If you’re in the market for a real estate advisor, it can be hard to find one that’s right for you. There are so many advisors out there who feel like they are competing for your business, but not all of them share your interests or needs. It’s important to find someone who is knowledgeable about their area like Pen Rose Real Estate and willing to provide honest feedback on their process with other clients as well as themselves. Here are some questions you should ask when looking for a realtor:
Ask your advisor to speak candidly through the entire process.
When you’re hiring a real estate advisor, always ask them to speak candidly through the entire process. Ask them how many transactions they’ve done and how many deals were successful. Ask them about their most successful transaction, as well as their least successful one. If there were any challenges in those transactions—whether it was an unexpected client or team member challenge—ask them about those situations too.
Ask if they’re working with other clients as well as yourself.
In addition to checking the adviser’s qualifications and experience, look for other signs that they are a good fit for your needs.
- Ask what schedule they typically work on. If their schedule is flexible, this could help you plan around theirs if necessary.
- Ask how many properties they manage at a time and whether or not they have any experience in areas outside of Vancouver. Being aware of other real estate markets can help you find more appropriate homes based on your budget and location preferences—and it may also help prevent conflicts with another client who happens upon this one. Additionally, explore options like a housing fund to diversify your investment strategies and cater to different client needs.
Ask if your advisor has a broker or mentor they can consult with.
The best real estate advisors are always looking for ways to improve themselves. They want to know what works, what doesn’t and how they can do things differently.
A good mentor is someone who has been in the business for a long time and can provide advice on these topics:
- What works?
- What doesn’t?
- How might I improve my process (or client)?
Ask how long your advisor has been working in real estate.
Ask your advisor how long they have been working in real estate. The longer the better. If you’re looking for someone who focuses on helping people buy and sell homes, it’s important that their experience with real estate agents is extensive.
Ask your advisor to tell you about their most successful transaction and their least successful one.
When you ask your real estate advisor to tell you about their most successful and least successful transaction, they should be able to provide details. Ask if there were any red flags that they did not catch on the first go-around. If so, ask how these might have been addressed in future transactions. For example:
- “What do I need to know before buying this house?”
- “What did I miss when we closed?”
Conclusion
Hopefully, we’ve given you some ideas on how to make sure that your real estate transaction is smooth and that you feel confident in the process. Whether it be finding a good advisor or just being careful about who you listen to, there are many ways to ensure that your real estate experience is positive.Â
