Your real estate agent can be the difference between a successful home buy and a bad purchase. Take a look at the characteristics of a good real estate agent and how you should vet your next partner in real estate.
Patience
Does the real estate agent immediately tell you to give up your rights to audit a home for a quicker sale? You may want to move on. The best real estate agents realize how big of a commitment a home is, and they are willing to walk you through the process at whatever pace you are comfortable with.
Localized Knowledge
There are major differences in the buying process between cities. You need a real estate agent with a knowledge of local ordinances, building and zoning laws and culture. This will save you a great deal of money, believe it or not.
Negotiation Skills
You will go through a number of negotiations with opposing parties during the course of buying or selling a house. You can take them on yourself, but they can be difficult considering that you will likely be facing a real estate agent on the other end. It is usually advisable to have a professional with similar experience on your side. Pick a real estate agent who is not afraid to fight for you at the closing table.
Connections
The best deals in any real estate market may not be public knowledge. You may not even be able to get into certain neighborhoods or business districts unless you know somebody. Your agent should be able to help you in this regard. Pick an agent who is established in your marketplace and well connected.
Other Clients’ Experiences
No real estate agent worth his or her salt will have a problem showing you testimonials and reviews of clients that they have served in the past. You may ask to speak to other clients of that real estate agent if you would like to know their experience buying or selling their home.
Sometimes the best indicator of success is the stories of other people who have been in your shoes. Also, look at the ratings, reviews and testimonials of your agent on their website or other review sites. These are great resources to learn about other clients’ experience.
Another key partner in your home buying experience is your trusted home mortgage professional. Be sure to make contact if you are ready to get pre-approved for a new home loan or find our about options to refinance your current property.
Last week’s economic reports included Labor Department readings on private and public sector jobs, the national unemployment rate. Weekly readings on mortgage rates and first-time jobless claims were also released. Monthly reporting on construction spending was delayed due to the government shutdown.
