Choosing the Right Real Estate Broker

Choosing the right real estate broker is important whether you are buying or selling, so make sure to shop around first. Talk to at least a few brokers before making your final decision, since you'll want to make sure you feel comfortable working with them.

It's also important to make sure any broker you select has the proper qualifications. Pay attention to how many years they've been a broker, and ask about their success rate.

Personality is also an important consideration since you'll be working closely with your real estate broker. Choose one that is easy for you to work and communicate with effectively and that will be reliable with respect to answering your phone calls or emails.

Make sure whoever you choose is familiar with the area you are interested in. Check to make sure they've actually completed real estate transactions, both buying and selling, in the neighborhood where you want to buy.

Real estate brokers have access to many tools that a home buyer or seller wouldn't have on their own, such as the M.S.L. Take advantage of these tools and use your broker to his or her best advantage.

Be sure your broker focuses on your needs and has good customer service and people skills. Real estate transactions often take a certain degree of negotiating skills, so keep this in mind as well when choosing a broker.

Maintain good communication with your broker through a variety of channels to make sure you're both on the same page at all times. Your broker might not always b e able to return your calls immediately, but they should at least be timely about it.

Pay close attention to any contracts that you may be asked to sign. If you have questions, ask before signing so that you protect yourself from any hidden terms.

Josh Craver has been writing articles about brokers for the past five years. He also enjoys writing about NYC real estate subjects, specifically providing commentary on Chelsea apartments and West Village apartments.

Josh Craver

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Finding The Right Real Estate Broker In Miami, Florida

Any person who has experience with the entire buying or selling process in the real estate market knows how difficult it can be, especially if you do it on your own. People who think that sticking a "for sale" sign in front of their house is enough to get them some potential buyers will find that this notion is far from what actually happens, in fact, this manner of selling is not only ineffective, but is simply an outdated form of selling a real estate property. There are a lot of factors to consider if you want to be able to succeed in your whole buying or selling experience with real estate properties, especially in Miami, Florida. A lot of preparation and planning is needed, as well as a considerable amount of skill and understanding of the real estate market in Miami if you want to succeed in your venture and give you a good real estate experience.

One of the things that people should try to do is to hire the services of a real estate broker, especially for a prime real estate such as Miami, which is considered to be one of the hottest pieces of real estate in the market today. There will be a lot of potential buyers and investors who will be eying your real estate property, so it would be best if you are able to put your best foot forward with this type of transaction, which is why you need the services of a real estate broker, especially since they will be able to supply you with the necessary information to guide you into making the right decision so you can make the most out of the deal.

Real Estate Broker Qualities

Before anything else, you should try to find at least three potential real estate brokers so that you will have more choices, but at the same time have a point of comparison between them. In order to determine if the real estate broker that you are planning on hiring is the right one for the job, you must first determine if he is a licensed real estate broker, just so you can be sure that he has the necessary knowledge and skill that any real estate broker should possess with regards to the real estate market. You need to check if he is in fact a legitimate real estate broker just so you can put your trust in his ability and knowledge.

Another factor that you should check is his experience. Ask about his previous clients and transactions, and check if whether he was able to perform in those dealings in the way that you expect of them. This is also the perfect time for you to ask for referrals and check from other people, more specifically from his former clients, his performance and their satisfaction with his performance.

Since Miami real estate is very well sought after, a lot of offers may come into play when you put your Miami real estate out there in the market. Due to this, you need to make sure that your potential real estate broker knows or has a substantial knowledge and understanding about the real estate market, more specifically, the real estate market in Miami. Having such knowledge will help him better handle the entire buying or selling process of your real estate experience, giving you the best possible transaction for your property.

Miami Real Estate - http://miamirealestateinc.com

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Five Key Condsiderations for Choosing The Right Commercial Real Estate Broker

Commercial Real Estate investing requires working with the right Commercial Broker to reach your investment goals. The following Five Key considerations will determine if a broker will bring you a stream of quality properties you are looking for and makes your business their priority.

Key consideration number one: Do your due diligence.

Start by doing the same kind of Due Diligence on your Broker Candidates as you would on properties themselves. This will increase the probability that the broker you choose will be the right broker. Make sure you create a guideline containing your specific goals and needs to qualify your broker candidates. I research the agents that I will potentially be working with. I read their brochures, promotional literature, websites, past closings, etc so I can cross reference credentials and history with other brokers in the marketplace. Remember, choosing the right Commercial Real Estate broker can potentially net you millions of dollars worth of time and money.

Key consideration number two: How long has the broker been in the business?

There are many brokers who cross over from Residential Real Estate into Commercial Real Estate in an effort to "make big money". What they fail to realize is that Commercial Real Estate is more than just selling or buying real estate. It requires an ability to understand and interpret profit and loss statements, rent rolls, third party contracts, and many more specific documents that are involved with each transaction. It's more than just writing up a contract. If your potential broker can not figure out the Net Operating Income of a building or can not tell you what the debt service coverage ratio is, then you need to keep looking.

Key consideration number three: Have they kept current with changes in their profession along with market changes?

Ask the commercial real estate broker about his or her credentials, certification and education in terms of selling commercial properties. Your Commercial Real Estate broker may have years of experience but they also need to be able to adjust to new selling or buying methods. If your broker is not in the loop about the newest trends of investors buying pools or how new technology is affecting the market trends, you may potentially lose out on a property. I never deal with brokers who have some commercial experience, it is important to know who you are working with in terms of their familiarity with the type of investment you are considering.

Key consideration number four: Make it a point to get to know the broker's staff.

It is important to ascertain the competency of their staff to see if your deal will be handled with professionalism and efficiency. The right broker will have key employees that have a wealth of knowledge about an area and the ability to make a transaction smooth. Things to consider are: Who do they know that will help me build my team? What type of relationships do they have in the industry? Do they maintain broad relationships that can assist me in developing market contacts?

Key consideration number five: Most of all, make sure the broker is loyal to your needs as an investor and is not in a conflict of interest.

A broker with a fiduciary interest in a property is incapable of putting my needs first. I am very careful to deal with business ambiguity up front in all contractual relationships and will work with someone based on their their loyalty to me being their first priority. Pay particular attention to how fast they return telephone calls after meeting. This may sound insignificant, but it says something about their professionalism and the way they do business. First, a broker will have information about the market that you will not, especially if they have worked in the area for an extended period of time. I have worked with brokers that have sold the exact same properties a number of times. They were able to give me history about building conditions and ownership that I was unable to get from other sources.

Interview as many brokers as needed to make sure they are a good match to do business. The right broker will find commercial properties that meet your investment and business criteria. In the long run this is a business relationship that grows over time, so make it a point to nurture this relationship. Clarity about your investment criteria will help reduce problems finding the right broker. Some resources that can help you begin your process would be The National Association of Realtors, recommendations from other investors, checking professional periodicals online and off, investment associations, and word of mouth from trusted allies.

SUMMARY:

-Choose your Broker carefully - do your due diligence here too

-Make sure they have specific Commercial education and experience

-Know the way they work and the times needed from contract to close

-Be clear on the properties you are looking for

-Make sure the Broker is always working in your best interest

-Evaluate their staff in the same way you do the Broker

-Close when you say you will - so they get paid

-Take good care of your relationship - it will get more and more valuable over time

Learn more from a proven Investor Education Resource:

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ITU is a subsidiary of the Partnered Property Acquisitions Group, The PPA Group, of Austin, Texas. The PPA Group has holdings of over $40 million in commercial real estate with a projected target of over $100 million in commercial real estate acquisitions by the close of the forth quarter of 2007. Visit http://www.theppagroup.com

The PPA Group does business in all 50 states. Monte may be contacted at (512) 651-0513. ITU is the #1 educational resource for in depth commercial real estate investment education offering a proprietary investment system taught by Monte Lee-Wen.

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