If you are looking to either buy or sell a home there are a few questions to ask when hiring a real estate agent. First, you want to concern yourself with the agent’s level of experience. You want to find out how long they have been in business. It is also important to know how often an agent works in the area your area if interest. After all, an agent can have a lot of experience in one locale but not have much local knowledge in the area you want to move to.
Experience means that you need to find an agent who sells a lot of homes in your price range. Experience also means finding the right agent for your area of need. This means finding a residential real estate agent if you are looking for or to sell a home, someone who specializes in land if you want to purchase or sell a vacant parcel, or a commercial agent for commercial space.
Questions to Ask When Hiring a Real Estate Agent: For Buyers
When you are looking to buy you want to find out how well your agent can represent you. This means asking questions about some of the agent’s negotiation strategies. How can they present your offer in the best light? In a competitive market this is a lot more than simply offering the largest amount of money. There are a variety of ways to make any buyers offer stand above the rest. Additionally, once you are under contract how will your potential agent support you? Will they continue to advocate on your behalf through inspection and appraisal, or will the next time they speak to you be at the closing table?
As a seller your needs and desires are different than that of a buyer. This likely boils down to two things. You want someone who can sell your home in a timely fashion and for the greatest amount of money. Sellers need to find out how well a potential agent knows their market, and their area. It is also important to understand what methods an agent uses to arrive at a price to list your home at. Money is just one aspect, time is also a vital factor.
For you this could mean a quick sale, or maybe you need a longer amount of time to determine your next move. When it comes to questions to ask when hiring a real estate agent you want to find out how they will remove road blocks during the under contract process to prevent delays. An experienced agent brings with them a specialized team of people, from inspectors to contractors to make repairs. Sometimes we can even negotiate to have the buyer use our preferred local lender to avoid the fly by night online operations which always result in delays. Find out if the agent you are interviewing has access to these types of professionals.
If you need help interviewing a great agent anywhere in the world we would be happy to find a great fit for you. Contact Us and let us ask the important questions so that your interests can be best represented.