Questions To Ask A Real Estate Agent
In the article given below we’ll be discussing an important topic that’s “Questions to ask a real estate agent” let’s examine it in detail:
Can you summarize your background, bio, and also the sort of real estate work you usually do?
This is standard interview territory, but it’s important to cover this topic. Here are things to make sure the agent touches on:
- Years of experience: Understanding the local market, negotiating, navigating the unexpected—these are all things real estate agents master by doing again and again.
- Buyer’s agent or seller’s: An agent with knowledge about each side of a real estate transaction is handy, but ensure they’re most experienced with buyers.
- Typical client: First-time buyers? Multi-millionaires? You need to ensure their typical client resembles you. Also confirm if they’re experienced with the kind of purchase you’d wish to make, like if you’re looking to shop for a foreclosure, or desire a particular kind of mortgage loan.
- Familiarity with neighborhoods: Local housing markets are notoriously varied—even from one neighborhood to the next. Usually agents have repeat business in neighborhoods they know pretty well.
What is your relationship with clients like?
You’re actually going to work closely with this person for a long period of time time. Thus you need to be to be comfortable with their working style. Following are some of the things to cover:
- Personality: find out if your agent plans to interact more casually—perhaps sending you updates at all hours and shooting the breeze once they call—or if they’re more professional and formal.
- Communications: Do they text, call, email, or all three? How quickly do they reply to messages?
- Time spent together: Will you hear from them daily? See them daily? Or weekly?
- Transparency: how much information—including their own opinion—do they typically share with clients?
- Advice: ensure your agent will assist you understand what to look for when buying a house if it’s your first time buying.
What’s your strategy as a buyer’s agent?
This is one among the most important questions to ask a real estate agent because agents have different strategies for closing deals. You need to ensure that the one you choose has an approach that fits your needs. If you prioritize getting as great a deal as possible regardless of how many offers are declined, you’ll want a tough negotiator. If you’re counting on closing on a special house you must have, you may even want an agent who likes to reach a compromise. The best traits for you’ll vary by your own preferences, as well as your market.
What’s your average list-price-to-sales-price ratio?
The answer to this particular question will require a little context. When home buying, you want a real estate agent who actually ends up with lower sale prices than list prices. That said, if you live in a hot market where everything sells over asking, you’ve got to take that trend into consideration. this is often one reason why it’s smart to interview a few agents: You can even compare their list-price-to-sales-price ratios.
Will you provide three references for me to call?
References are standard for everything from job interviews to hiring contractors for a reason: They’re really important. Sure, agents are likely to hand you the contact info of their happiest clients, but those people will actually be able to verify the answers to the questions you just asked and simply give you advice on how to best work with them.
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