Rockford Realtors Rent, Buy, or Sell a Property
Whether you’re to buy, sell, or rent property, it’s important to know the basics of choosing a Realtor or agent who suits your needs. The choice of Rockford realtors directly affects the outcome of both residential and commercial transactions, so we gathered a number of experts’ views to help you make the best decision.
Here are the top tips for choosing realtors from the pros:
Sphere of Influence
Ask the agent you are interviewing about his/her database and center of influence. Aside from the types of clients they work with or the type of deals they specialize in, you want to get an idea of the sort of people they’re acquainted with. What you’re mainly looking out for is if they know other business owners in your area. Those businesses may not have been their clients, but having a relationship of some sort with other business owners will allow your agent to acquire valuable information on what they can do to best serve you as a client.
Ask Them How Many Properties They Own
When looking for Rockford realtors to rent your property or to use when buying an investment property, the best thing to do is flat out ask them how many properties they own. You want to make sure you’re working with someone who physically owns rental properties, not just sells them. That one question will knock out about 70% of real estate agents. Most agents that do rentals are new to real estate, and their brokers recommend rentals because they’re quicker and less knowledge is needed to rent than to purchase. It’s a hit and run transaction for them, but you’re the one stuck with a bad tenant.
Selecting a broker that works with small business owners looking for 10,000 sq ft or less is difficult. With a smaller pool of commercial brokers available, recommendations from other business owners in the area and from chamber of commerce and attorney contacts is likely the best way to find a competent professional. Real estate is local and knowledge is specific to property type. Leasing an office is different than leasing a shopping center or industrial building. Finding someone with local experience in the property type you seek will get good representation.
Local University Programs
Visit or contact local universities that have a real estate program. Although it seems weird, this is perhaps one of the most effective ways to find a trustworthy broker. A lot of Rockford realtors take advanced courses, whether for career development purposes or for that piece of the paper, and so it’s definitely a good place to start with. In addition, if you happen to have a few buildings in mind, definitely visit the buildings and talk to the receptionists or tenants in the buildings to get agent/broker recommendations.