Important Questions To Ask When You Hire A Real Estate Agent

Posted on: 29 March 2016

When you're looking to buy a home, it's beneficial to hire a real estate agent who can assist you in the search. Whether you're a first-time home buyer or have been through the process several times, having an industry expert be on the lookout for properties that suit your search criteria can help you save time, especially if you have a busy lifestyle. It's always a good idea to seek recommendations about agents from friends who have recently bought homes -- but, at the end of the day, you have to feel confident with the real estate agent you hire. Here are four questions to ask to help you build this confidence.

What's Your Average Purchase Price Versus Listing Price?

At the end of the day, you want an agent who will save you money -- and this means that he or she might be adept at negotiating. Asking for some statistics is valuable -- any agent should be able to give you his or her average purchase price on homes compared to the listing price. The lower this number is, the better. The agent shouldn't hesitate to provide you with examples of recent transactions, too, in order to boost your confidence.

Do You Have Connections To Other Professionals I'll Need?

It's ideal if the real estate agent you choose has a network of related professionals with whom he or she works. For example, instead of you having to search for a reputable home inspector, the agent should be able to provide one. Likewise, the agent should also have a mortgage specialist and a real estate lawyer who can help you when the time is right.

Is Real Estate A Full-Time Career For You?

Don't feel that you're being nosy by asking if the real estate agent has other business pursuits. While a part-time agent can certainly be worthwhile to hire, he or she might occasionally be difficult to reach. For example, in a rural community, an agent might also work as a farmer. If the thought of being unable to reach your agent quickly makes you feel anxious, you might prefer a full-time agent.

Do You Focus On A Particular Type Of Real Estate?

If you have a specific type of property you're looking for, it's beneficial to hire an agent who specializes in this area. For example, some agents deal with buying lots that haven't yet been developed, while others focus on condo-style living. Picking an agent with experience in your desired area of real estate can help you get the results that you want.