Finding A Real Estate Agent
Whenever you buy or sell real estate, you may be like millions of other people out there, in thinking that you don't need a real estate agent. Most people who buy or sell homes, generally think that a real estate agent is a waste of money. Those who choose to buy a new home, think that real estate agents only add to the cost of purchasing the home.
What most people aren't aware of, is the fact that real estate agents are normally paid by the seller, not by the buyer. As a buyer, you"ll get to work with a professional real estate agent without really having to pay for it yourself. The policies can vary greatly from state to state and company to company, which is why you should always check any paperwork or contracts that are provided to you to ensure this is the case. When you are interviewing agents, make certain to ask about any type of fees as well.
A lot of real estate agents out there may work with both buyers and sellers, although most specialize in working with either the buyer or the seller. If you are buying a home, make sure that the agent you choose has prior experience of working with buyers and transactions that involve no money down. This way, you can count on your agent to be there when you need him the most - especially if you don't have a down payment.
If you are interviewing a real estate agent and he or she isn't familiar with down payment assistance programs, you shouldn't hire their services. Agents who aren't familiar with these types of programs generally aren't on the level, or they may lack the experience necessary to help you purchase the home of your dreams.
You can also make a list of real estate agents that you can interview based on referrals from friends, lenders, and even family. Lender referrals are normally a great choice as most lenders have worked with their recommendations in the past and both are already familiar with each other. Choosing a lenders referral can also prevent you from encountering any obstacles or surprises.
When you interview a real estate agent, make sure that you have the agent explain his fees. This way, you"ll know exactly how much he will be getting from the purchase. You should also find out how much experience he has in the field, and how long he has been working with real estate. You can also ask about sample contracts as well. If you are buying a home, you should make sure that the agent works with buyers. If you happen to be selling your home, then you"ll want to make sure that the agent works with sellers. Agents that are dedicated to one or the other are the best to choose, as they will have more experience than agents who work with both buyers and sellers.
Find a real estate agent is an easy task - providing you know what to look for. If you take things one step at a time and carefully make a decision, chances are that you"ll end up with an agent who has the experience you want. You should always be careful when you choose, and never rush the process. Real estate agents are easy to find, although finding one who fits your needs and has your budget in mind is a little tougher to locate. When you make that final decision, you should always choose an agent who has your best interest in mind - and isn't just after the money.
When I was in the real estate business I found prospective buyers often were afraid to enlist the help of a realtor because of the misperceived added costs. The reality is that hiring a buyer's agent can actually save you time and money. Your agent will do all the legwork and find available properties in your price range with the specifications you are looking for. They can also provide you with up to date market information to help you get a bargain when it is time to put in an offer.
International Level: Activist / Political Participation: 32 3.2%
Honestly, I've found better in doing my own research. I mean it is true that a real estate agent may be nearer to related information than I am, but then they also tend to butter things up because they want a sale. This is not meant to contradict the person above, it's just my experience. Don't rush into anything and don't feel rushed. If an agent is rushing you then look for the reason behind it.
International Level: Junior Politician / Political Participation: 100 10%
I agree a buying agent is great help but you do need to have your own leg work done first to ensure they are not leading you down the garden path.
Also remember they work for you not the other way around.
International Level: Senior Politician / Political Participation: 188 18.8%
The key to finding a good agent is to talk with previous clients. Find out who they have worked with and ask plenty of questions about the good and the bad. Another good sign is if they are repeat customers. When an agent does a good job for you that is the first person you are going to call next time you are in the market - even if it is years down the road.
International Level: Activist / Political Participation: 32 3.2%