Whether you’re buying your first or forever home, having the right real estate agent makes all the difference. The last thing you want is for your realtor to drop the ball and leave you without your dream home.
Everyone seems to know at least one real estate agent these days. Yet not all of these folks have the same level of experience or professionalism. That’s why we suggest doing your homework when it comes to choosing a real estate agent.
Here are some tips to consider as you make your decision.
What does a real estate agent do for a buyer?
A typical buyer’s agent has a number of responsibilities. First and foremost, this person serves as an advocate during the entire home buying process. So if you have questions at any time, your agent should be there to answer them.
Successful realtors take the time to understand their clients’ needs and wants. Buyers who are looking to start a family, for example, expect their agent to only browse homes in safe neighborhoods. Older buyers, on the other hand, may prefer a smaller house without stairs or other potential safety hazards.
What happens when you’re ready to put in an offer? Well, it’s up to your agent to handle all negotiations and request additional inspections/repairs. Lastly, a dependable realtor will be with you at closing to ensure your interests are protected.
What to watch out for
The unfortunate reality is that you can’t rely on just any realtor to help you achieve your homeownership goals. Here are the most common signs of a bad real estate agent, as referenced from Medium.
Fails to communicate regularly
An agent doesn’t do much good if they’re unresponsive. While they might be dealing with multiple clients at once, they should still provide frequent updates. You deserve a real estate agent who treats you as though you’re their only client — period.
Uses pressure tactics
Some agents try intimidating their clients into buying a house. These realtors will say things like “Prices will keep going up” or “You need to decide now.” There’s also the one who has no problem lying about multiple offers in order to drive the price up.
Has little knowledge of the area
Do you really want to work with a real estate agent who just moved to the area? Probably not. The safer bet is to turn to someone who knows the ins and outs of your desired city.
How to find a real estate agent
Think back to the last time you hired a contractor. Chances are you got referrals from people you trust, did some research of your own, and went with who you thought would do the best job.
It’s a similar process in terms of finding a real estate agent. Spend some time asking friends and family members if they would recommend their realtor. You can even attend open houses as a way to meet agents in person.
What you shouldn’t do is go with the first realtor you contact. Once you have a decent list of agents, narrow it down to three candidates at most. These will ultimately be the folks you interview.
How to interview a realtor
You have a million things on your plate at the moment. That said, the only way you’re going to find the right agent is by having an initial conversation with them. This can be done face-to-face or over the phone.
Here are the questions to ask your finalists.
- How much experience do you have? – Very few real estate agents spend an entire career in the industry. So if you talk to one with only a year or two of experience, don’t freak out. Top-notch realtors learn quickly and go above and beyond for clients right from the start.
- How often will we communicate? – As we mentioned above, communication is paramount for an agent. They should be accessible throughout the day, regardless of your comfort level with real estate transactions. You’re sure to run into issues if you can’t get a hold of your realtor for whatever reason.
- What sets you apart? – The responses to this question may be the determining factor in who you choose. Perhaps a certain candidate has lived in your target area their whole life. Alternatively, they might have quite a reputation among first-time home buyers.
Call American Home Agents
We love nothing more than helping our clients achieve their homeownership goals! See for yourself what makes American Home Agents the premier real estate agency in Denver.
Call us at (303) 695-5900.