Choose the Right Real Estate Agent Before Buying a Property

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Choose The Right Agent Before Buying a Property
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Tip 1

• Meet agents out in their working environment, not
  in their offices. Good agents spend very little
  time at their desks.

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Tip 2

• Make sure the agent has closed many properties
  and has worked a few years at least. The average
  real estate agent closes only 1 or 2 houses a
  year. More closings mean more experience.

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Tip 3

• A great place to meet agents is at open houses.
  Don't worry that you are not interested in that
  particular property. The agent knows that open
  houses rarely produce a buyer for that home and
  use the open house as a tool to find buyers.

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Tip 4

• Another good method is to contact the agent with
  whom a friend or relative worked. If this agent
  produced positive results for a friend, there's a
  good chance they will do the same for you.

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Tip 5

• Make sure your agent is online. Having a web
  savvy agent is very important today as over 85
  of all buyers initially see their homes online.
  Great agents have laptops and often have moved to
  mobile technology to assist. A real estate agent
  in today's world must email, text, and be
  available to buyers and sellers alike.

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Tip 6

• Interview several agents. Whether you are looking
  for a buyer agent or seller agent. Remember
  though, agents will tell you what you want to
  hear. Make sure they are not selling you a dream
  partnership... you want to hire a realistic real
  estate agent. Don't sign a buyers agreement form
  before looking for property (you should feel free
  to build trust with a real estate agent over
  several hours of looking before signing anything).

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Tip 7

• Look for signs that the agent is busy. A
  hard-working, go-getter of an agent is good. Be
  careful, sometimes they are too busy. A real
  estate agent can only effectively work with about
  a half-dozen buyers and a dozen sellers at any
  given time to properly give the time needed to a
  buyer. If they pass you to an "assistant", move
  to another agent that will give their time to you.

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Tip 8

• It is important that your agent is knowledgeable.
  Ask questions about things you have learned
  through your new-found interest in real estate.
  If they don't know more than you - after all,
  this is her livelihood! - go on to seasoned
  agent. Local knowledge is particularly critical
  especially in city settings.

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Tip 9

• An excellent agent is the most important to you
  when buying a home for the first time. They
  should have experience and should be able to
  guide you through the complexities of the process
  including lender info that you will have to
  provide. The loan process has become much more
  demanding and complex in 2013.

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Tip 10

• See how the agent's MLS listings come up in
  searches. When listing in today's market, all
  listings from small to big should have
  professional photos - this is the first sign of a
  professional real estate agent who understands
  today's market.

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Tip 11

• How respected is the brokerage/agent. You want an
  agent that will network and work cooperatively
  with other agents. Seasoned agents tend to know
  the other agents in the area and have good
  working relationships with them. This tends to
  transform into good transactions.

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Tip 12

• Check the references that an agent should be able
  to provide you. Ask the other real estate agents
  you interview if they know the other agent and if
  they respect them as a real estate agent.

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Tip 13

• Ask your agent where they live. An agent that
  lives and works locally will have their finger on
  the pulse of the market and be able to answer
  important questions about the community. They
  should at a minimum know the schools where they
  work. This is especially important in large
  cities.

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Tip 14

• Ask "Can you recommend service providers who can
  assist me in obtaining a mortgage, making repairs
  on my home, and other things I need done?" Keep
  in mind here that a real estate agent should
  generally recommend more than one provider and
  shouldn't receive any compensation (ethical
  issues tend to arise when this happens).

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Tip 15

• Ask how long the real estate agent has been
  working full time. It is not that newer agents
  aren't capable, it just is a factor in making an
  informed decision. Many "experienced" agents are
  not always the best choice either. Especially if
  they haven't kept up with technology.

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Tip 16

• Ask the agent if the real estate agent is a full
  time agent. Is this her only job? You should
  demand a full time agent.

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Tip 17

• Ask Who the agent is working for in the
  transaction, the buyer or the seller (a real
  estate agent selling a house almost always works
  for the seller and tend to spin things a sellers
  way)

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Tip18

• Ask "How will you keep me informed about the
  progress of my transaction? How frequently?"
  Using what media? Again, this is not a question
  with a correct answer, but that one reflects your
  desires.

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Tip 19

• Don't expect an agent to call you instantly when
  you leave a message, but do expect a call back
  within 24 hours or a reasonable amount of time
  depending upon the situation.
• Don't call your real estate agent after hours,
  past 9 pm or so. They have a life too.
• This is your most important transaction of your
  life, a seasoned real estate agent does this
  everyday and understands the many problems that
  arise during the process. Try to keep the big
  picture in mind.
• Your house / or the house you are buying is a
  commodity. Supply and demand within a
  neighborhood play an important role in pricing
  and timing of a sale. Try not to become overly
  emotionally involved in the purchase/sale of the
  property.

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Tip 20

• See a few properties in the same area on open
  house day, to get an idea about the house prices
  in your selected neighborhood. This will help to
  keep you from being completely blind-sided when
  you go to an agent.

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Tip21

• Work with a Local Market Expert. There are real
  estate agents who specialize in working within a
  specific community. Even if you have a real
  estate agent that you like, you might be best
  served by a real estate agent who knows the area
  well, and can advise you about any adverse local
  market conditions that an outsider might not be
  aware of.

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Tip22

• If you are a buyer, you want to work with a
  Buyers Agents (also known as a Buyer Broker.)
  This was you know your interests are protected in
  the transaction. Likewise if you are a seller,
  you want to work with someone that is experienced
  in representing the seller and securing the most
  qualified buyer at the best net profit for you.
  Not all agents are experts in working with buyers
  or sellers, so you need to ask specifics.

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