Choosing The Right Real Estate Agnet
54How To Find The Right Realtor For You?
Knowing how to find the right loan is only one part of the home buying process. Choosing the right real estate agent can ease the entire buying process - whether buying your first or fifth home. As such it requires the same time and consideration that you would give to choosing any professional service such as your physician, investment banker or accountant. You will want to check their competency, credentials and client service record.
It is not as easy at it appears, when choosing a real estate agent Credentials and competency are one part of the
selection process but equally important is chemistry. Your real estate agent
will become your partner in the process. You want someone who will listen and
understand your needs and will work on your behalf. The reaso9n why this is crucial to your home
buying process is if you choose poorly, you may find an agent that chooses to
serve his or her interests above yours. You should obtain references, do your
homework and interview potential candidates.
Your real estate agent will be assisting you in one of the most important (and
largest) purchases you will ever make. It is important to choose an agent that
you trust, respect and like. Shop around and interview at least 3 candidates
before making a selection.
Real estate agents may work for buyers, sellers or both. However, buyers Agents
do not list properties or work with clients selling their homes. This can eliminate
any potential conflict of interest. If you choose to work with an agent that
represents buyers and sellers, you will want to ask whether the agent will be
showing you properties that his or her company is selling. This will avoid any
misunderstandings down the road.
Ask the agent how long he or she has been working in the field. A more
experienced agent is likely to give you better service and greater attention to
detail. This is should not be your primary focus, because some newer agents may
possess heightened desire to have favorable outcome to your transaction together.
. If you are not working with a Buyer's Only Agent, ask how much of the agent's
work involves representing buyers. This will provide you with insight as the
agent's ability to ask the right questions throughout the buying process. Do
ask for references. Ideally, obtain the names and phone numbers of 3-6 buyers
that the agent has recently represented.
If the agent seems unwilling or uncomfortable in providing references, this should be a red flag. Once you have the references, follow up with them. What was their experience with the agent and/or firm? Was the agent responsive throughout the process? Was the agent helpful and knowledgeable? How long did the process take? Did the agent understand their needs? Would they use the agent again? There is no greater way to assess an agent's abilities than by speaking with former clients.
Ask about the agent's network of resources. What other value added resources and professionals can they access? Does he or she have a relationship with home inspectors and contractors with whom they frequently use? An agent with a trusted network of resources can save you time and money.
It is far better if the agent can quickly bring in a professional when needed rather than having to track one down. You will benefit from dealing with a proven professional and because of the agent's relationship; you may also receive discounted rates.
It is a good idea to interview a few agents before making your choice. This will enable you to make the best selection from a pool of qualified candidates. Use the questions below as your guide when interviewing agents.
• Will you provide references? May I call the references with additional questions? • Do you have resources to help me find other professionals? What process will you use to help me find other professionals? • Do you offer a guarantee? • Has anyone ever cancelled an agreement with you? Why?
A good agent will ease the pain of finding and purchasing your new home. You want to work with someone who has the knowledge and resources to help you in your home buying quest. Equally important is selecting an agent with whom you can develop a good working relationship. After all they will be part of one of the most important financial and emotional decisions of your life!
"My goal is to
transform every hometown hero into a
long-term homeowner".
Colin F. Watson
CEO and President
888-242-5282
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