Buying a home will be one of your most significant investments. You probably already have some ideas of what you are looking for and your price range. You have done some research and are ready to get down to business.
The only thing left for you is hiring a real estate agent. It doesn’t take long to find out there are many agents anxious for your business. Your job is to have the best real estate interview questions ready to make sure you make the right choice.
Not all real estate agents have the same methods, training, or initiative. Before getting too far into the process, here are five questions to ask your realtor.
1. How Quick is Your Response Time?
Communication is key. Timing is crucial. You need to make sure your real estate agent is committed to a quick response time. You are not their only client, and they won’t be able to respond immediately every time, but you should feel comfortable with their interest level in providing excellent service.
You should talk early about your preferred method of communication. If you are a texter, make sure that works for them. Many items can be handled through text and can save time on both sides. However, it is frustrating to sit and watch your phone waiting for an answer.
Maybe you prefer to talk on the phone. Make sure your agent understands this and doesn’t bombard you with texts. There should also be an expectation if you call and leave a message, that they will return your call in a reasonable amount of time.
2. Is This Your Full-Time Job?
Not every real estate agent does this as a full-time job. For some, it is a second job, and for others, it is merely something they do part-time when it fits in their schedule.
This does not make them a bad real estate agent by any means. The problem comes with availability. If you are buying into a hot market and there is a new listing, you want to know that your agent will be available to jump right on it.
Many deals are made early in the process, and your real estate agent must be on top of everything going on in the market.
You should also ask how long they have been in real estate. This is a trickier question with answers that can go either way. A seasoned agent, while knowledgeable, may not be as aggressive as someone just starting.
While you do want assurances they are comfortable with the process, you may have to go with your gut and pick the one you believe understands your needs the best.
Along with this topic comes the question of their fee. This is typically always negotiable and should be discussed upfront.
3. Do You Handle the Work Yourself?
Once you have gone through the interview process and chosen the agent you feel the most comfortable with, the last thing you want to do is find yourself dealing with associates and assistants.
Find out early how hands-on your agent will be. Can you depend on them to personally answer your questions and deal with any issues that arise? You do not want to have to explain problems and answer questions repeatedly with someone different all the time.
This is also a good time to ask about their strategy for your home buying venture. Ask how many homes they think you may need to see before deciding and also get a feel for how they deal with multiple offers.
Once you pick your agent, make sure they will be the one with you through the entire process until closing.
Have you always dreamed of living in the sand? Here is where to start!
4. What is the Hottest Market?
Even though you may already have an idea where you want to buy, it is always a good idea to ask your agent about the hottest market.
They should be in the know of current trends and high growth areas. It is wise to be flexible in your decision and listen to the advice of someone who spends their days researching the best spots to get into and those that might be fading.
Another important aspect here is always to think resale. Does your agent feel like this area will trend up and improve your chances of a quick turn around when you go to sell?
For trendy beach living, check out information on buying a home in Manhattan Beach.
5. Do You Have Established Contacts?
There is a tremendous amount of work that goes into buying a home. Much of it is handled by someone other than your agent. If you have to go and find all of these additional resources yourself, it will add to your stress and burden.
Find out from your agent if they already have a good working relationship with others in the process. Do they have an inspector they use consistently? Do they have mortgage lenders that they can recommend?
Don’t Forget These Questions to Ask Your Realtor
The relationship you form with a real estate agent can determine the ease and success of the entire transaction. Knowing the right things to ask, and the information needed is a significant first step to making the right choice for you.
There are other questions you can ask regarding their overall sales or request references, but the bottom line is how you feel about them and how well you believe they understand your needs.
Questions to ask your realtor should be more about how they can help you make the best decision for you and your family.
The purchase of your dream home should be flawless and exciting. The right real estate agent can make that happen for you.
For information on how we can help, reach out.