Helpful Tips to Selecting a Real Estate Agent
Buying or selling a home is typically one of the largest financial transactions you will experience. Even though buying or selling your home can be an emotional experience, you need to also remember that it is a business transaction that should be handled by a professional real estate agent. This is one reason to take special care when hiring a real estate agent to assist you. Look for an agent who is experienced with your type of transaction. Some agents are more qualified to assist buyers, while others are better at marketing property. Agents usually specialize; dealing primarily in residential, farm and ranch, land, commercial or another type of real estate market. Make sure you find an agent that specializes in the area you need.
- Locate potential agents by asking for referrals from those who have recently used an agent and were satisfied. Ask for a list of possible agents from the local Realtor Association, and check out agent websites. Ask others involved in the real estate industry for referrals, such as mortgage bankers and title officers.
- Interview the potential real estate agents, asking questions about their experience, qualifications, recent work history, compensation and services. Look for an agent who has the experience to handle your transaction, and one whom you feel comfortable working with. Listen to your instincts.
- When you decide to hire an agent to list your property, read the listing agreement carefully. This agreement, prepared by the agent, typically includes the compensation you will pay when the property sells and the length of time the agreement will be valid.
- The old adage of “you get what you pay for” holds true with real estate agents. Be wary of discount agents or agents that “promise” to sell your house over market value. The market decides what is a fair compensation. Make sure you have a clear understanding with the agent on compensation and what services are included in the agreement. Ask if additional marketing fees are expected. Ask how much of the compensation goes to the buyer’s agent.
- When hiring an agent to find you a property, it is in your best interest to sign a buyer broker agreement right from the get-go so that both you and your agent are on the same page about what is expected of the relationship. This guarantees to the agent that you are working solely with him. Compensation to your agent may come from the seller’s agent, or you might agree to pay a fee. Look for compensation details in the body of the agreement. It should be noted that you are under to obligation to make a purchase.
- Call Red Lion Realty Group. We have agents that will fit all of your needs.