Although home buyers and sellers in Las Vegas shouldn’t expect housing prices to reach the lofty heights they did before the bubble burst in 2008, there are still plenty of reasons to be optimistic about your chances of success in the Nevada market – as long as you do due diligence when it comes to landing a real estate agent. In the years since the real estate disaster, both pricing and volume are picking up the pace in the steady march towards stability, and Las Vegas home values are one of the many locales to benefit from this.
Identifying the Right Real Estate Agent
Simply put – you’ve got to know who is selling (or buying, for that matter). Like most locales with strong and growing housing sectors, Las Vegas has plenty of real estate agents from which to choose, on the surface. The last thing you want to do, however, is to be swayed by a fast-talking, charismatic agent who turns out not to even be licensed. To be on the safest side, you might want to look into a Las Vegas realtor or real estate broker (which just means they’re more educated than an entry-level agent – but these don’t guarantee the best terms for you.
To this end, choosing a Las Vegas real estate agent should revolve around customer reviews and established success – there should verifiable evidence that they’ve actually closed deals for satisfied clients. After all, wouldn’t you want to display your certificate of completion for a college degree or your law license, etc? These should be readily accessible upon request, and a real estate agent should be eager to show them off. If they don’t have anything to show, either they are very new to the field (not a bad thing outright – we all have to start somewhere or they lack positive feedback from previous customers. Ultimately, to be on the safest side, choosing an actual realtor really ups your chances of getting a better sale statistically.
The Short List on Las Vegas Realtor-Hunting
As for actionable advice on making sure you get a competent realtor with your best interests in mind, consider this blueprint:
- Narrow your search down to a list of 3-5 real estate agents. Use the internet, use coworker’s recommendations, family, friends and acquaintances that’ve had any recent dealings with a Las Vegas realtor or home sales professional. The simplest question to ask them is, “would you employ this real estate agent again?” That gets right down to the point and produces an unequivocal answer regarding who to cross off the list, and with whom to schedule an interview. As mentioned, the internet can be a wonderful, comprehensive tool – search for a page that has the agents’ acquisitions and other successes listed.
- Once you schedule an interview, always ask how long your agent has worked in the real estate in general, and whether they’ve been licensed specifically in Las Vegas and how long ago. You want to make sure they know their particular market, which goes above and beyond the general education required for licensure. For obvious reasons, making sure that your realtor has loads of experience is a good thing – but do not rule out new realtors – they often have more time to be more committed to house-hunting. If the education and professionalism is there, don’t be afraid to pull the trigger just because the years are not (yet).
- Make sure to have a relaxing conversation with the realtor. It’s okay to have prepared questions, but this isn’t a multiple choice exam – you want to get to know the actual human being who is going to be responsible for selling or buying your next home. Oftentimes, you’ll form a relationship with a realtor that can span decades. At the end of the interview, get references from them regarding other customers – repeat business is always a blue flag of victory for how good the realtor is.
Much of this shouldn’t take you more than a week or so – prospective home buyers can do quite well with vetting just 3 realtors. Las Vegas real estate is quite competitive, which benefits the end-user most. Agents and realtors who can’t stay afloat definitely drown, as the more capable and successful take over the reigns. Just remember, it all starts with you and the amount of work you’re willing to put into securing that top-flight real estate agent or realtor.