Hiring a real estate agent is one of the most important aspects of buying a home. You need the help of a professional real estate agent even when you want to sell a home. Real estate agents help in making the home buying process fast. It is important for a home buyer or seller to hire a real estate agent to get proper guidance on the home buying and selling process.
The process of hiring a real estate agent can be challenging. Finding a reliable realtor is difficult unless you know the right questions to interview them about. Here are 8 questions to ask a real estate agent before you hire them.
Interview Question to Ask a Real Estate Agent
Question One: Ask the Real Estate Agent about their Experience :
The experience of the real estate agent matters greatly when it comes to buying a home. It is important for a home buyer to know how experienced the real estate agent is before they buy the home. Generally, it is believed that a real estate agent that has over 10 or 20 years of experience is a better one. Though that cannot be a hard and fast rule. New real estate agents have more enthusiastic and often end up securing a better deal for their client. While some real estate agents that have experience of many years still don’t have a successful ratio of successful homes sold.
Question Two: How Many Successful Deals Has the Real Estate Agent Secured in Terms of Price :
This is where the negotiation skills come into play. You need to get an idea of how good the real estate agent’s negotiation skills are. It is important for a home buyer or a home seller to know how much the home is worth before they buy it. Negotiation skills are important to have when it comes to buying a home. Most home sellers price their homes too high, and if you go to buy a house without the help of a real estate agent, you might end up buying a home that is priced too high.
Question Three: Ask the Real Estate Agent about their Strategy :
Knowing about the strategy is important when it comes to buying a house. A professional real estate agent needs to have a proper plan for marketing strategy when it comes to buying and selling a home. It is important for a real estate agent to discuss what they have in mind for the marketing strategy. How would they advertise your home if you want to sell it and how will they help you find a home if you are a buyer. Ask the real estate agent specifically on how he or she would want to sell the home. Ask them if using newspaper or the mail for advertising would be a good idea or not. You might also want to ask them if they had any online marketing plans for your home.
Question 4: Ask the Real Estate Agent for References :
In order to know about your real estate agent, it is important for you to know how reliable a real estate agent is. Getting some references will help you have a clearer idea of how good the real estate agent is. Some real estate agents have a profile online and have good online ratings. Make sure you check for their reviews online before you buy or sell a property through them.
Question 5: Ask them about What Qualities Separate Them from Their Competition :
A good real estate agent should be able to answer this question easily without any hesitation. The qualities that you need to look out for are:
- Trustworthiness and Honesty
- Good communication
Question 6: Ask them to Give You the Paperwork and Documents to Review :
It is important for a potential home buyer to review any document before signing. It is also necessary to read the terms and conditions with the real estate agent before signing any document. A reliable real estate agent shouldn’t have any problem if you would want to review the documents. Most home sellers ask for listing agreements and seller disclosure agreements. As a buyer, you would want to check the Agency disclosure and purchase agreements.
One of the key factors and sometimes the tricky part of hiring a real estate agent is checking the paperwork. Finding a reliable real estate agent is really hard. It is important for a real estate agent to be transparent and honest about the paperwork. You might not want your real estate agent to disclose the property or your dealing with him or her. That is where the disclosure agreement comes in.
Question 7: Ask the Real Estate Agent about Other Professionals :
A good real estate agent should be able to help you with a list of professional mortgage brokers and other companies that give mortgages. Real estate agents usually work alongside such mortgage brokers and they have knowledge about which broker is reliable and which isn’t. Also check if the real estate agent is affiliated with any mortgage broker, this would give you an idea if they are working in collaboration with real estate companies.
Question 8: Ask the Real Estate Agent about How Much He or She Will Charge :
Before you hire a real estate agent, the important question you should ask before deciding on whether to hire on or not is the fee they will charge. When buying a home, you need to make sure you know how much it will cost. Real estate agents usually charge a commission of 2% after they secure the deal for you. While some may charge more. Before you hire a professional real estate agent, you need to make sure you know how much they will charge. Most first time home buyers skip asking the real estate agent about the price they charge as commission and end up having trouble paying the real estate agents fee.
Interviewing a real estate agent before you hire them is important, it will help you know if the real estate agent is reliable or not.