Choosing A Broker

When you’re considering buying or selling real estate in Virginia, choosing your broker is one of the most important steps in the process.  This is going to be an extremely important transaction for you so it’s very important that you feel comfortable with the person who will be there with you every step of the way.  To achieve this level of comfort, apart from the obvious need for compatible personalities, knowledge is key.

Before you enter the real estate market you really need to equip yourself with some basic knowledge about how the industry works.  This ranges from technical jargon to actually understanding how the numbers add up.  A basic understanding of real estate law will also help hugely in this regard.  There is no need to try and amass the type of knowledge that will allow you to pass the bar exam but it is extremely important that you understand how the law and finances work.  The absolute best weapon in your arsenal in any type of negotiation is understanding the playing field and a working knowledge of the process of real estate sales, an understanding of some of the potential pitfalls with regard to real estate law and knowing how the financial processes work will be vital in allowing you to do business in an efficient manner.

Also, without getting into the specifics of Virginia, it’s important to remember that even if you have knowledge in the area real estate law that some of this is federal and some of this is based at the state level, rather than just presume you already understand how  specific charges are taxes are levied, you really need to check up on these to make sure they work the same at this local level compared to what you may been used previously.  Therefore, an understanding of finance, general real estate law and the specifics of local law in the area in which you were dealing will allow you to build a solid working relationship with your broker and it will also save you a lot of sleepless nights where otherwise you might not fully understand the process you are involved in.