Whether you're buying a home or selling one, the advantages of having a real estate agent are many. However, you can't just hire the first real estate agent you come across. You need to do your due diligence to ensure that your chosen Sioux Falls realtors have the skills and experience needed to get you the best deal possible.
The question is: what does "due diligence" mean in this case? What sort of things do you need to look out for in order to pick the best Sioux Falls real estate agent possible? We're going to tell you below.
Here's what to look for in Sioux Falls realtors.
Perhaps the most important thing to look for in a real estate agent is experience. Your real estate agent should have a certain level of experience under their belt so that they understand the real-world processes of buying and selling a home.
If your agent is inexperienced, they're more likely to make grave mistakes. They're also more likely to overlook important aspects of the process. Additionally, they probably won't have the wealth of knowledge that an experienced real estate agent has.
We recommend choosing an agent with a minimum of 2 years in the field. This experience should mirror the service you require. So, for instance, if you're selling your house, the agent should have 2 years of experience in selling.
Another thing that you need to look out for in your real estate agent is references or positive reviews. These are vital in proving that your Sioux Falls real estate agent has the ability to navigate through the buying and selling processes. If your agent can't provide you with positive reviews from past clients, they're almost certainly lacking in some areas.
Wondering where you can find reviews for real estate agents? Google is generally a good place to look. Just type in the agent's name and see what comes up.
You can also look on sites like Facebook, Yelp, Zillow, and RateMyAgent. The latter two are specifically designed for real estate and stand to give you the most thorough reviews possible.
You're going to be working with your real estate agent on a regular basis. As such, it's vital that they have a personality that jibes with yours. If they don't, you're bound to run into communication problems that could impair the transaction.
Call up your prospective real estate agent and ask them questions about the selling or buying of a home. While doing so, get a feel for them, assessing their tone, their humor, their knowledge, and more.
If you feel comfortable with the agent after speaking to them on the phone, they're probably a fairly safe choice. If something felt "off", you should go with someone else. It's as simple as that.
You won't have to pay for your real estate agent upfront. Instead, their fee will come out of the sale price of the home. So, while you don't have to scrape a bunch of money together immediately, you do still have to account for your agent's cost rate.
Most agents charge 2% to 3% of the sale price of the house. Therefore, if there's both a selling agent and a buying agent, there will be a 4% to 6% total realtor fee.
You can find realtors with lower rates than these. There are also realtors with higher rates than these. By and large, you should avoid those with larger rates.
If you are going to go with a realtor with a lower rate, you should do your due diligence in vetting them. Oftentimes, if a realtor has a lower rate than average, it's because they're lacking in some area.
Just because a real estate agent is located in your town or city doesn't mean they understand the market that you're selling from or trying to buy into. Different agents work with different neighborhoods and, if you want to get the best results possible from your agent, you should pick one that buys and/or sells in your target neighborhood.
Some agents might specify this information on their websites. If this information isn't available online, you'll just have to make a call and ask.
In any case, don't choose a realtor who hasn't worked in your target market. They won't have the connections or resources needed to assist you fully.
Perhaps the most important thing to look for in your real estate agent is the ability to negotiate. When it comes time to buy or sell, you want your agent to advocate for you as much as possible. You don't want them to give in on the first offer.
Now, how do you ensure that your agent is capable of good negotiation? First, you read reviews from past clients. Then, you assess the agent personally.
Do they have a friendly and pleasant demeanor? Are they capable of being assertive? Do they lead the conversation or take on a passive role?
Good negotiators are friendly yet firm. They don't back down at the first sign of resistance but don't demean the other party either. Pay close attention and ensure that they're capable of doing the job correctly.
Are you looking for a realtor in Sioux Falls? On the hunt for reputable Sioux Falls realtors? Look no further than Hegg Realtors.
We've helped countless Sioux Falls residents to both buy and sell homes. With our knowledge and experience on your side, you're sure to have the best outcome possible.
Contact us now to get the ball rolling!