Wednesday 15 October 2014

Selecting The Right Chicago North Shore Real Estate Agent

By Patty Goff


The decision to buy or sell a home is perhaps the biggest financial commitment that most people make in their lifetime. This process involves a lot of paperwork and complex issues, and any slight mistake can cost you dearly. It helps to have an experienced Chicago North Shore real estate agent in your corner to help you with the process. When searching for the most suitable agent the following are factors you should consider.

Selecting the right service provider in the market can be challenging considering their increased numbers. Smart consumers interview prospective candidates to determine if they are suitable for their needs. Perhaps the first thing you will do is locating prospective service providers. If you are a resident, ask neighbors and friends who have successfully handled a similar process to recommend their agent. However, you can also search in local online databases for service providers in your locality.

Licensing should be the first factor to evaluate. Unlicensed agents are bad news and it is always wise to avoid them. Check if the license provided is current, not experienced, revoked or surrendered. Using their license number, you can check out stories about them; if they have any unresolved criminal cases or a lot of complaints from their past clients.

Another crucial thing to check is how long the individual has been in the industry and if this is his or her full time job. You may also want to know how many similar houses they helped sell in the past one year. Check how many days it took to sell these properties and how that compared to the overall market. While a freshly licensed realtor can also provide excellent services, you surely do not want to risk anything related to your property.

Experience in the industry is crucial in any profession. You want to be sure that you are dealing with a person who has handled similar properties before. Ask how long the agent has been in business and if he or she is familiar with your specific type of transaction. What you are looking for is a strong agent with excellent negotiation skills. Ask to be shown one property that fits the scope of your property transaction.

An indicator that the person you are dealing with is a good professional is if he or she gives you the chance of reviewing documents before signing them. If at all possible, ask for these documents upfront. When buying, these documents include buyer disclosures, purchase agreements, agency disclosures and if you are selling ask for seller disclosures and listing agreements.

You should expect to pay for the services of this professional. Their increased numbers in the market means that their rates and billing mechanisms vary. Before agreeing to the services of any firm or individual, make sure you are aware of how much it will cost you, and how this cost compares with other service providers in the industry.

The task of selecting a real estate agent should be done carefully. Reputation in the industry is a key indicator of how good the professional is. You should hence consider asking for recommendations from people who have successfully used similar services.




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