Choose Realtor carefully
The decision to buy or sell a home or property is one of the most important personal and financial decisions most people make. When it comes to such a big investment, it pays to choose your Realtor just as carefully as you choose your home.
To sell real estate in Illinois, a person must obtain a license through the State of Illinois by completing a minimum standard of education, examinations and experience requirements. Upon completion of the license, many agents will choose to join their local board or association, as well as the state and National Association of Realtors. Membership in these associations requires an agent to abide by a strict code of ethics and a standard of professional behavior that sometimes exceeds the requirements for state licensing.
"Realtors are experts in their local markets and can guide you through the home buying process with helpful hints about everything including current real estate values, taxes, utility costs, municipal services and facilities," said Rozanne Kurman, president of the Realtor Association of NorthWest Chicagoland. "When it comes to buying or selling a home, a Realtor has the expertise and resources to guide you through the process."
One of the easiest ways to narrow your search for an agent is to talk to friends and family. In addition, you can check local listings for Realtors in your area or contact a local real estate agency.
"The Illinois Association of Realtors as well as the Realtor Association of NorthWest Chicagoland has a variety of consumer resources available at www.illinoisrealtor.org or www.RANWC.com explaining the benefits of using a Realtor as well as a Realtor and property search," said Rozanne Kurman.
Once you have narrowed your list, you are ready to set up a listing presentation. These interviews allow you to meet with local Realtors to gain insight into their experience, capabilities and personalities to determine the best match to your interests.
Some evaluation questions include:
• Does the agent have an active license in good standing?
• What professional designations does he or she hold?
• Who does the agent represent (the buyer or the seller)?
• Does the agent belong to the Multiple Listing Service (MLS)?
• What have you listed or sold near this neighborhood lately?
Whether you are purchasing a home or selling one, there are a number of reasons why a Realtor is useful in the process. Not only do Realtors guide you through the complex process of buying or selling your home, but they help you determine what you can afford and take charge of negotiating agreements.
Other benefits of using a Realtor include:
• Knowledge of the local market and zoning regulations.
• Explanations of alternative mortgage financing programs.
• Advertising your home via the Multiple Listing Service (MLS) and on the Internet.
• Handling inquiries and scheduling appointments for showings.
• Informing you of potential risks and seller disclosure information.
• Help with the closing of the sale.