How to Choose the Right Real Estate Agent
Buying a home is undoubtedly one of, if not the biggest purchase you will make in your lifetime, so getting the right property for the right price is absolutely essential. One of the greatest tools in any home buyer’s arsenal is a great real estate agent. Their knowledge and experience can be invaluable in making a house purchase, particularly if you are hoping to buy in an area where demand outstrips supply and competition is fierce. However, with so many real estate agents making themselves available, choosing the best one can seem like a minefield. What do you look for? How do you know if they really have your best interests in mind?
Here are our best tips to help you choose the right real estate agent.
A personal recommendation
Personal recommendations almost always trump picking a name and number from a lawn sign. Friends and family can give you the inside scoop on the knowledge, skill and experience of the real estate agent that they used, helping you to decide whether to short-list them for an interview.
Interview at least three realtors
It can be tempting to take the first personal recommendation that you get and run with it. After all, your friend or colleague wouldn’t suggest a real estate that isn’t any good, right? That may well be the case, but while knowledge and experience is vitally important, you also need to choose a real estate agent that you can get along with and feel that you can trust. After all, securing a property can take a number of months and a lot of meetings and phone calls with your real estate agent – so choosing one that has the personality to match your needs should definitely be a priority!
By interviewing several different realtors, you will be able to compare them and see which feels right to assist in your property purchase.
Ask about their experience
A good real estate agent will expect to be asked about their experience – and will be happy to talk about the homes they have helped to secure. Many experts recommend that you opt for someone with at least five years’ experience, although newer agents often have more enthusiasm and smaller client bases, meaning more attention for you and your needs.
Experienced agents often see so many properties that they are able to help their buyer understand the value in different homes, the condition of the properties that they are viewing and give a realistic idea on the potential repair costs involved. They can also guide you to a fair price if you choose to make an offer, and advise you where your budget should stop for that property.
Using a great real estate agent can help you to not only secure the property of your dreams, but also ensure that you don’t pay over the odds for it.
Look for an agent with good local knowledge
This is especially important if you are moving to a new neighborhood. While you may have done your own research, no-one really knows an area like the people who live there or the real estate agents that work there. Use your agent’s local knowledge to find out which part of the neighborhood is going to be right for your lifestyle goals and budget.
An experienced local agent will also understand how the market works in that location and can guide you as to the best strategy to get your offer secured.
Ensure they are accredited and full-time
Over recent years there has been an influx of people choosing to become real estate agents and fulfilling the role part time and in addition to their main employment. The problem with choosing a part-time real estate agent is that their commitment to you is limited to the few hours a week they have available in that capacity. This means that they may not be able to act quickly when necessary, and that they aren’t fully committed to you and your needs.
Choosing a full-time real estate agent means that you can be much more certain that they will be available when you need them, and they will have more time to concentrate on your purchase.
You should also ensure that the agent that you choose is licensed by the state and belongs to the National Association of Realtors (NAR’s), which means that they will be bound to abide by the association’s strict code of ethics.
A good real estate agent is the key to a successful property purchase. Here at Pipes Properties, we have the experience, aggressive marketing tactics and personality to help you with all of your real estate needs!