent. You may be able to negotiate this fee with your agent, while these are the customary fees, there are many new companies that charge a flat rate or smaller fees, so some real estate agents will negotiate with you.
If you have children, feel free to ask the realtor about the local school system, daycare, etc. You shouldn't hesitate to ask your realtor about the basics either. Things such as where the grocery store is or the nearest dry cleaners, are all questions that your realtor can answer or find the answers for you.
One of the most important questions to ask your real estate agent is which neighborhoods appreciate higher than others. You don't want to buy a property in a neighborhood that has seen little to no appreciation.
If you're buying, ask about tax rates and trends in various area towns. They can vary considerably and will affect your total cost of ownership. Also, ask the realtor whether they work primarily with buyers or with listing. If you're a buyer, a buyer-only realtor may be a good bet.
Ask your realtor about Home Owners Associations and covenants for the neighborhoods you are considering. Ask if the neighborhood is part of any special taxing district.
Also, ask your realtor if there are any administration fees associated with the transaction. These are paid to the realty company at closing.
REALTOR - A real estate agent or broker who is a member of the NATIONAL ASSOCIATION OF REALTORS, and its local and state associations.
What separates a realtor of other real estate professionals is the agreement of the "realtor" to operate under a universal code of ethics and standards.
Founded in 1908, the NATIONAL ASSOCIATION OF REALTORS(NAR), has grown from its original size of 120 to today's 720,000 members. NAR is composed of residential and commercial realtors, who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry.
A licensed person that negotiates and conducts real estate sales, and who holds active membership in a local real estate board, that is affiliated with the National Association of Realtors.
A realtor will have the ability to list your house on the MLS system if you are selling a home.If you are buying a home a realtor can help you find the right home by finding MLS listings that meet your criteria. A realtor can also have new listings that fit your search criteria E-mailed to you as soon as they are on the MLS.
Realtor is a registered trademark of the National Association of Realtors and may not be used without their consent.
A realtor is highly recommended to handle the sale, marketing and listing of your home. Consult your mortgage professional to find a quality, knowledgeable, and reputable realtor.
Strangely enough, one of the mistakes many people make in regard to a Realtor is the way they pronounce the word. For some reason, an "a" is often inserted as a middle syllable, making the word mispronounced as "real-a-ter". The correct pronunciation is the two syllable, "real-tor", just as it is spelled.
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