HOW TO SELECT A QUALIFIED PROFESSIONAL REALTOR
The agent you select to handle your home purchase should be qualified to handle a wide variety of tasks. These tasks include providing information about the communities being considered, the schools, and other factors of concern including area history as it has affected values, also proposed neighborhood and city changes that also could influence the desirability and value of the areas.
The agent should also provide instruction about the purchase process, the documents involved, and the timing considerations and encourage buyers to obtain a letter of pre-approval from a qualified lender that will be included with a purchase offer. Finally, the buyer and agent can begin the process of preparing and negotiating an offer.
The offered price should be based upon recent selling prices of similar properties adjusted, when indicated, for recent market trends such as the impact of changes in financing costs. For this, the agent should provide a detailed study of recent sales and listings of properties in close proximity to the property being considered.
You should receive a detailed review of all documents used in this process and an explanation of the contingencies, disclosures and inspection rights to follow, plus an understanding of how contingencies are removed.
The negotiating process is critical to success. Each aspect of this process requires unique skill, thus the purchaser will benefit by choosing a highly skilled Realtor who knows the real estate market, the laws and the documents that apply.
Experience and education are excellent means to evaluate competence. Some elements to look for in the Realtor's list of qualifications are:
-----Preferably a Licensed Real Estate Broker1
-----Certified Residential Specialist2
-----Accredited Buyers Agent
-----At least 10 Years of Experience Selling Homes in the Area
-----Affiliation with a Highly Respected Firm
-----References from Satisfied Clients & Permission to Call
-----Local Resident, Active in the Community
1 Licensing requirements for real estate brokers are far more demanding than those for sales agents.
2 Designation as a Certified Residential Specialist (CRS) signifies that the Realtor has met both education and experience requirements... less than 5% of Realtors have received this CRS designation. Other inner-company designations such as "Certified Relocation Specialist" look similar but are not the same as the Certified Residential Specialist (CRS) designation.