Your real estate transaction is too important not to use the right real estate agent.
As you consider buying or selling you need to make sure you work with a real estate agent you can trust. A good real estate agent will take care of the little things that can cause stress and make the process as easy as possible. They will help get you into your dream home or sell for the highest price. They will keep you updated and involved every step of the way. The first real estate agent you meet may not always be the best one. Before you commit you need to know a little bit about whom you are planning to work with. Here are four essential questions to ask your real estate agent.
What is your experience? There are many different types of real estate agents. There are some who have spent their adult lives working in real estate. There are others who only practice on a part time basis. They don’t actively look for deals and only take listings when they come their way. Both options can work in the right situation but you need to know just how involved in the business they are before you commit. If you have a specific home request you may be better served using someone that has been in the business a little longer. If you are in a hot market you may not need an experienced professional. Experience doesn’t always equal results but it can be a good indicator.
How well do you know the area? A successful real estate agent in one location may not be as successful somewhere else. It is important that you work with a real estate agent that knows the area you are working in. Plenty of things can change simply by driving twenty minutes. Not only do market demographics change but sales prices and list volume change as well. It is better to use a real estate agent that is established in your areas of focus. They will understand comparable sales and be one step ahead of market trends. It is subtle things like this that separate good real estate agents from great ones.
How will we keep in contact? Whatever side of the transaction you are on you need to know what is going on at all times. One of the biggest complaints buyers and sellers have is not staying in contact with their real estate agent. You want to know that you will be updated throughout the process. Ask your real estate agent how they plan on giving you updates and how frequently. If your real estate agent gets annoyed at the prospect of sending a quick text or email every few days you should go in another direction. In this day and age of advanced technology it is easier than ever to stay in touch. Find a real estate agent that understands how important this is to you.
What are your costs? Cost is always a consideration. However when working on a real estate transaction it is not always the most important factor. As the old saying goes you get what you pay for. This doesn’t mean you have to throw money away but you will typically save or earn more by using higher quality real estate agent. In addition to asking about what the commission ask what you are getting for your money. Find out how they plan to market the property and what sets them apart from their competition. The more you know about what you get for your money the easier it is to make a decision.
It is ok to take some time and talk to a handful of real estate agents before committing to anyone. This is your transaction and you need to be comfortable with whatever you decide. Use these four questions to help narrow your search.