Alt-tag: People shaking hands in front of the house.
10 Questions To Ask Your Real Estate Agent
When it comes time to buy or sell your home, you will need a real estate agent. Having a buyer's or seller's agent who can represent your interests is crucial in making the sale happen without issues. An agent can help you understand the process of buying and selling a house. They can provide you with valuable tips and advice and help you negotiate a better price. However, finding the right agent who is suited to handling your needs can be difficult. Therefore, here are ten questions to ask your real estate agent to make sure they are the right match for you.
What is your M.O.?
Different agents have different approaches and ways of communicating. Find someone whose style you like, and it will make the entire process more enjoyable. Inquiring about your agent's strategy is one of the most critical questions to ask your real estate agent as soon as you meet them. First impressions are essential, and it's good to trust your gut instinct. If you like what you hear, you can discuss the finer details since there are many benefits to having a good agent. But if their sales pitch doesn't work for you, move on and find an agent you like.
How involved will you be?
Find out how frequently you will communicate with your agent. Ask them to inspect all of the paperwork and documentation with you, and forward them any emails you get. Experienced agents will guide you through the sale and update you on how things are going. An excellent way to make sure you avoid real estate scams is to prepare ahead and avoid problems. Pick an agent who is fully committed to you as a client and ask them to double and triple-check everything.
Caption: Find an agent who will make you a priority.
Alt-tag: Real estate agent standing in front of a house with a red For Sale sign.
What kind of property is your specialty?
Some agents deal with only one kind of property, while others are generalists. It’s good to know what your agent’s strong suit is. Pick an agent who specialized in or has experience with the type of home you are selling or buying. They will know all about the rates at which such houses sell, trending home features, and the best neighborhoods.
How are you commissioned?
It's okay if you don't know exactly how the agent gets paid and from whose pocket it comes out. Most people have no clue either. Even if you are acquainted with the matter, you should still ask your agent to explain how commission works. Commission rates can vary, and you should know what you are dealing with to avoid surprises later down the line.
Do you have referrals or reviews from past clients?
Getting an agent with a good reputation means that you can relax and be in good hands. You can ask your friends or relatives who recently used a real estate agent for a recommendation. If none of your trusted acquaintances bought or sold a property, you can look at online reviews. Ask your agent about past experiences and if they are willing to connect you with some of their former clients. A good agent will have nothing to hide, and they'll undoubtedly have many happy clients that will vouch for them.
Caption: Real estate agents are great at networking, ask them for help and use their contacts.
Alt-tag: Architect standing behind a desk with blueprints.
Can you recommend other professionals?
Seasoned real estate agents with a lot of experience have certainly worked with many other service providers. It will come in handy since you are going to need recommendations for movers and home inspectors. Once you have a real estate agent you can trust, you can lean on their experience and connections. Instead of sifting through reviews or hiring workers on a whim, you can ask your agent for tips and advice.
What is the timeline we can expect?
Ask your agent to explain the schedule and timeline to you. If you want to sell a property, ask when the photographs will be taken and when the listing will be posted. Discuss the steps in the marketing campaign and how and when they plan to feature your property. Knowing the timeline is also crucial when you are buying property of any kind. The last thing you want are apartment buying delays. It's vital you don’t waste your time and that you avoid unnecessary hold-ups. You’ll want to move in as soon as possible, so do your best to find out about any delays that might occur and the things you can do to avoid them.
Caption: One of the questions to ask your real estate agent is when they will post your listing online.
Alt-tag: Website measuring clicks and retention.
Are you going to be present for the home inspection?
Home inspections are an integral part of the home buying process. Every single home will have something come up if they are thoroughly inspected, even newly built ones. If you want to get the best idea about the property in question, it's advisable to hire a professional inspector. Some of the issues they uncover will be minor, but others can significantly impact the sale. If your real estate agent is present during the inspection, they'll know which issues you can use to your advantage.
How will you negotiate?
One of the jobs of an agent is to represent your interests in the negotiation process. Find out how your real estate agent will do that. Ask them what they can do to negotiate better sales terms. Make sure to use any problems brought up by the home inspection as leverage in the negotiation. Your agent will also know what similar homes on the market go for and ensure you get a fair price. You will need to be realistic and understand that the other side will try to negotiate as well. Negotiation is a delicate balancing act. There will be some points where you will need to give a little before the other side budges. Find an agent who understands the push-and-pull that comes with a real estate sale. Don’t go for agents who give you empty promises.
What do you know about the property?
If you are a buyer, you might already have your heart set on a specific property. On the other hand, if you are a seller, you'll want your home to be well represented. Your agent needs to roll up their sleeves and do their homework. Ensure your agent is informed about the construction, neighborhood, previous owners, and everything else you might want to know.
Knowing what questions to ask your real estate agent lets you separate the wheat from the chaff. There is no reason to settle with someone you aren't comfortable working with. Be persistent, and don’t be afraid to keep asking questions. Good agents have nothing to hide, and they will quickly win you over with their confidence and knowledge.
Meta description: If you are selling or buying a house, you'll need an agent. Here are the 10 questions to ask your real estate agent to determine if they are a good fit for your needs.