How To Choose A Real Estate Agent: A Guide For The Clueless
Hiring a good real estate agent is the first and foremost step in the process of making a successful and hassle free property transaction, but when it comes to buying property, though, most people discover a little too late that they’re clueless on how to choose a real estate agent.
How do you know if the agent you are looking at is the right agent for you? Here are a few tips to help you pick the best of the lot.
Some Tips On How To Choose A Real Estate Agent
Go For Experience
Find out how many transactions the agent has carried out in the last few years. If your agent has closed more than two property deals a year, it means he or she has more experience to bring on board. Choose experienced agents as they should be able to fluidly guide you through the entire transaction including the loan process.
Make Use Of Referrals
It is always a good idea to shortlist agents with whom a friend or relative has worked before. If your friend was happy with the agent’s work, chances are you’ll also get the same positive results. Ask other agents you interview if they know the other agent, and if they would recommend him or her. Also, don’t forget to check the references that an agent is expected to provide you.
Opt For Local Agents
Ask your agent where he or she lives. A local agent will have a better feel of the market, and will be able to give you relevant information about the community. A good agent should have a fair idea about the neighborhood schools, hospitals, shopping complexes, and other amenities.
Choose Full-Time Real Estate Agents
Most part time agents aren’t likely to give you their best, as their energy and time is divided. It is always a safer bet to go with a full-time agent.
Web Savvy Agents
Choose a real estate agent who is online, as over 85 % of real estate listings are made online. Your agent should be web savvy and must email, text, and be connected on the move. Check if an agent’s multiple listing services (MLS) come up in searches, and if they have professional photos. If not, move on to another agent.
Keep Several Options Handy
Interview several agents before you select the right one. Agents will often tell you whatever you want to hear. Make sure you hire a realistic real estate agent.
Stay Away From Busy Bees
Watch out for signs that the agent is very busy. A hard-working, successful agent is good. Be careful if they are too busy, as they will not be able to give you enough time. If they pass you on to their assistant, move on to another agent.
Test Their Knowledge
Research about the local real estate market, and prepare a list of questions that you expect your agent to know the answers to. If your agent doesn’t know more than you, he or she isn’t knowledgeable enough.
Buyer’s Agent Or Seller’s Agent
If you are in the market to buy a house, choose a dedicated buyer’s agent. If you want to sell a house, choose a dedicated seller’s agent. A dedicated agent will work towards protecting your interests in the transaction, unlike a dual agent, who is set to gain from both the buyer and seller.
These tips should help you understand how to choose a real estate agent – one who can help you find your dream home.
Have more tips to share with us? Let us know in the comments below!
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