By Pat Lairson
I received a great question from an InMaricopa reader. How do I choose a Realtor?
Here are some key points to consider when choosing a Realtor to buy or sell your home.
1. Knowledge: The first thing you need to look for is a Realtor who is knowledgeable in the market you are buying or selling in. Just because you have a friend of a friend who is a Realtor, and works in Scottsdale, does not mean they are the right person to sell or help you buy your Maricopa home.
2. Check them out: States will have boards that license and discipline real estate agents. Check with your state’s regulatory body to find if the person is licensed and if there have been any disciplinary actions or complaints. I also suggest using a Realtor who works full-time as a Realtor. Some Realtors work part-time, which means they have a day job and are not always available to get back to you quickly. Ask your Realtor about their work experience. How long have they been a Realtor? Why are they a Realtor? How many contracts did they close last year? Do they work with both buyers and sellers? Ask for previous client referrals and call them.
3. Pick a winner: How will they market your property? Talk about communication expectations. Discuss negotiation skills. Ask your potential Realtor why you should choose them to represent you? What makes them unique? Look at their current listings online and check for the quality of photos and the content of the listing. After interviewing your potential Realtor, trust your gut. Ultimately in any real estate transaction situations can come up. Your Realtor should be a good problem solver and know how to keep the transaction going. They should be someone you learn to trust quickly.
The Maricopa Market Update
There are 439 active listings for sale, 223 homes under contract waiting to close and 159 homes that closed from March 14 to April 14 at an average price of $89.50 per square foot. The rental market in Maricopa is at a serious shortage. Houses are getting multiple applications. As of this writing there were 25 homes available to rent and the lowest price home was listed at $995 per month. Leases are being renewed for an average of $50 to $100 over previous lease price.
With the various little to no money down loans that are available renters really need to look at buying or may be forced to move into other areas due to lack of homes available for rent.
If you have a Real Estate question please email me.
Pat Lairson is a Realtor with The Maricopa Real Estate Company.