Home Buying: The Professionals

With the technology available this day and age, it is extremely easy for home buyers to look up properties via the internet – causing some consumers out there to question the value of real estate agent. Here are seven reasons why hiring an agent can increase your chances of successfully purchasing a home:

  1. They are market specialists
  2. They are neighborhood experts
  3. They have more information about homes than you do
  4. They can save you time
  5. They can work with you the way you want to work
  6. They share your risk
  7. They now how to close a deal

Some agents out there also specialize as “Buyer Agents”. They are experts in the home purchasing field, they cam:

  • Evaluate the specific needs and wants of the buyer and locate properties that fit those specifications
  • Assist buyers in determining the amount that they can afford and show them properties in that price range and locale
  • Assist in viewing properties and accompany the buyer on showings, or they can preview properties on behalf of the buyer to ensure that the identified specifications are met
  • Research the selected properties to identify any problems or issues to help the buyer make an informed decision prior to making an offer to purchase the property
  • Advise the buyer on structuring an appropriate offer to purchase the selected property
  • Present the offer to the seller’s agent and the seller on the buyer’s behalf
  • Negotiate on behalf of the buyer to help obtain the identified property, keeping the buyer’s best interest in mind
  • Assist in securing appropriate financing for the selected property
  • Most important, fully represent the buyer throughout the real estate transaction

Regardless, it is important that, as a buyer, you get the service and support you need. When it comes time to find an agent to work for you be sure to interview three different agents, and while interviewing look for professionalism. Further, evaluate their answers according to your needs. The agent should be knowledgeable, a good educator, capable, a good communicator,  and experienced. From there, you should be able to select the best candidate. Here are some questions that you can ask when interviewing:

  1. How long have you been in residential real estate?
  2. What designations do you hold?
  3. How many homes did you and your company sell last year?
  4. How close to the initial asking prices of the homes you sold were the final sales prices?
  5. Will you represent me exclusively, or will you represent both the buyer and the seller in the transaction?
  6. Can you recommend service providers who can assist me in obtaining a mortgage, making repairs on my home, and other things I need done?
  7. What type of support and supervision does your brokerage office provide to you?
  8. What’s your business philosophy?
  9. How will you keep me informed about the progress of my transaction? How frequently? Using what media?