Most people don’t have in-depth knowledge about buying and selling properties, which is why it’s extremely common to hire a real estate agent to handle this process for you. If you try to do it all yourself, you could end up making poor financial decisions or not being able to get your dream home. Luckily, a real estate agent can take this weight off your shoulders and find the best deals for you.
What Questions You Should Ask A Real Estate Agent
To find agents with plenty of expertise, you’ll need to go through a well-respected and successful brokerage. Compass is the fourth-largest real estate brokerage in the US, with many locations across the country. Due to the pandemic and its impact on the real estate market, you may be wondering if Compass has faced issues or asking If Compass real estate in trouble? In fact, Compass is still thriving and so finding an agent through them is a fantastic idea.
But what questions should you ask a real estate agent to make sure they’re right for you? Here are six key questions for you to remember.
1) What does the buying/selling process involve?
Even though your agent will be handling most of the complicated details, it’s important that you understand the basics of buying or selling. This will help you make key decisions throughout the process. Furthermore, seeing how well an agent can explain complex processes is important for determining their communication skills – these are essential when explaining documents and negotiating prices.
2) How long have you been an agent?
You’ll definitely want a real estate agent who’s experienced and highly knowledgeable. Experience will help an agent make the best judgments, which is essential when you’re dealing with huge investments.
3) Do you specialize in buying or selling?
Real estate agents usually specialize in either buying or selling, and it’s rare that they’ll focus on both equally. Therefore, you must ask about this to determine whether they’re the right agent for you.
4) Do you know the area?
The real estate market can vary a lot between different areas. This is why you should aim to find an agent who has a lot of experience with buying or selling in your chosen neighborhood. They’ll understand more about what you can get for your money in a certain area.
5) Are my expectations realistic?
It’s vital that your agent is 100% honest with you throughout the process. This means that they should let you know if your budget won’t cover all of your requirements rather than lie to keep you as a client.
6) How does your commission work?
A lot of people find it awkward to talk about money, but you need to know what the agent’s fees are and what the commission is. The commission is typically 5-6% of the sale price, so you need to bear this in mind when going through the buying/selling real estate process.
Once you’ve asked all of these questions, you’ll be much more informed about buying or selling. You’ll also have a better idea of which agent is right for you, which will make everything more straightforward.
We hope you found this blog post 6 Questions to Ask Your Real Estate Agent useful. Be sure to check out our post How To Be Successful As A Realtor: First Year Tips for more great tips!
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