15 Concerns to Ask a Realtor
Wherever you find an agent, asking a couple of concerns up front can save you a headache later on.
Is this your full-time gig?
How many clients have you served this year?
Okay, that’s two questions. But both get to the heart of the very same problem: an active, full-time agent is most likely to be updated on the marketplace and the law.
The number of sales have you dealt with in my target areas?
You want someone who understands the regional market, with a few recent handle your target communities.
When customers are unhappy with your service, exactly what has gone wrong?
Asking why a client has been a bad fit for an agent can help you figure out if you’re a great fit.
Has a customer ever submitted a grievance versus you?
If you’re unpleasant asking, just contact your state’s licensing board.
What’s your cost?
The seller pays the purchaser’s agent making use of the money you spend for your home, generally a percentage of the list price. Considering that the commission quantity is set by the seller and can differ from home to house, you should firmly insist that your agent is upfront about his share; also some Realtors have administrative costs that come with buying a home so ask about those too!
What services do you offer beyond arrangements and escrow?
Make a list of what you’ll be paying for. Arrangements, documentation and contingencies are the minimum.
When am I committed to working with you?
Numerous customers begin visiting houses without realizing this can obligate them to deal with the agent, agreement or no contract.
The number of foreclosure or short-sale transactions have you dealt with?
Distressed properties can be lots of frustration, as the paperwork is complicated, and your liability is greater. The very best agents have experience closing deals with banks, and regular people!
Who else will be working with me?
An agent is commonly supported by a group. But the individual you employ ought to do most of the work.
Am I bound to deal with the loan provider, inspector, or other service providers you suggest?
A “yes” here is a big red flag. Good agents may have solid suggestions for lenders, inspectors, or other service providers, you should never ever feel pressured to utilize their suggestion. It’s prohibited for a representative to compel you to utilize “his” lender or other service provider.
How rapidly can you get me into a home?
Hot homes move fast. Ask how the agent manages tours on brief notice.
Do you represent purchasers and sellers on the exact same home?
When one agent represents both the purchaser and seller, this is called dual company, and it is not a good idea for purchasers. If the seller’s representative is aiming to get the most cash for his client’s house, how can he likewise be trying to get you the very best offer? Our guidance is easy: avoid dual company.
What sets you apart from other representatives?
Try to find knowledge, not simply enthusiasm. You want a representative with experience in your favorite communities, a proven track record of happy consumers, and deep knowledge of any special requirements you may have in your house search.
What if I’m unhappy with your service?
Many representatives make money when you purchase a house, offering them an incentive to seal the deal, even if you have doubts. Even if you have complaints after you buy your home, it may be far too late to do anything. Ask your agent if she’s willing to ensure your satisfaction, and exactly what recourse you’ll have for a disappointment.
Can I see testimonials of your previous offers?
Every agent has customers he served well. The best agents regularly provide exceptional service. There’s a distinction in between checking out a few carefully picked endorsements and getting the full good, bad, and unsightly on your representative. We think a good agent should have nothing to hide.
Excellent agents may have solid recommendations for loan providers, inspectors, or other service suppliers, you could never ever feel pressured to use their recommendation. If the seller’s agent is trying to get the most cash for his client’s house, how can he likewise be trying to get you the best deal? A lot of representatives get paid when you get a house, providing them a reward to close the deal, even if you have doubts. Ask your agent if she’s eager to ensure your satisfaction, and exactly what option you’ll have for a bad experience.
We believe an excellent agent should have absolutely nothing to conceal; that’s why we have our no pressure education Buyers Consultations for all buyers that are interested in learning the market, how realistic their price range and home buying needs are, as well as the best areas to find those exact things!