Questions You Need to Ask While Hiring a Real Estate Agent

Which Real Estate Agent to Hire? To Know, Begin Interviewing

To buy or sell your home, you require a lot of thought and research. A real estate agent knows it better. But who is best for you, to decide this, it is recommended you interview a few before hiring the one that works best for you. Whether you are buying or selling, the agent you choose plays a significant impact on your real estate transaction. 

How do you find the right real estate agent? It is good to start with some recommendations first. So ask your family and friends for that. They will help you narrow down the list of real estate agents available in your area. After compiling a list of top local agents, take it a step further and interview the potential choices. 

Are you wondering what to ask during the interview and what to look for in a good agent? We’ve listed must-ask questions that will help you find the real estate agent that’s right for you. Be sure to hit on these areas if you don’t want to overlook crucial issues. 

Happy interviewing!

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Without further ado, let’s dive in on the questions to ask:

What is your experience?

In real estate, experience means a lot. Though there are no guarantees in life, if you hire an experienced agent, there’s a better chance that they’ve done it all before. They’ll be more familiar with how to walk you through the buying or selling process and how to handle any problems that may crop up during the course of your transaction.

This is not to say that you shouldn’t give newer real estate agents a chance. It primarily depends on the kind of their training and whether they have access to competent mentors. 

Agents learn on the job. Ideally, you’ll want to go with someone who works in the industry consistently, rather than part-time or sporadically. 

Do You Have Experience With My Type of Work?

This is not very important if you’re buying or selling a residential property or primary residence. However, suppose you’re buying a specialty type of real estates, such as a commercial building or investment property loans. In this case, you would want an experienced hand in that arena.

Such transactions have unique procedures and concerns in which not every real estate agent is well-versed. 

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What is Your Best Plan for My Requirements?

Ask how the agent plans to search for your new home if you’re a buyer. How many houses they are going to show you before you find ‘the one’ you want. How do they handle multiple offers?

As a seller, Ask them their marketing strategy for your home. What steps will they take to ready your house for sale?

If there’s anything that might detract from your home’s potential for sale? Enquiring this will help you remedy and avert the problem. 

Do you Have References?

If the agent is very experienced, you will find tons of reviews online. Also, this cannot be a good question for a very seasoned professional. But it would be best if you ask a new agent.

Brand new agents also have references from their previous mentors/ employers. 

Ask to show them. Find out if the people are related to the agent. Feel free to call the references and clear your probable doubts.

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How Much Do You Charge?

All real estate fees are negotiable, so freely negotiate with them. Agents generally charge from 1% to 6% to represent one side of a transaction (either the seller or the buyer). Top agents charge more.

Do You Offer Any Guarantee?

Will the agent take full charge of their Service to you? Ask whether you can cancel the listing or buying agreement if you realize later that you’re unsatisfied with the arrangement? What is their policy about cancelled contracts? If anybody ever cancelled an agreement before?

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What is Your Competitive Advantage?

Many Real Estate Agents are chosen based on friendships or relatives, and that alone is not to your advantage. In many cases, it is a disadvantage if your Real Estate team doesn’t offer any competitive advantages or doesn’t know how they can provide you with one, move on. 

What If I am Not Satisfied with Your Service?

If you find it hard to work with your Real Estate Agent at any point, you should inform them. Talk to them about how you feel and see how they respond. If it isn’t something that can be fixed, let them know. You need to tell your agent if you’ve decided to go in a different direction. It would be best if you were not afraid to do this. 

Mutual respect is needed if the agent-client relationship is going to work!

The Bottom Line

Do not expect all real estate agents to welcome the opportunity to be interviewed. Especially top agents probably would not entertain this. Limit the list of your questions to the most important issues for your needs. 

Main Image Source: Pixabay

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