Homebuying isn’t exactly a simple process. The first time around especially, homebuying can create such a long list of questions that a real estate agent is absolutely vital in closing the sale.
In fact, 88% of buyers purchase their homes through a real estate agent or broker. When considering all the benefits real estate agents can offer, this high rate of use makes sense.
But not every real estate agent will be able to make the home buying process as seamless as possible. Here, we explore the important factors you should consider when choosing the right real estate agent.
1. Look for an agent with experience.
Make sure the real estate agent you choose comes with lots of verifiable experience. Doing this can be as simple as looking up the real estate agent on social media and review sites where the credentials of an agent are listed.
Check to see if your target real estate agent actually has a license and explore their ratings. Your next step is to reach out to agents you are interested in to find out if they are the best fit for your personality and property goals.
2. Check client referrals.
With so many real estate agents out there with their online portfolios looking fantastic, sometimes narrowing down the search can be a difficulty in its own right. Even checking out client reviews can make it hard to know which agent is the best fit for you.
In this case, it can be a wise decision to reach out to friends, family, and even members of the community where you plan to move in order to hear their perspective on great agents. Those in the area who have purchased the kind of home you’re after can give you a better idea of who knows their stuff and who doesn’t.
3. Ensure they understand risk management.
As we’ve mentioned, homebuying is a complicated process. Real estate agents are there to reduce the risk by bringing their knowledge and expertise to the table. They can help you know what to look for and, more importantly, what to avoid.
Make sure your real estate agent has your best interests at heart through market analysis and evaluation. Real-time data is a tool of every astute realtor. It can be used to show market trends and keep you from buying a property that might only drop in value in the near future. The right agent will make use of this data from the start of your real estate journey together.
4. Align your budget with commission fees.
Most real estate agent commissions are in the ballpark of 5%-6% of a home’s sale price. This is a fee included in your final costs. Many buyers don’t understand that the commission is worked into closing costs, stacked upon the other fees you’ll need to pay. To get the most out of these costs, prepare your budget from the beginning to accommodate your ideal agent.
By aligning your budget with commission fees, you won’t be surprised by your final costs. Preparing for this expense also will help you value your agent more carefully, leading to a better choice of realtor.
5. Make sure your agent gets you.
Your relationship with your real estate agent is dependent upon mutual understanding and working towards mutually aligned goals. If yours just don’t line up with the properties that your agent is trying to push, maybe it’s time to look around for more options.
Maintain clear, precise communication, complete with examples. Your agent should be working to find you as close to what you want as possible without attempting to supersede your desires with their own. Make sure your agent gets you to make the most of your work together.
Bottom Line
Real estate agents undeniably add value to the homebuying process. By being there to answer questions, solve problems, and take care of business, these professionals make homebuying simple.
However, some agents will serve you better than others. Explore these considerations to help you choose the right real estate agent for your home purchasing goals.
For more information on real estate investment and property management, contact 208.properties or find us on social media.