Sometimes, when you are in search of a home to buy, or will decide to sell your home, the process could be easier if you hire the services of a real estate agent. This is especially true if you are a novice when it comes to dealing with real estate stuff. Agents know the selling trends in the market and the neighbourhoods like the palm of their hands. He or she can guide you through the many steps in home buying which includes recommendations on good mortgage lenders, inspectors and other services.
In some states, there are different kinds of agents with different transactions and legal responsibilities. If you are a homebuyer, you will work with a seller’s agent. A seller’s agent works for the home seller and gets his or her commission from the seller. A buyer’s agent works for a house buyer. You need to sign a contract for you to be represented by an exclusive buyer’s agent.
Here are some steps and guidelines in finding a good real estate agent:
1. You can start your search by referrals from family and friends. This is far better because your family or friends know what you need and could recommend a good agent that will help you meet those needs in purchasing a home or selling one.
2. The next step is to set up a discussion with your prospective real estate agent. You can find out the following from the agent:
A. How long has he sold houses?
B. How many years has he been in the business of real estate
C. What is his commission
D. How many houses was he able to sell the previous year
E. What are the strategies he will undertake to be able to market your house
F. Ask him to provide you names and contact numbers of families whose homes he has sold
3. It is also important to establish friendliness with your agent. Determine your comfort level with each. There should be a feeling of trust and confidence between you and the real estate agent. He or she should be a good listener on your needs and concerns.
4. An agent should be able to stand up for your interests. He or she should look past the commission he or she gets but most importantly help you in meeting your needs to establish satisfaction from both buyer and seller.
5. A good agent is the one who enjoys the sometimes hassle process of bargaining and has attended courses and seminars to sharpen his or her bargaining skills.
6. You should find an agent who can determine your motivations as a prospective buyer.
7. Last but not the least, an agent should have good people skills and refrain from putting pressures on both the seller and buyer’s side to make a deal before they are ready. He or she should be able to work well with colleagues in the business and be able to provide clients with a detailed information about how they utilize their network to market a home.
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