In a hot real estate market, there is no time to waste. Once you get an approval for a mortgage amount and you have the money for your down payment and closing, you will need to start sending offers. In some real estate markets, it is common for homes to go under contract in a week or less. If you want to buy a home, you need to move quickly. You also do not want to go in this alone, as it will be difficult to find and bid on your own. Here are a few traits that you need in a realtor who can find you quickly.
They seem to know everything in town
A realtor or real estate agent who is chatty and seems to know everything is the perfect realtor for you. A realtor that knows the on-goings of the town will know what kinds of homes will come on the market and when. They will also be able to tell you about new condo builds that may begin offering up apartments shortly. The type of realtor who has their ear to the ground will give you a head start on any bidding.
They have a handful of clients
A realtor who has to handle a lot of clients at once will only have so much time to dedicate to each client. A realtor who has a few clients at a time will update you more often on what they find on the market. This means that you will not just be a number, but you will be a dedication for your real estate agent. This is crucial in a hot real estate market, as just a half a day's worth of time can make the difference in securing or losing your dream home. Go with a realtor with time to dedicate to you.
They know other realtors
If you can ask your realtor about other firms and they provide you with names or information on the other firms, this is a good sign. Realtors having a working relationship with other firms and other real estate agents means that they can find out about pocket listings. Pocket listings are homes and land that is on the market, but not being officially advertised. Knowing about pocket listings and brand new listings that have just hit the market in a few hours can make or break your home purchase.
