Ask Your Real Estate Agent These Questions

Ask Your Real Estate Agent These Questions

A real estate agent is a person licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. They work in association with a real estate broker or a brokerage company. Smart customers always want an agent who will help and guide them to find a suitable home that meets their needs and can get them through closing without any hassle. On the other hand, a good real estate agent should know how to counsel you, how to give answers to your queries to better serve you. Therefore, interviewing a potential real estate agent is a sensible idea before deciding on him/her.

There are certain key issues you should discuss with your agent before considering.

How much experience do you have in this business -This does not mean that new agents are not valuable. What matters most is their training. In fact, freshly licensed agents have more time for you to concentrate.

What will be your strategy for my needs-Buyers should expect their agent to have a plan to help them find their right house within a stipulated period. They expect their agent to have good information about each property and every thing related to it like professionals who will be helpful in inspection and financing. Sellers, on the other hand, expect their agents to sell their house in a good price.

Can you provide any references-Before deciding on any agent, you must ask to provide references. Even new agents have references from the previous employers.

Do you have enough time to devote for me-If the agent is working with several buyers at a time, it will be difficult for him/her to devote much time for you. The success of your transaction depends on regular communication.

How will you help me getting other professionals-Your agent should be able to provide professionals like mortgage brokers, lenders, and home inspectors.

What will be your price-Generally, real estate agents charge a percentage from either the seller or buyer, they represent. A listing agent may charge more.

What happens if I am not satisfied with your services-If, after a certain period, I realise you are not good enough for my needs, will you cancel the agreement? What is your company’s policy about cancelled agreements?

Last, but not the least, why you think I am going to choose you-A good agent will not hesitate to answer this. Most customers want their agents to be good communicators, honest, punctual and friendly.

Once you have found the right real estate agent to represent you, help him get you the best deal.