If you read our blog regularly you know that I am always saying hire the right Realtor and interview several before deciding. A good Realtor and Mortgage Lender can make a REAL difference in your real estate experience. Here is a list of questions to help guide your selection process.
You should interview at least three agents before hiring and signing a buyer representation or listing contract. You can find agents through online research or ask for referrals from your friends and family.
When interviewing agents make sure to listen carefully and ask questions if you don’t understand the lingo
1. Are you a full-time agent?
A part-time agent puts you at a disadvantage in terms of your ability to compete with other buyers and sellers. It limits speed of action and knowledge of changing conditions.
2. How many purchase and sale transactions have you completed?
A minimum level of expertise is generally acquired after closing about 20-30 transactions of various types.
3. Are you a Listing Agent or a Buyers Agent or both?
Some real estate agents specialize with either Buyers or Sellers. These agents likely have expertise in their area that real estate agents represent Buyers and Sellers may not.
4. If you are looking to sell your house?
Ask what Marketing strategies the real estate agent would use to sell your home. Also ask if they have any PAID online ad packages so you know your home is getting the most exposure as possible.
5. Describe your negotiation strategies and describe how they might change based on circumstance.
Good agents will adjust their strategies based on the personality types involved in the transaction and the supply and demand of a property.