Monday, May 25, 2009

Choosing A Real Estate Agent (By Nick McConnell)

It is of paramount importance to choose a Real Estate firm that represents your best interests. That is a Real Estate agents primary function, to make sure your best interests are number one. When choosing an agent, it is important to make sure that you have all of the information needed to make an informed decision. That is the sole purpose of this article, to help you find the best agent possible. This is not an advertisement, it is a tool to inform the public on what to look for in a Real Estate agent so that your best interests are represented efficiently.

When choosing a Real Estate agent, it is important to know their area of expertise. Some agents have more knowledge about a certain area because they have more experience in the area, and they may live in the area. Would you rather have an agent that has worked in the area all their life, or an agent that just moved here from another state? Ask your agent how well they know they area, and how long they have worked in the area.

Experience and education may be the most important factors when choosing your Real Estate agent. Would you want an agent that has done one transaction that is a high school drop out, or an agent that has done two hundred transactions with a college degree? It might be a good idea to ask your agent for qualifications. A good agent knows the contracts backwards and forward, can answer all of your questions regarding the Arizona Real Estate Purchase Contract, and can tell you exactly what steps to take in order to get the transaction completed in your best interest. A Real Estate Purchase Contract can be twisted and turned by adding or removing language. If your contract is getting modified, it may be a good idea to have an agent that can explain the modifications to you so that everyone is on the same page.

A good agent always answers their cellular phone, and has it with them at all times. If it is nine o’clock at night, and a buyer or seller has a question, a good agent will answer the call. Some agents turn their phone off at five in the afternoon, and turn it on at nine the next morning. Most people that are purchasing a home work, so the only time they can communicate with their agent is before or after work.

When speaking with your potential Real Estate professional, it may be important to see how well they communicate. A Real Estate agent has to communicate with so many different people during a Real Estate contract such as the title company, the client, the lender, the insurance agent, the inspectors, the agent representing the other side of the transaction, processors, appraisers, and brokers just to name a few. If an agent is not extremely organized, and have good communications skills, there may be a problem. If an agent does not return phone calls, emails, or respond in a timely manner to your requests, this may be an indication that they lack the communication skills needed to represent your best interests.

Make sure when you choose a Real Estate agent to help you buy or sell a home, that you are choosing the best one for you. Ask to see some proof of qualifications such as diplomas, letters of appreciation, and awards. It may even be a good idea to contact some of the people in the letters of appreciation from past clients to make sure you are putting one of the biggest investments of your entire life in the right hands. An aggressive Real Estate agent that knows what they are doing can possibly save you more money than you think. The market conditions will determine the aggressiveness of a contract, so it is extremely pertinent that your Realtor knows what is happening around them.

Arizona Coldwell Banker Real Estate

Scottsdale Real Estate, DC Ranch, Silver Leaf, Troon, McCormick Ranch, McDowell Mountain Ranch, Grayhawk, Legend Trail, Ancala, Desert Mountain, Desert Ridge, Kierland, Arizona

Nick McConnell

Executive Sales Associate for Coldwell Banker Residential Brokerage in Scottsdale, Arizona. Lived in Arizona all his life, Graduated from Northern Arizona State University and has been a Realtor ever since.

9 Reasons For Hiring an Exclusive Real Estate Broker (By Dan Weil)

The following are 9 reasons why you can financially benefit by retaining an experienced exclusive broker. An exclusive broker with many years of experience can help you objectively evaluate all the alternatives without potentially self-serving points of view. A broker's market knowledge is a critical factor in assuring you will be submitted all the available properties for your consideration. Maximize your broker's knowledge base by having them focus on you.

Accountability

An exclusive broker is directly accountable to you. You will not receive as much responsiveness, dedication and accountability with a non-exclusive broker.

Added Value at No Cost

Think of the real estate broker as your very own real estate department without paying for it. The owner of the property typically compensates the real estate broker. Most owners already have included a real estate fee in their leasing plan for the property.

Broker Selection

Using an exclusive broker allows you to select and retain the best professional available. Consider interviewing at least three (3) brokers prior to the relocation project. Your broker of choice may not be the broker that has been currently calling on you. Retain the real estate professional with the best track record in the area, regardless whether or not they're the first in the door.

Indicates a Serious Prospect

Hiring an exclusive broker will indicate to the owner's and brokerage community that you are a serious prospect. This may place you at the head of the pack if you find yourself competing for a property.

Negotiating Experience

The experience of a broker in negotiating a lease or purchase will result in obtaining better terms and conditions for you. The broker's "deal making experience" is vital to you achieving your economic goals.

Efficiency/ Minimizes Legal Entanglements

An exclusive broker provides you with a single point of contact. Without an exclusive broker you are faced with wasting your valuable time screening a multitude of brokers, ownership calls and or proposals.

Extensive Industry Contacts

An experienced broker will have extensive contacts with the owners of properties, vendors/contractors, and the brokerage community. These long term contacts in the industry will save you time and money.

Lease Ownership Analysis

A knowledgeable broker has the financial analysis tools and access to information which will help you evaluate the best real estate solution for your company.

Selection and Coordination of Space and Design Firms.

An exclusive broker can assist you in the selection and coordination of space planning and design firms.

use of an exclusive broker will maximize the leverage you will need to strategically plan and relocate your facility at the best economic terms and conditions possible. Your relocation will be fully documented and best of all, most of the time the property owner pays the commission. An experienced exclusive broker with a "deep bench of contacts" on your team could potentially save your company well above a hundred thousand dollars ( $100,000) against the bottom line. TRY USING AN EXCLUSIVE BROKER ON YOUR NEXT LEASE OR PURCHASE.

For more information on working with an exclusive broker Please Contact:
Dan Weil
(310) 792-9400
dan@weilcommercial.com

Market Knowledge
Since 1981 Dan Weil worked as an industrial real estate broker in the greater Los Angeles area at 2 major commercial real estate firms and in 2002 started his own firm Weil Commercial Properties, Inc. Dan offers 27 years of experience with many long term client relationships. For assistance with your commercial industrial need, please contact Dan at 310 792-9400 or visit the web site at: http://www.weilcommercial.com/resources.html

Real Estate Broker (By Brenda Williams)

A real estate broker is a person who is a go-between for buyers and sellers of property. They have to seek out the people who wish to sell and the people who wish to buy and then become their broker. Being a real estate broker is a double edged sword. When working with a selling party the broker must find a way for the seller to sell their property for the highest price under the best term. But when a real estate broker is working with a buying party they must find a way for the buyer to purchase a piece of property for the lowest price under the best terms. Most real estate brokers working within the United States are required to have a license before dealing with prospective buyers and sellers.

Below is a list of the services a real estate broker can provide to a buyer or seller of a piece of property:

Comparative Market Analysis
Exposure
Facilitating a purchase
Facilitating a sale
FSBO document preparation
Full residential appraisal
Home selling kits
Hourly consulting
Leasing
Property management
Exchanging property
Auctioning property
Preparing contracts and leases

Not all of these services are available in each and every state within the union and a handful of them come with a fee.

Below is a list of the services provided to a selling party:

Property listing
Paperwork prep
Adding a "For Sale" sign to the property
Advertising the property
Running an Open House for prospective buyers to tour
Negotiating the price
Representing the seller at the closing

To be qualified for a real estate agent's license an interested party must attend an educational course that usually lasts 60 hours or more. At the conclusion of the course the participants take a test and must pass before receiving their license as a real estate agent. The new agent must then use their license with an existing real estate firm before going out on their own. If the real estate agent wishes to become a real estate broker they must take another educational course and pass another test to become a broker. This can only happen after the agent has been an agent for a specified period of time, which usually differs from state to state. A real estate broker can own and/or operate a real estate firm and each branch office of a larger firm is required by law to be managed by a licensed real estate broker.

There are four popular groups within the real estate agent and broker profession. They are the National Association of Realtors, the Realtor Political Action Committee, the National Association of Exclusive Buyer Agents and the National Association of Real Estate Brokers.

The majority of sales involved in real estate involves a percentage. When a buyer or seller hires a real estate broker or agent to aid them in property movement they usually determine a percentage of the sale to go to the agent or broker beforehand. Most agreements net the agent or broker anywhere between 20 to 35 percent of the final sale.

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