Whenever you buy or sell real estate, you may be like the 4% of people out there, in thinking that you don’t need a real estate agent. A small percentage of people who buy or sell homes generally think that a real estate agent is a waste of money. Those who choose to buy a new home, think that real estate agents only add to the cost of purchasing the home.
What this small percentage of people may not be aware of is the fact that real estate agents are normally paid by the seller, not by the buyer. As a buyer, you’ll get to work with a professional real estate agent without really having to pay for it yourself. The policies can vary greatly from state to state and company to company, which is why you should always check any paperwork or contracts that are provided to you to make sure this is the case. When you are interviewing agents, make certain to ask about any type of fees as well.
A lot of real estate agents out there may work with both buyers and sellers. Florida is a state where all agents are transaction brokers unless they have transitioned in writing to single agency. If you are buying a home, make sure that the agent you choose has prior experience working with buyers and transactions that involve alternative financing options. This way, you can count on your agent to be there when you need him the most – especially if you don’t have perfect credit and a significant down payment.
If you are interviewing a real estate agent and he or she isn’t familiar with down payment assistance programs, you should keep interviewing. Agents who aren’t familiar with these types of programs generally aren’t on the level, or they may lack the experience necessary to help you purchase the home of your dreams.
You can also make a list of real estate agents that you can interview based on referrals from friends, lenders, and even family. Lender referrals are normally a great choice as most lenders have worked with their recommendations in the past and are already familiar with each other. Choosing a lenders referral can also prevent you from encountering any obstacles or surprises.
If it’s time to sell your house.
When you interview a real estate agent, make sure that you have the agent explain his fees. This way, you’ll know exactly how much he will be getting from the sale. You should also find out how much experience he has in the field and how long he has worked with real estate. You may also want to ask about his marketing plan and how he’ll communicate with you on the progress of finding a buyer for the property.
Finding a real estate agent is an easy task – providing you know what to look for. If you take things one step at a time and carefully make a decision, chances are that you’ll end up with an agent who has the experience you want. You should always be careful when you choose, and never rush the process. Real estate agents are easy to find, although finding one who fits your needs and has your budget in mind is a little tougher to find. When you make that final decision, you should always choose an agent who has your best interest in mind – and isn’t just after the money.