HOW TO SELECT THE RIGHT REAL ESTATE BROKER May 5, 2009

Being friendly and helpful are important qualities, but experience coupled with industry knowledge and negotiating skills are of more importance.  Your broker will help guide you in finding houses to view and to make a suitable offer.  Select with care as she will assist you in making an expensive decisions. You must have confidence in her honesty, truthfulness and ability to help you find the right house.  Important things to ask before you hire a realtor include
1) EXPERIENCE – is this her full time job?  How many deals has she closed.
2) INDUSTRY KNOWLEDGE – Which neighborhoods does she specialize in
3) BOARD OF REALTORS – is she a member of the local board of realtors
4) CLIENTS -does she work with developers and builders or with buyers
5)  NEGOTIATION SKILLS – will she make sure the reasons behind your offer are communicated to the seller to present it properly?
6) DEMEANOR- do feel comfortable discussing your business with her
BUYERS BEWARE

Most buyers purchase homes with the assistance of realtors and develop a good relationship with their agent but many are not aware that the broker is still working for the seller.  This does not mean that the broker is not being helpful or getting the buyer a good deal, but it does mean that his primary loyalty is to the seller.  Before selecting your realtor discuss this with your attorney and sure your agent is doing her best for you.

Steven Decker is a New York Personal Injury attorney specializing in New York real estate law , New York business law, and New York franchise law. You can visit his Law Firm Decker, Decker, Dito and Internicola website by clicking here, download his FREE New York Car Insurance book, or call him at 718-979-4300 or 1-800-310-5520 for a free case analysis.

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