5 Questions You Should Ask When Hiring a Real Estate Buyer’s Agent
Purchasing a home is likely one of the largest and most significant purchases you will make in your lifetime, so finding the right real estate agent is essential. Not only will they help walk you through the entire home-buying process from start to finish, but they will also advocate for you when it comes to negotiating and finding the perfect home. When it comes to hiring a real estate agent, taking the time to interview a few is key to finding the right one for you.
We’ve put together a list of 5 questions that you can ask when hiring a real estate agent to help you get started in your interviewing process.
Hiring a Real Estate Agent: How Long Have You Been In Real Estate?
A real estate agent that has been in the business for a long period of time will likely have more experience than a newer agent and will be able to better anticipate any problems that may arise during the home-buying process. This isn’t to say that you can’t work with a less-experienced agent, but getting a feel for how long an agent has been working in the real estate industry is a great way to start your interview. Another benefit of working with an experienced agent is that they likely have established solid relationships with other real estate services professionals, such as home inspectors, and will be able to refer you to them if needed.
What Is Your Area of Focus?
Another great question to ask your prospective agent is what their area of focus, or expertise, is. While some agents are looking to work for all sorts of clients, some have specialized focuses, such as first-time home buyers or those looking to downsize. These agents will likely have more experience with certain pain points you might experience during the home-buying process and will be able to inform and help you navigate any challenges or frustrations that you may feel.
Are You Familiar With My Desired Neighbourhood?
Finding a real estate agent that is knowledgeable about your desired area is also incredibly important, especially if you’re moving to a new city that you’re not familiar with. It’s a real estate agent’s job to know what is going on in their local market, so they will be able to help you either find a neighbourhood that will suit your needs, or give you as much information as they can on the neighbourhood you have in mind. Liveability factors play a huge role in day-to-day life, whether it be proximity to schools, transit, or other amenities, so finding an area that fulfills those requirements is key to finding your ideal home. Working with an agent who is familiar with your desired neighbourhood will also allow them to give you accurate information regarding home values in the area. This will help you get an idea of what other homes in the area have sold for and can help you determine whether or not you’re paying the right price for a property.
Can You Explain The Home-Buying Process?
You want to make sure that you end up working with a real estate agent who knows what they’re doing, which is why you should ask them to explain the entire home-buying process to you. Buying a home can be stressful and complicated at times, so working with an agent who understands the ins and outs of the process is key to making your buying experience as stress-free as possible. There are a lot of different rules and regulations when it comes to buying a home, so your real estate agent will be able to explain and help you understand everything that goes into the buying process.
Do You Have References or Reviews?
One of the most common ways that people find real estate agents is through referrals from friends and family, so you likely already have one review to rely on, but it’s always a good idea to seek out more when possible. Reviews from past clients are a great way to gauge whether or not an agent is going to be the right fit for you, so don’t be afraid to ask for more references if needed. Most agents will have reviews displayed on their website or in a Google Business profile, which makes them easy to find.
Regardless of whether or not you’re buying your first home or your fifth home, taking the time to find the right agent is essential to making sure the entire home-buying process goes smoothly and is as stress-free as possible.