Question Details

Garry, Both Buyer and Seller in East Coast Florida

Realtor How to Choose which One

Asked by Garry, East Coast Florida Tue May 6, 2008

I have been looking at property in another state and I have 4 very close Realtors. On a 1--10 scale they rate a 9.9 in every aspect. They have provide me with what I asked plus have just gone out of their way. Not over done but very !!! professional.. Now comes the time too choose which Realtor gets my business and do to the professional courtesy I'm at loose on what to do. I know 2 of them work for the same agency one up town and on in the suburbs.
The question is how do you choose with offending the others......... ?

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The truth is Garry there is no easy let down the 3 you do not choose will be let down but the truly professional ones will take it in stride as the way things go sometimes. In my opinion you should choose the one that tells you not only what you want to know but what you need to know. The Realtor you work with will be your giude through the market and that should be some one that will not lead you down a primrose path but kindly and with concideration for your thoughts and feelings tell you how that market really works and prepares you for the possible pitfalls. Then Garry sometimes you just have to go with your gut!
Heidi
1 vote Thank Flag Link Tue May 6, 2008
Ask the realtor what is the realtor's goal.
A good realtors does not sell houses, houses sell houses.
A good realtor take you to what you want, insists you get loan qualified first, and looks out for your interest.

The problem you have is one of ethics, why did you waste the time of 3 realtors when you had one?
2 votes Thank Flag Link Wed May 7, 2008
That's a tough question - and one that should be asked earlier in the process. Ideally, you should pick one agent early on ( interview as many as you like, but choose one) and then stick with them. Most top agents won't work with buyers that doesn't sign an Exclusive Buyer Agency Agreement - which avoids the situation that you are in. I'd suggest looking at all of them, and asking "if this whole sale turns into a giant 'can of worms', which person do I want on my side". Agents who will work for you without an Agency Agreement are going to be used to getting "dumped", so although it still hurts their feelings, this is the time to be selfish and pick the one who will represent you the best (tenacious, gracious negotiator).
2 votes Thank Flag Link Tue May 6, 2008
Garry, you will want to choose the agent who can do the best job for you and maybe that's NOT the one you consider "a buddy." Contact them by phone (if not in person) and tell them what's going on with you. Be up front and ask them for credentials, if you haven't already. There are a lot of agents out there, but you want "knowledge and experience", someone who will work with and for you and you can trust to represent your best interests in the transaction. and, most importantly, will know what to do in the worst of situations. You will ameliorate part of the sting of "offending others" by making a clean start.
1 vote Thank Flag Link Fri May 9, 2008
Garry,
As a Realtor myself I feel I can safely say there is no way around offending these agents. I agree whole heartedly with Duncan. Why let 4 agents work for you when you know, in the end, you will only be hiring 1 agent. I want to be clear, I encourage you to shop around & find the agent that offers you the best fit. Based on your question it seems that you let all 4 agents work for you under the false pretense that they would, in the end, represent you. The "high road" can be a lonely place but all of this could be avoided two ways. First, when you initially contacted these agents they could've asked you what should be a standard question..."Are you currently working with an agent?" Second, you should respect the fact that agents are competitive & work extremely hard for their clients. That being said, avoid this feeling of despair by picking the agent that best meets your needs from the beginning. I hope my opinion/advice benefits you & my fellow agents in the future.
1 vote Thank Flag Link Wed May 7, 2008
How you choose, depends on what's best for you. Only you can determine your goals and through the interview process decide which realtor is best suited to meet your needs. Realtors love to sale themselves based on the number of homes sold and while that answer does yield to a level of market exposure it cannot replace the basics - who will listen to you, who best attempts to acheive your goals, what benefits are available to you when you work with them i.e. client based value services, one-stop-shopping services (if desired), home warranties, and post-closing services. Who best represents the values you have? Who will represent you?

Here's a quick list to review:

#1 - What costs are associated with utilizing your services and how are these costs offset by your value based services?

#2 - Are home warranty products and home service products available?

#3 - Is there a streamlined, one-stop-shopping service where one company can acheive all of my needs - selling, buying, financing, title services, and closing services.

#4 - How will you negotiate on my behalf and share with me some of your negotiation strategies and abilities.

#5 - What is your experience in the neighborhood I am buying or selling.

#6 - What are your credentials and how long have you been a Realtor and/or a real estate agent.

#7 - What real estate affiliations do you participate in as a member or affiliate.

#8 - What advantages will I receive by utilizing your services.

#9 - How will you handle my transaction from selling, acceptance, financing, and closing?

#10 - What resources of communication do you have available to communicate with me at my terms? I.E. - email-fax services, email, electronic services, voicemail, and transaction logs.

I hope these general thoughts help. Thanks!
1 vote Thank Flag Link Tue May 6, 2008
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