A real estate agent is an individual who is skilled in buying and selling houses and other properties that people own. These individuals know the market trends and the exact price of the place based on its location, maintenance, and other important factors.
Choosing a real estate agent can directly impact the profit you get upon selling or buying any property and that is why we think you should know what to look for in a real estate agent.
Keeping that in mind, we have prepared a list of questions that you can ask before hiring a real estate agent for buying homes in Atlantic Beach or at any other place for that matter. This will ensure you make the right choice no matter what.
Following are some of the most important questions to ask your real estate agent before hiring him or her for the job.
1. How Much Experience Do They Have?
A real estate agent who has been long in this business knows how to find the best place for you. They have many clients and contacts that help them find just what you need.
Experienced real estate agents know how to negotiate the terms for any transaction in a way that favors your interest.
2. Can They Provide References?
In order to determine whether a real estate agent is good for you or not, you must consider the references that they have. A person with strong references is more likely to handle your job better.
You can ask for the list of contacts of people that they have already worked with. Once you have the list you can contact the people and learn more about a certain real estate agent or company. This gives you all the stuff that you need to make the right choice.
3. How Lengthy is Their Contract?
The length of the contract determines how long the agent will take to find you the right place. As a rule of thumb, you should know that a contract of about 3 months is more than enough and if an agent seems to suggest a longer period, take that as a warning sign.
Make sure to read the contract carefully and note the things like agent’s complete information, commission rate, and contract duration, etc. This will save you from any surprises down the line.
4. What Does the Agent Specialize In?
You should know that when it comes to property there are various types of real estate agents. These include Seller’s agents, buyer’s agents, dual agents, brokers, and realtors, etc.
You must know what type of person you need for your job. Hiring the right kind of real estate agent can increase your chances of success by manifolds. It will give you the peace of mind that you have chosen wisely.
6. What is Their Commission Rate?
It is of absolute importance that you know what the commission rate of a certain agent is. Normally, a 5 to 6% commission rate works for most agents but this rate can increase or decrease depending upon the property size and contract duration.
7. How Many Transactions Did They Make this Year?
Make sure to ask your agent how many people did they help buy or sell property this year and if they can hook you up with the people they have worked with recently.
Any skilled real estate agent will not hesitate to share this information and if for some reason he hasn’t got much business, he will tell you exactly what these reasons are. If you feel satisfied with their answer and your gut tells you to go ahead, then by all means do it.
So, these are some of the main things to ask your real estate agent before you consider hiring him or her for the job. A seasoned agent will answer these questions without any hesitation and you will feel completely convinced by his/her claims.
So, now you know what to ask a real estate agent to make sure you make the right choice. We hope this information helps and that it has made the process of hiring a real estate agent for your property a bit easier for you.