Whether you’re in the market for a brand new home or you’re looking for commercial property to invest in, finding the right real estate agent is critical to your success. This individual will help perform the leg work, negotiation down the asking price, and assist you with every step along the way. Often times the difference between a successful real estate purchase and one that falls through is the quality of the agent. That is exactly why you need to know how to find the right agent when buying real estate. Here are 10 tips for choosing the right agent when doing just that.
1. Go With Who Works For You, Not Their Experience
When looking for the right agent when buying real estate, you’ll want to look over their experience. However, working a decade or two in real estate doesn’t mean they are going to be there when you need them. Real estate experience is desirable, but it isn’t everything. You want someone who is going to work with you and help you find exactly what you’re looking for.
There are new real estate agents who are hungry to help, and there are experienced agents who simply go through the motions. By selecting the agent who will work for and with you the buying process will become that much more desirable.
2. Ask For Referrals
Always ask for referrals from past clients. If they are unable to give you referrals (or refuse to do so) it usually means there’s something wrong. Only go with a real estate agent that provides you with referrals. Then contact the referrals to find out what their experience was like with the agent.
3. Do You Trust Them?
This is something you must listen to your gut on. Do you trust the real estate agent or does something feel off about them? Do they feel like they are cheating you or not telling you the truth? Does it sound like they are sweet talking you and yet overlooking important details? You have a gut feeling, and your gut feeling is usually right. So only sign an agent for buying real estate if you trust them.
4. Connect With the Agent
You need to have a connection with the agent. While this doesn’t mean you need to become friends or go out for drinks after closing a deal, you should feel comfortable whenever calling them. By connecting with the agent, they will have a better read on what you’re looking for. A real estate agent can be one of the most important professionals you work with whenever it comes to buying property.
5. Do They Give It To You Straight?
You need a real estate agent that will give it to you straight. Can you afford the property or will it be out of your budget? If they know the current owner do they know if the individual is willing to negotiate or does the agent want a higher buying price simply to push up their commission? If you feel like, they are not giving you straight answers ask around. Should you discover, you are receiving half-answers or information that doesn’t add up you need to find a different agent.
6. Go Locally
You might consider going with a real estate agent who is not from the general area. That is typically not a good idea. You want to go with someone who understands the local real estate market, what is selling and what isn’t. This will not only help open new doors to you when buying real estate, but it will help you come to a better price. Often the local real estate agent will know sellers and will be able to help you negotiate down to a better price for you.
7. The Right Realtor For The Property
If you’re on the market for commercial real estate you need to go with an agent that specializes in commercial property. If you want a new home, you need to go with someone who works well residential property. Whatever it is you’re in the market for always go with a real estate agent that works in that kind of property business.
8. Shop Around
Don’t just settle on the first real estate agent you talk to. Even if you have a good feeling about them and they seem like the perfect fit, it is always better to shop around. This way you’ll know for sure whether the agent is right for you. It’s possible you’ll come across someone who is better during the interview process.
9. Outline Expectations
Define clear expectations prior to signing anything and before bringing any real estate agent in. You need to define what you’re looking for, and they need to establish what it is they can do for you. As long as both sides know what to expect from the party the entire process will be that much easier. Plus, you won’t be wondering if the real estate agent should be doing more for you if you have these clearly defined expectations outlined.
10. Establish a Range and Stay In It
When looking at buying real estate you need to have a defined price range for what you’re interested in spending. This isn’t what you necessarily can afford but what you are able to pay (it is always a good idea to go with a property that is lower than your max budget). Once you have an established price range make sure your real estate agent stays within the budget. Looking at properties outside of the budget is a good way to increase your stress level and to strain your personal budget, should you decide to go for something out of what you can afford.
If you’re looking at buying real estate, it is critical to have the right real estate agent at your side. These individuals will help you complete all the necessary paperwork, perform the leg work, and do everything that is necessary for connecting you with the right property. By following these 10 tips for choosing the right agent when buying real estate you’ll discover the process becomes that much easier.