Top 5 Best Practices for Finding Qualified Real Estate Vendors
In the real estate industry, how do you find qualified local vendors for projects or services on your property? Making sure to look for specific and certain criteria can make all the difference.
1. Use a Real Estate Specific Vendor Network
Using a website like Angie’s List, Yelp, or Craigslist can bring back results for a large varieties of vendors, but won’t necessarily filter down the results to real estate vendors for your property. You’ll want to use one that is easily searchable, so that you can search by vendor type, category, or by your location.
2. Contact References
Does the website offer reviews or references for each vendor? Instead of just basing your decision off of a review, follow up with the company that wrote or rated them. In order to perform due diligence, make sure that the total service offered was completely satisfactory from beginning to end. How did they follow up the project? If they did at all.
3. Make Sure they are Insured
It may seem like a weird question to ask a potential vendor, but being prepared is the smartest way to run a business. Do they offer errors and omissions, worker’s compensation, property damage, or liability insurance? If so, what is the amount covered, and do they readily offer up policy numbers to verify?
4. What Types of Associations are they Affiliated With?
Many of you may already employ this tip. Being affiliated with a service specific trade association typically shows initiative, interest in furthering education, and great contacts for help with work, or professional advice on projects. If they aren’t associated with any trade associations, I would ask “why?”
5. Do They Have an Internet Presence?
While some may disagree on this point, in this day and age online branding should be a main source of marketing. If the vendor you are researching does not have a website, or while one is being set up, research the company on Google. What comes up? Websites are they associated with, other companies they’ve done work for, etc. If they do not show up anywhere on the internet, hopefully they were referred to you by a very trustworthy source.
Make sure to perform due diligence when selecting contractors or vendors for your property. Our website offers free directory searches for real estate professionals, so check them out today and get to re-paving that asphalt!
Author: Elizabeth Whited – RealtyTimes.com
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AMPI is the national association of real estate professionals that have, since 1956, gathered under laws and codes of ethics and conduct to create a reliable, trustworthy an efficient real estate environment in Mexico.
AMPI consists of separate autonomous sections all throughout the nation, as well as more than 4,000 associates and affiliates. Each section is independent and has its own board of directors, only surpassed by a national board of directors comprised of twenty associates from all over the republic.
Developed over the years with the input and knowledge of its members, AMPI is much more than just a collection of offices. AMPI has been a solid and recognized institution in Mexico for the past 27 years. It was originally established in 1956 and was consolidated in 1980. AMPI is currently represented in all the principle cities and regions of Mexico stretching from Tijuana to Cancun.
The Riviera Nayarita, Vallarta and Compostela chapters of AMPI are dedicated to promote the best practices in real estate by providing its members with education to reinforce the standards of ethics that give our industry the credibility which our clients deserve.
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