Real Estate Buying - Finding the Right Agent
Whenever you buy or sell real estate, you may be like millions of other people out there,
in thinking that you don’t need a real estate agent. Most 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 most people aren’t 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 ensure 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, although most
specialize in working with either the buyer or the seller. If you are buying a home, make
sure that the agent you choose has prior experience of working with buyers and transactions
that involve no money down. This way, you can count on your agent to be there when you need
him the most - especially if you don’t have a down payment.
If you are interviewing a real estate agent and he or she isn’t familiar with down payment
assistance programs, you shouldn’t hire their services. 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 both are already familiar with each other.
Choosing a lenders referral can also prevent you from encountering any obstacles or surprises.
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 purchase. You should also
find out how much experience he has in the field, and how long he has been working with real estate.
You can also ask about sample contracts as well. If you are buying a home, you should make sure
that the agent works with buyers. If you happen to be selling your home, then you’ll want to make
sure that the agent works with sellers. Agents that are dedicated to one or the other are the best
to choose, as they will have more experience than agents who work with both buyers and sellers.
Find 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 locate. 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.