Whether you’re a buyer or a seller, finding the appropriate real estate agent is crucial. If you know what kind of questions to ask, you can find out if a person is a good fit for you.
Here are some pointers to keep in mind while you look for the right real estate agent for you.
What Exactly is the Duty of a Real Estate Agent?
You, as a potential homebuyer, might assume it’s easy to search for properties online. However, a skilled real estate agent can manage the search by keeping track of new listings, setting up viewings, and liaising with the agent representing the seller.
Furthermore, real estate agents have access to a wider variety of property listings than the general public. A real estate agent is useful for negotiating the purchase contract, which has a significant impact on the total interest paid on a mortgage loan.
In a competitive real estate market, a homeowner can consider selling their house without the help of a real estate agent. However, there are still many time-consuming tasks and expenses associated with selling a home that is routinely handled by a professional real estate agent.
A qualified seller’s agent will know how to best advertise and present the home to potential buyers, as well as whether or not certain repairs are essential. It’s also worth noting that sellers typically foot the bill for the buyer’s agent, so even if you opt-out of having your own representation, you’ll still end up forking out some commission.
Finding the Best Property Broker or Agent
Having compiled a list of potential agents, you will need to evaluate them based on a set of criteria. Read on for some important questions to ask before signing on with a real estate agent.
Here you can check out the best real estate agents Fort Myers.
1. Experience of the Agent
NAR claims that its members have an average of eight years of expertise in the industry. However, certain real estate agents will likely have more expertise than others, particularly if you have specific needs, such as helping first-time buyers or closing deals on condos or co-ops.
The National Association of Realtors (NAR) is the only organization that offers comprehensive real estate education, with courses leading to credentials like Accredited Buyer’s Representative (ABR) and Seller’s Representative Specialist (SRS) (SRS).
Here you can check out the difference between a real estate agent and a realtor.
These show that the agent has invested in themselves by furthering their knowledge. It may be beneficial for seniors to hire a Seniors Real Estate Specialist when they are in the market to sell or purchase a home (SRES).
3. Knowledge of Local Areas
A local real estate agent will be able to advise you on a fair asking price depending on market conditions, such as whether or not prices in the region have been trending upwards or downwards in recent months. You can tell them what you’re looking for in a community, and they’ll be able to narrow down the options depending on your needs.
4. Technical and Marketing Skill
Since the majority of homebuyers do their search online, a listing agent’s ability to make a good first impression on prospective buyers is crucial. Listings are uploaded on various websites, including the brokerage’s own as well as consumer-focused sites like Zillow and Redfin, so it’s important that the photographs, videos, and descriptive writing stand out.
You need a buyer’s agent who is just as fast, if not faster, than you at finding freshly listed homes, and who also has the tools to find homes for sale that aren’t advertised in the typical ways.
5. Easily Accessible
If you’re looking for a home quickly, it’s best to work with an agent that works full time and isn’t swamped with other commitments so that you can reach out to them whenever you want.
Find out if the agents you’re interviewing are willing to put in the time and effort necessary to meet your demands, such as getting your home staged and ready to show on your schedule or making multiple weekly house calls.
6. Personal Attention
The choice between working with a single agent and working with a team of agents (two or more) is yours to choose. In an ideal agency, everyone works together to ensure that you can always reach someone for assistance.
However, some people prefer to work with a single agent so that they may get to know someone consistently throughout the process and develop trust in that relationship.
7. Contracts and Commitments
You’ll sign a listing agreement with your chosen listing agent, usually for a period of two to six months. Commission rates range from 5% to 6% of the purchase price, with the buyer’s agent receiving approximately 2% of the total. The commission that listing agents receive is sometimes open to discussion.