What Should I Ask When Hiring a Real Estate Agent?

house with keys pic

  • Are you a “full-time” real estate agent?  An active agent is more likely to be up-to-date on the market and the law.
  • How many homes have you sold in the neighborhood’s I am interested in?  An agent who knows the local market will also know of recent deals in the neighborhoods.
  • What is your fee?  The seller pays the buyer’s agent using the money you pay for the house, usually 3% of the sales price.  Some agents will refund part of this fee.
  • Do you represent buyers and sellers on the same property?  No agent can fairly represent both parties.  It is best to have the agent on your side only.
  • When am I committed to working with you?  Many consumers begin touring properties with an agent and don’t realize this can obligate them to that agent even without a contract.
  • Do you have a “team” or will I be working solely with you?  Some agents are supported by a team or an assistant.  But the agent you hire should do most of the work for you.
  • How many foreclosures or short-sale transactions have you handled?  The paperwork for distressed properties is complicated and you liability is greater, so an experienced agent is best.

Randy LeJeune

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