Whether you are buying or selling a home, using a real estate agent would be one of the best options for you if you want to go through this process as easily as possible. However, there is a cost to working with a real estate agent, so you need to ensure that you are getting the best possible service for the money you are paying.
Finding a reliable real estate agent involves careful planning and research, which can also take time. For this reason, you should come up with a list of questions to ask a potential agent to find out if they can meet your needs. Below you will find several things you can ask to narrow down your search.
These include, but are not limited to, questions about their experience, neighborhoods they mainly work, how long does the whole process of buying or selling a house take, if they have a list of recommended suppliers or how often you can expect updates from them. Keep reading and find out more things to look out for when looking for a real estate agent.
What kind of experience do you have?
Checking the experience of a real estate agent is crucial as it will give you an idea of their success in their profession. You need to find out how many years they have worked as a real estate agent, if they specialize in a specific area, and if they have any certifications or degrees.
You should also ask them about their experience in cases similar to yours. Since a real estate transaction is so important to your finances, it’s best not to hire a completely overwhelmed agent.
Do you have a list of recommended suppliers?
In order to ensure that you get the best possible services, you should ask your potential real estate agent if they have a list of recommended providers. This will help you find reliable professionals who can manage your property without any problems.
The list of vendors can include the names of people who can help you with repairs or maintenance after the deal closes, from garage repair services to plumbers to roofing inspectors. For example, you are moving from Texas in Arizona, receiving a list of reliable contractors in a new location can be helpful.
What kind of neighborhood do you work in?
The neighborhood you want to live in can be one of the most important factors when deciding whether or not to buy a home there. Your potential real estate agent should know the area where you want to buy a house, so they can provide you with the necessary knowledge, whether it’s proximity to public transport or supermarkets.
It would be nice if they could also provide you with references from clients who have purchased homes in that specific neighborhood. If the realtor doesn’t know much about the area you want to move to, you might consider hiring someone else. This shows that they don’t know the property well enough and your purchase decision will not be fully informed.
How long does the process take?
The overall time it takes to complete the process of buying or selling a home can vary based on different factors, but that’s why you hire an agent in the first place – to speed things up. Of course, making a real estate decision isn’t easy, and everyone needs time to find what they’re looking for.
Nevertheless, an experienced agent will have the appropriate knowledge to offer your properties that match your needs and preferences. Moreover, with their negotiation techniquesthey should be able to convince buyers or sellers, closing the deal faster.
That’s why you need to know how long an agent expects the whole process to take and if there are any specific properties that may take longer than usual. This will help you avoid disappointment if the unexpected happens and will also help you plan accordingly.
Do you have a list of recommendations?
It wouldn’t hurt to ask your potential real estate agent for recommendations from past clients. You can do this by asking them if they can offer you names of past clients whose homes have recently been bought or sold.
By talking to their past clients, you can learn more about the agent and how satisfied their clients were with the services they provided. If you don’t feel like talking directly with their past customers, just ask what their overall rating is based on all of their transactions.
Can you expect regular updates?
When working with a real estate agent, one of the best ways to stay up to date is to regularly email, text, or meet with them in person. It would be great if your real estate agent had an online platform where the two of you could share notes via email and text instead of meeting face to face each time.
However, this won’t work if you’re dealing with a busy agent who doesn’t have enough time for this type of communication method. It is best to discuss how often you will receive updates from them before you begin the transaction process.
What is your commission rate?
Since real estate agents earn a commission on the money involved in real estate transactions, it’s only natural that you need to know what percentage of your money will be returned to them.
If you’re a buyer, you generally don’t have to worry about commissions because the seller has to pay. Generally, rates vary between 4% and 6% Across the country. Of course, you can negotiate, but don’t work with someone just because they’ll lower the percentage – your priority is to pick someone who will find the best deal for you.
Working with a real estate agent can save you a lot of time and money. However, while this option is convenient, you need to make sure you choose the best real estate agent for your needs to get the most out of the money you pay.
Hiring an inexperienced agent can make the process more complicated than expected, and hiring an unreliable agent can cost you thousands of dollars in the long run. So, before making a decision, make sure you ask them the right questions to find out if the real estate agent you want to hire is reliable or not. Hopefully the information provided above can help you find the right real estate agent for your needs.