How to Know if You are Dealing with A Trustworthy Realtor
We all do know that not all people are qualified to become a real estate agent. There are certain skills and qualities that must be considered to become one. However, it is also undeniable that not all real estate agents are trustworthy enough in handling deals with their clients. Yes, they may be called realtors, but that doesn’t always mean they are effective enough to do their job.
When you invest in the Philippines, knowing your realtor is a crucial thing to consider. You don’t just hire someone without any idea about them at all. Of course, you don’t need to do some background checking with the NBI – it’s not your job. But at least, you have to know who are you dealing or working with. With that, you don’t have to worry about having an unsuccessful real estate investment.
If you are one of those home buyers who are planning to hire a realtor, then making sure that you hire the right one is a must. And to give you some ideas on how to know that you are dealing with a good and trustworthy one, below are some things you should consider when hiring one.
He knows what he is selling
If you are a realtor, it is a must for you to know and understand your products. But sad to say, there are realtors don’t have any knowledge of the property that they are selling. There are even realtors tend to do some sales talk with their clients without any references at all. Perhaps, they were not able to prepare the things ahead of time before handling a client. And mind you, when you hire realtors who don’t have enough knowledge of their field, then you might end up having a bad real estate experience.
To avoid such, it won’t hurt if you ask a lot of question regarding the property. With that on, you will know if he/she has a deep understanding of the things they are selling. Of course, if they can’t answer your queries and other concerns about the property, then this might not be a realtor that is good for you. If so, then you better find another one.
He offers you flexible payment schemes
When you invest in a property, there are certain guidelines or procedures you must follow to avoid any complications regarding with the payment method. However, that doesn’t mean that payment schemes are not flexible and cannot be changed at all. Of course, there will also be minor changes to address the needs of their clients.
As a client, you also have to be keen when it comes to the payment schemes. Some realtors would only stick to the guidelines they know, which is why some clients are having a hard time when it comes to their payments. However, if you have a realtor who knows and offers you a good alternative, then you can trust them with that. That only means they know what they are doing for the betterment of their clients.
He asks what you need
When you invest in a real estate property, there must be a two-way communication between you as the home buyer and the realtor. The job of a realtor is to guide you in achieving your dream home. And that would only be a success when you both have a proper understanding of the deal. However, if the client doesn’t have any idea of what the realtor is talking about, then there might be a misunderstanding. As a result, clients won’t go back and have the purchase.
It is definitely going to be a waste of time if you both don’t understand each other. That is why there is a need for a realtor to ask their clients on whether or not they understand. If not, then there might be some points you missed to take up. Moreover, when a realtor asks what you really need, that means they care about you and wants to help you achieve what you want.
He tells you both the pros and the cons
Whether you like it or not, there will always be pros and cons when you invest in a property. But sad to say, not all realtors would disclose such cons to their clients. Perhaps, they just don’t want that their clients would be discouraged and not pursue the investments when they hear the disadvantages of it. However, a trustworthy realtor is not afraid to tell their clients such things.
One way or other, telling the pros and the cons of the property can help the clients with their decision making. Of course, some of the people would not mind the disadvantages of the property for as long as they can live a peaceful and healthy lifestyle. In fact, some homebuyers would appreciate realtors who can be honest with them. That simply means they value trust and transparency towards their clients.
He has a license or registration
Investing a real estate is not just an ordinary transaction. That means all the things you do to achieve your desired home would strictly be professional between the buyer and the client. And when we talk about professionalism, it is not just about the attitudes towards their clients. But it also involved the legality of your career. If you are in the Philippines, realtors should abide the rules and regulations in the real estate industry.
Under the RESA LAW or the Real Estate Service Act, realtors in the Philippines are now regulated by the Professional Regulation Commission (PRC). And if a realtor does not have any license to transact real estate business, then he/she is not legal to do so. That is why, you have to make sure that when you hire a realtor, hire someone that is from a trustworthy real estate company. With that, you will not worry about being scammed by your own agent.
These five things mentioned above are just some of the things you need to consider when hiring a realtor. Yes, choosing a good and trustworthy one can be daunting and frustrating. Of course, you don’t want to choose someone who can’t deliver their work properly, right? That would only jeopardize in achieving your dream.
And if you are planning to invest and hire a realtor, it will not hurt if you take the time to know at least the basics of it. At least, you will not be ignorant of the process when dealing with the transaction. Moreover, having some ideas will help you achieve your desired home.