Thank you again for taking the time to respond, this is all very helpful!
Ergo I'm really out of my element trying to sell RE in Vista, my home of 30 years, albeit I've had several opportunities. I just can't seem to focus enough time and effort in Vista to do a client any justice. I've actually turned down listing opportunities because I know in my heart that I couldn't bring myself to marketing i.e. advertising, open houses, showings, etc. which are the primary ingredients for successful RE professionals.
Howver, when my humble little brokerage opens its Coast Highway 101 doors on weekends only from 10-2 not a day goes by whence we don't get walk ins both buyers and sellers which really gets our juices flowing. I guess the crux of it is your home is where your heart is. So I'd say you definitely need to work with local agents who are passionate about their home turf and have the enthusiasm to give you, their client, the service you deserve.
I since that passion in SoCal life. I think you may have just found your RE professionals. Good luck and I hope you find your happy home.
I get a kick out of agents who claim intimate knowledge of ALL of Orange County, or Southern California, when they're just hoping to latch onto a client who probably won't find out about their lack of knowledge until it's too late.
What you proposed is fine for most people, but when someone ASKS for something pretty specific, I find it's usually a good idea to respect their request.
Eastside Costa Mesa is very diverse. Due to the nature of your specific needs, I believe an agent that specializes in the area as my partner and I do will serve you very well. This is where we live, work and play.
That being said, it is not enough to just specialize in the area, you need an agent that is well experienced in negotiations as well. Which we are absolutely.
Please contact me at 949-246-2078 and I can assist you further specifically in this area. As well, feel free to go to http://www.TheSoCalLife.com our website to learn more about us. We are here to help and I look forward to hearing from you.
I believe the most important quality a client should look for in thier Realtor and vice versa is the ability to get along and communicate well with one another.A typical real estate transaction,like life can run into alot of bumps and hiccups and this is where a Realtors true worth is perceived. Intangible character traits like persistence &,intergrity ,communication & negotiation skills, provision of feedback,enthusiasm etc will provide you the client with more value than one who has gained "expertise" in certain area. Getting to know an area and becoming an expert in that area while good & will take some time to develop the prior mentioned intangibles take a lifetime to develop and in my estimation are infinately more valuable . Kinda of like comparing the external to the internal. Give me the internal anyday. It will reflect a truer picture.
For instance hypothetically speaking the fact that a Realtor has specialized in an area might not neccessarily be synonymous with competence.Maybe when the Realtor started out he was lazy and chose not to help a person who needed help in buying or selling a home if it meant said Realtor has to travel some distance. On the other hand a Realtor who specialized in an area could have become an expert because he realised that he could not assist everyone anywhere & truly provide good service to his client.His internal motivation in becoming an expert was to provide the best service possible to any client he served.
Thus in conclusion it is not the external fact that a Realtor is an expert in area that should make you pick him/her although that wont hurt. What should make you pick a Realtor are internal qualities. Values that are aligned with yours.Commitment rto serving & protecting your best interest no matter what .Trust me, pick a Realtor based on what you perceive to be in his heart, it will serve you well through the rocky places.i.e if you have an acute sense of perception and you are right.
Pros and Cons. Yes, it would be good to have a local agent. Another point to consider is if you feel the agent you have interviewed will do the kind of job for you.. You may have a local agent that is not on top of things and another agent who is not in that particular area do the best job for you.. It is your decision on what you want. Every agent is different in some way or another.. Talk to you soon as I would like to interview to be the agent working for you.. Bye for now. Ingrid Ski Realtor
Most people who are active in the business don't work in one small area, and there are benefits to having someone with a lot of experience who is outside the local group negotiating for you - they won't be worried about ruffling any feathers. And as someone who has done real estate deals in 11 different counties it's not that hard to get up to speed. It's more important to have someone who really knows the business and has great negotiating skills.
An excellent example of this: we had a client who bought a place in San Francisco where we work, and a few months later they called me to sell their place 45 minutes away in an area I didn't know at all. I tried to get them to let me find someone for them and refer, but they wanted me to do it because they trusted. Went down there and looked at a bunch of houses close by, looked at solds, and then listed and sold the property in 10 days.
Then ask to see proof of business in that area, and recommendations from former clients. That's what ALL buyers should do, instead of ending up with a random agent who answers first on Trulia, or that they find on a open house.
Good luck in your quest for an agent, and for the house you want.
Also important, a local specialist knows about upcoming, not yet formally listed, properties on the market. The local specialist is part of the word-of-mouth network that could gain you access to listing no one else yet knows about.
Look for a local specialist... just as you suspected. Great good luck to you.
I have been a realtor since 2002 and I can tell you honestly that it takes me less than one day to give you a detailed analysis about any area and maybe one more day to make it iron-clad solid in terms of what the values are and what you have to watch out for in your search. In other words, yes, you need an expert but your focus should be on the service and information they can deliver to you in terms of their role in the process and in terms of their professional background.
THE ROLE of a realtor is most important for you. The listing agents will always try to sell you on their things for the highest amount of money. You have to find your own advocate (I agree with one of your previous respondents about the importance of hiring a buyer's agent; you don't pay their commission, which is covered by the listing side, but they work exclusively to protect you, not the seller). The agents who proclaim they "specializes" in one area just because they live there or have worked there for years, are not always the best choice because you cannot know how complacent they are towards changes in the area and how much they rely on old stereotypes and perceptions.
THE PROFESSIONLISM of a realtor might sound as a clichÃ©, but it is a pre-requisite when it comes to evaluating their skill level you can always interview agents on the phone with the same 5-6 questions until you see who give you the most thorough answers without hesitation. To secure stable representation ask what percentage of their work is with buyers vs. sellers, how many transactions have they had in a particular area and if the number seems low ask them why (low number does not mean lack of knowledge or enthusiasm); ask them about their back ground before they started real estate; ask them to tell you about three problems they have resolved for their clients during a challenging transaction or a challenging searching process. You canâ€™t make these things up on the spot ïŠ
Trust your instincts but do your homework.
It's definitely better to work with a Realtor who knows the area and who can assist you in finding a home that suits your requirements both from a property perspective, and from a neighborhood/amenities/lifestyle perspective :) .... especially if yourselves are not familiar with the area.
I do live in the area and have since 2001. I personally believe you should pick a Realtor who you best relate to and who can search for a home for you knowing truly what you are looking for. We all have access to the same MLS but we do not all work alike. Interview several candidates and work with one that will respond promptly and has the ability to see homes from your "eyes". Good luck on your search and "Welcome to the Neighborhood"!
If you donâ€™t have a personal relationship with a Realtor, then it makes sense to start looking at agents that are active in your chosen area. However, if you have a personal relationship with a Realtor who, you are confident, has your best interest at heart, or knows someone who has such a relationship Iâ€™d recommend starting there. The notion that, only agents located in the small geographic area that you are interested in can competently handle your transaction is false. Remember there is no such thing as an East Costa Mesa Real Estate license. A huge percentage of buyers change their target location, home size, etc once they actually start looking because they are more informed. In most cases, they continue using the same agent if they are happy with them. I would be willing to bet that even the loudest and most experienced voices in favor of local agents have done numerous transactions miles away from their â€œspecialized areaâ€. Believe me, even their marketing will include the tag â€œand surrounding are areas.â€
PROS - the local agent may come across something via local relationships before the general public. They may have a pasty client preparing to sell or know of a property that a local fellow agent might have that is not on the MLS (pocket listings).
CONS â€“ You may end up with an agent that has tunnel vision in regards to market value. Or worse yet, is unwilling to help you get a bargain price because of the effect on the market value and their reputation in THEIR neighborhood.
I also answered your buyer/broker question!
Let me say that it is helpful to know the area! The agent does not necessarily need to live there to
know the area, however. I myself used to live in Costa Mesa, and still have rental property there so I do know
If you are not very familiar with the area you should remain open minded and listen to the agent about areas. East CM tends to be more expensive, so bear that in mind. I don't know your budget, but when you speak with a realtor they will tell you if it is realistic for the area or not depending upon your ultimate criteria.
And just to be clear, I think you should interview local agents/brokers. If you can find the best one for you who also lives and works there - great. I just wouldn't exclude a better one because he/she doesn't have an East Costa Mesa address.
Lance King/Owner-Managing Broker
Yes and no...since you know the specific area, you are not looking for an agent to help you find the area. So what you want is a local agent who can work with you to get the best possible deal and terms. Of course we need to be familiar with the area....but most Orange County agents handle Costa Mesa frequently.
So...I would suggest you look for an agent that you can work with, feel comfortable with, and who you feel will really be there to help you.
Congratulations on your upcoming purchase...this is very exciting.
I don't quite know how to weigh local knowledge. I grew up in NYC, and there were people in Brooklyn who hadn't left their neighborhood in over a decade. It was said some hadn't left in 30 years, except for weddings and funerals, I don't know.
There's something to be said for the provincial lifestyle. You will know an area as intimately as anyone could ever know it. There's something to be said for a more cosmopolitan lifestyle, in that while you don't know any single area quite so intimately, you have a frame of reference from which to make evaluations.
I don't think there's a "right" answer. I am not a "neighborhood" Realtor(r), and of course, I think that I am at an advantage and those who "stick to a neighborhood" are at a disadvantage. But there's another thing I've learned - the "neighborhood" agents, at least in Seattle, are usually one of two types - they cheat, and work outside of "their" area, or they're part-timers.
My concern is that the "neighborhood" agents are fighting to keep values and prices high. My comfort is in knowing that they know a lot about the neighborhood dynamic. And I don't know if either of them are actually true.
At the end of my ramble, I suggest that it is better that you use an agent that is not going to miss a property that will satisfy your requirements.
All the best,
You may have answered your own questions when you said, "I will need a lot of feedback, especially information regarding anything to do with real estate because clearly, I know very little." It sounds like the most important thing to you is to find someone who can answer all your real estate questions. If that is most important to you, then worry about finding someone who specializes in the area second. Look for the agent who has the experience and patience to answer your real estate questions.
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