Buying a home involves spending millions of dollars. Whether you are taking a loan or you are using your life savings, engaging a real estate agent is wise since you do not want to fall for scams where you overpay for a property or lose your whole money to fraudsters. Go on reading here to learn more tips on how to choose the right real estate agent.
Lender-Approved
If you are looking to purchase a home using a loan, ask your lender whether the organization has a preferred agent. The financial institution may refer you to an experienced real estate agent who as established a good reputation in buying and selling of property. A lender-approved agent will conduct the due diligence to ensure that you are purchasing a genuine property that is worth the money you are paying.
Seek Referrals
You can also contact your friends and relatives so that they can refer you to an excellent real estate agent. Word of mouth will connect you to a real estate agent who will provide customized services. For instance, a homeowner looking to downsize may have different requirements from a first-time homebuyer. Therefore, choosing the right agent will go a long way to accomplishing the expected goals. Read more on this page.
Do background check on potential candidates.
Scour the internet to check the listings of real estate agents in your locality. Check the testimonials and feedback of clients the agents have served previously. In many cases, competent agents may have one or two negative ratings. The bad ratings are typical since some deals may go sour because of situations out of the agent’s control. However, avoid agents with three or more disputes as the expert could be providing services below the industry standard.
Cost
Before you sign a contract with a real estate agent, agree on the primary services the agent will handle and the compensation for the services. You could decide to pay the agent on an hourly basis, or you could opt for an onetime fee plan. Setting a budget in advance will help you create a viable compensation plan. You can plan to interview at least three candidates for you to determine the professional who would suit your requirements best.
Trust your gut
Choose an agent whom you feel you feel represents your interests best. The expert should be easy to engage and seek advice from. Further, an excellent real estate agent should lay out the options you have in the plan to purchase or sell the house, but allow you to decide the option you want to follow. Click here to view more.
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