Choose your agent carefully
Agents make a huge difference in a real estate transaction. Buying and selling a home has become more and more complex. This is no longer simply chauffeuring people around and unlocking front doors; that period is long gone. Today’s agents are involved in compliance and disclosure issues, highly important legal documents that can go on for dozens of pages, and specialized technologies that didn’t exist just a few years ago.
Be clear on how lines of communications will work
Agents are very much involved in problem solving during the process of a real estate transaction, and very few are problem free. Constant and timely communication is critical during this process, and methods of communication very greatly; in person contact, phone conversations, emails, texts, etc. It’s vital that both client and agent are on the same page as to what line of communication they will be using, and how timely communication should take place.
Clear transaction objectives
Clear objectives need to be established and understood between client and agent. During this process agents need to listen and advise, and clients need to do the same. The market place is dynamically moving, both parties need to be on the same page.
Keep emotions in check
Almost all residential real estate transactions contain levels of emotion. Homes are personal and the money involved is very personal! It’s imperative that the agent involved has a solid emotional keel and can assist clients in dealing with challenges and disappointment. Your agent should be a problem solver, not a problem creator. Clients can also calm the waters in this area as well.
Champagne taste on beer budget
When it comes to residential real estate most people have champagne tastes on beer budgets. It doesn’t matter what price range you are in, the home just out of reach is the home you would prefer. Be realistic and set obtainable parameters. Agents and clients working together can work through this very human inclination.
Professionals throughout the transactional process
Have a solid team of professionals involved, ideally in the three key areas; agent, mortgage lender, and title services. If you team with competent professionals in all of these areas, most of your problems will be already solved! Bear in mind, your cheapest option isn’t always your best option.