1. Most good real estate agents are out in their working environment, not in their offices.
2. Make sure the real estate agent has closed many properties and has worked for several years. The average real estate agent closes only 2 or 3 houses a year. Obviously, the more closings, the more experience.
3. It might surprise you, but one of the places to meet an agent is at open houses. Don’t worry that you may not be interested in that particular property, but you may have found a good real estate agent.
4. Make sure your agent is online as over 85% of all buyers initially see their homes on the internet.
5. Another good method is to contact the agent with whom a friend or relative worked. If this agent produced positive results for a friend, there’s a good chance they will do the same for you.
6. Interviewing several agents is a good idea. Whether you are looking for a buyer agent or seller agent. Be on the look out that they are not selling you a dream partnership… you want to hire a real estate agent that is realistic.
7. If you look for signs, you can tell that the agent is busy. A hard-working agent is very good. On the other hand, if they are too busy, that isn’t good either.
8. It is important that your agent is knowledgeable. Ask questions about things you have learned through your new-found interest in real estate. If they don’t know more than you, then maybe it’s time to find someone else.
9. An excellent agent is the most important to you when buying a home for the first time. They should have experience and should be able to guide you through the complexities of the process including lender info that you will have to provide. In 2013, the loan process has become much more demanding and complex.
10. See how the agent’s MLS (multi listing service ) listings come up in searches. When listing in today’s market, all listings should have professional photos – this is the first sign of a professional real estate agent who understands today’s market.
11. How respected is the brokerage/agent. You want an agent that will network and work cooperatively with other agents.
12. Check the references that an agent should be able to provide for you. Ask the other real estate agents you interview if they know the other agent and if they respect them as a real estate agent. They will usually give you an honest answer. It often pays to ask questions because it could save you a lot of grief in the long run.
13. It’s okay to ask an agent where they live. An agent that lives and works locally will have their finger on the pulse of the market and be able to accurately answer important questions about the community.
14. Ask “Can you recommend service providers who can assist me in obtaining a mortgage, making repairs on my home, and other things I need done.
15. It is reasonable to ask how long the real estate agent has been working full time. It is not that newer agents aren’t capable, it is just a factor in making an informed decision. Many “experienced” agents are not always necessarily the best choice either. Especially if they haven’t kept up with technology.
16. Ask the agent if the real estate agent is a full time agent. Is this their only job? A full time agent is best so that they can be totally focused on you.
17. Ask who the agent is working for in the transaction, the buyer or the seller (a real estate agent selling a house almost always works for the seller and tend to spin things a sellers way).
18. Ask reasonable questions such as ”In what way and how frequently will you keep me informed about the progress of my transaction? What media will you use?
19. More Things To Consider To Find A Good Real Estate Agent:
- You should expect a call back within a reasonable amount of time depending upon the situation. Quite often agents are out showing a property to someone else and a good agent will call you back as soon as they can, especially if it isn’t too late in the day.
- Don’t call your real estate agent after hours, say past 6 pm or so is reasonable. They have a life too.
- This is probably your most important transaction of your life. A seasoned real estate agent does this everyday and understands the many problems that come up during the process. It is a good thing to keep the big picture in mind.
- A good rule to go by is to try and not become overly emotionally involved in the purchase/sale of the property.
20. See a few properties in the same neighborhood on open house day, so you have an idea about the house prices in your interested neighborhood. That way you are not completely blind sided when you go to an agent.
For Home Financing information, I can be contacted at:
DEPENDABLE MORTGAGE CO.
Rhonda Sherman, Owner
License # 100008357 NMLS # 381084
145 Grand Avenue, Suite B
Grand Junction, CO. 81501
Office: (970) 257-1502 Cell: (970) 250-8613
Website: Dependable Mortgage Co.
Regulated by the Division of Real Estate
An Equal Housing Lender