{"id":19264,"date":"2023-01-26T13:55:17","date_gmt":"2023-01-26T18:55:17","guid":{"rendered":"https:\/\/sothebysrealty.ca\/insightblog\/en\/?p=19264"},"modified":"2023-02-03T15:08:52","modified_gmt":"2023-02-03T20:08:52","slug":"what-to-look-for-in-a-real-estate-broker","status":"publish","type":"post","link":"https:\/\/sothebysrealty.ca\/insightblog\/en\/2023\/01\/26\/what-to-look-for-in-a-real-estate-broker\/","title":{"rendered":"What to Look for in a Real Estate Broker"},"content":{"rendered":"

<\/p>\n

Having the right guide to navigate the most important purchase you\u2019ll make \u2013 buying a home \u2013 is critical. In a challenging housing market where high prices and low inventory can make things stressful, an experienced real estate broker represents your best interest and helps you buy the perfect property \u2013 or sell the one you have \u2013 while providing peace of mind that the transaction will go smoothly. Here\u2019s what to look for when you\u2019re seeking a broker.<\/p>\n

Find a Broker with In-Depth Market Knowledge<\/strong><\/p><\/blockquote>\n

\"\"<\/div>\n

Brokers have areas of expertise, so to find the one best-suited for your needs, ask what neighbourhood or property type they specialize in. Some brokers work with smaller budgets while others focus on the luxury market; others only work with buyers or sellers, so it\u2019s important to team up with one that fits your criteria.<\/p>\n

A savvy real estate broker keeps up with real estate market trends and activity and is also well-connected with other suppliers you might need, such as a home inspector or real estate attorney.<\/p>\n

Evaluate the Broker\u2019s Experience<\/strong><\/p>\n

You\u2019ll want to check if the real estate broker you\u2019re considering is a full-time broker and how many years they\u2019ve been in the industry. Find out how many homes they\u2019ve helped buy or sell in the past 12 months \u2013 a successful track record indicates a hard-working broker.<\/p>\n

You may want to ask how they help buyers stay competitive in the local market and what their commission fees are.<\/p>\n

Make Sure they Have Excellent Negotiation Skills<\/strong><\/p><\/blockquote>\n

\"\"<\/div>\n

Ask the broker about their recent transactions: Were they able to find a home within their client\u2019s perimeters? Did they sell a home for asking price or above? Find out how about their negotiating style because they\u2019ll be representing you throughout the process. You want someone who feels comfortable at the bargaining table.<\/p>\n

Seek Out Exceptional Service and Honesty<\/strong><\/p>\n

Find out how the broker will communicate and their availability. If you\u2019re only free evenings and weekends, for example, you\u2019ll need a real estate broker who is able to work those hours.<\/p>\n

A broker with your best interests in mind will always be upfront with you and able to answer any questions along the way during the buying or selling period. It\u2019s important to choose someone you\u2019re comfortable communicating with because the house-hunting journey can be fraught with stress. Look for a broker that\u2019s patient, proactive and trustworthy.<\/p>\n

Ask Questions Before Making your Decision<\/strong><\/p><\/blockquote>\n

\"\"<\/div>\n

Not only should you get referrals to real estate brokers from friends, family and colleagues, but it\u2019s also smart to interview a few to get a sense of what it will be like to work with them.<\/p>\n

Find out how well they know the city or neighbourhood, local schools and recreational facilities. Ask what percentage of their business comes from referrals \u2013 it\u2019s a good sign if satisfied clients pass their name along often.<\/p>\n

Connect with a top broker in your neighbourhood and book a complimentary consultation.<\/a><\/p><\/blockquote>\n

<\/p>","protected":false},"excerpt":{"rendered":"

Having the right guide to navigate the most important purchase you\u2019ll make \u2013 buying a home \u2013 is critical. In a challenging housing market where high prices and low inventory…<\/p>\n","protected":false},"author":31,"featured_media":19345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[386],"tags":[71,1595,1596],"class_list":["post-19264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-tips","tag-realtor","tag-broker","tag-real-estate-broker"],"yoast_head":"\nWhat to Look for in a Real Estate Broker - Sotheby's International Realty Canada<\/title>\n<meta name=\"description\" content=\"Having the right guide to navigate the most important purchase you\u2019ll make \u2013 buying a home \u2013 is critical. 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