Monday, February 25, 2008
How Successful is Your Realtor?
I'm a huge advocate of buyer and sellers making sure they are working with a successful and professional Realtor. Many buyers and sellers use a family member or a friend. Or even worse, a friend of a friend. The sad part is that those buyers and sellers never know if they are actually working with someone who knows what the hell they are doing. This blog post from a Realtor in Western New York addresses this issue and does a great job of explaining why it's important to ask your Realtor, "How many transactions did you close last year?"
If your Realtor closes 2 or 3 deals a year do you really think they know how to negotiate on your behalf to get you the best deal possible? Do you think they know and understand their market and sales statistics? Real estate contracts and amendments change all the time and if someone isn't constantly utilizing these legally binding documents do you really want to put your transaction in their hands? Or would you rather work with someone who closes 30 or 40 deals a year?
This seems like a no brainer to me but yet there are many buyers and sellers out there right now who are working with a subpar Realtor. And I don't blame the Realtor as much as I blame the people who chose them.