It’s important to ask the right questions to ensure you can find the best. In this article, we will discuss these important questions to ask real estate agent.
10 questions to ask real estate agent before hiring
Asking the appropriate questions when hiring a real estate agent can make all the difference in finding one who fits perfectly for your needs. Here are a few important inquiries that help to choose right realtor:
1. How many homes have you helped buyers purchase in the last year?
Insight into the level of experience and success an agent has when helping buyers find a property will provide insight into their skills, commitment to clients and overall expertise..
2. Is your agent full-time or part-time?
A full-time agent might be more available and responsive to your needs, while part-time agents have greater scheduling flexibility.
3. Are you working with both buyers and sellers?
Agents representing both sides can gain more in-depth knowledge of the real estate market and its complexities.
4. How Many Clients Does the Agent Have Right Now?
An agent with many clients could indicate they’re highly successful, yet they still may need more time for you.
5. Can I check references?
Communicating with an agent’s past clients can provide invaluable insight into their performance and work ethic.
6. Do you typically work with buyers from viewing a home together through to the closing table?
A long-term business relationship can demonstrate your commitment and expertise in helping buyers find their dream home.
7. Do you help buyers find homes in this area?
An agent with extensive experience in your desired neighbourhood can provide valuable insight and knowledge when looking for properties to buy.
8. Have you helped buyers and sellers in this price range?
Understanding an agent’s experience within your price range will enable you to determine better whether they’re suitable.
9. Will I be working alone or as part of a team?
Working as part of a group can offer additional resources and support; however, working independently can provide greater personal attention and independence.
10. How Does Your Commission Work?
Understanding an agent’s commission structure can provide invaluable insight into both the cost and value of services provided.
3 questions to ask after you hire an agent
Once you’ve identified an agent, there are still some key questions you should be asking. Here are a few:
Can you outline the step-by-step process for buying/selling the home?
Real estate transactions can be complex; to understand all steps from beginning to end, agents must walk their clients through every stage, from initial showings to closings. Get them to explain this journey so you know exactly what to expect when making this investment decision.
What’s the Best Way to Reach You?
Effective communication is of utmost importance. Be sure to discover which communication method (phone, text message or email) and response time each agent prefers, especially in a highly competitive market like real estate. This way, you’ll ensure you can always contact and meet them when required.
What are your best times and schedule typically during the day and week?
Ensure your agent’s schedule matches up with yours if viewing homes in the evenings or weekends is required; an agent who frequently makes himself unavailable during your free time may not be the ideal match.
Can You Provide References from Past Clients?
Speaking with previous customers can give valuable insights into an agent’s service, communication style, and overall performance – don’t be afraid to follow up with these references if necessary.
6 questions to ask once you’re working with the agent
What is comparative market analysis (CMA)?
CMA provides an in-depth analysis of recent, comparable property sales in your area to help you determine an acceptable price for the property you are interested in buying. Having a conversation with your agent before submitting your plan can ensure you make an informed decision.
2. Are there any red flags in this house, and what worries you about them?
Mays, an experienced agent can spot potential problems you might miss when inspecting the home yourself; Ask them any questions they have that will help you make informed decisions.
3. Will the offer guarantee the sale of this house/my house?
In a competitive market, your agent may advise on pricing to make your bid stand out, or salespeople may recommend attractive price lists that attract serious buyers
4. What things should I expect or communicate?
Concessionary items such as maintenance costs or home warranty can be negotiated based on market conditions. Your agent can advise on reasonable concessions.
5. What if my monitor detects something?
If issues arise during the home inspection, your agent can help renegotiate terms or negotiate further steps – for example, applying for repairs or funding.
6. What happens if the house is worth less than the price I am offering?
Your agent can advise you on the best course of action, such as renegotiating or closing the contract.
