The sale and purchase of real estate can be confusing, so you need a real estate agent that you can trust. The current housing market has resulted in a glut of home realtors, so they are willing to compete for your business. In this article, we’ll reveal the questions you should ask when choosing an agent to represent your interests.
There are thousands of realtors to choose from, so how will you know who is best for you? A good place to start is with your friends and family. Ask them to recommend agents they’ve worked with in the past. Once you meet the agent, evaluate their presentation, sales plan, experience and their knowledge of the local market. Some home realtors specialize in certain types of housing, so make sure the realtor has the specialty you need. Be very clear about the commission the agent will charge and what you expect. You should interview at least three agents before hiring someone.
When choosing an agent, be sure that they have experience in neighborhoods that interest you. That way, they’ll know what’s available and in what price range. If you’re listing your property, then a good agent will know the market well enough to set an optimum asking price attractive to both seller and buyer. Be sure that communication stays open and phone calls are returned. Some agents employ assistants to handle much of their legwork. If this is the case, then be certain your agent is the one present when it comes time to check the contracts and close the transaction.
As in any other business, there are good and bad realtors. A buyer’s agent works only for the buyer and is bound to represent you above all other interests. A seller’s agent works only for the seller of the home. This means that they only look out for the seller’s interest. If you are using a disclosed dual agent, then the agent works for both the buyer AND the seller. This often happens when an agent sells a property that they have also listed for sale. Obviously, this is a conflict of interest. As a home buyer, you’re better off working with an agent who works only for you.
Although realtors provide valuable services, they are not legally required to be involved in a transaction. In fact, many people choose to bypass realtors and opt for the For Sale By Owner route, which save on fees. However, selling a home takes a lot of time and this is what makes home realtors so valuable. In the current real estate market, you’ll find that most agents are willing to work around the clock to get your business. Be picky when choosing an agent. They could end up making a big difference when buying or selling your home.