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Articles - Real Estate

Real Esate Agent

Buying a new home is one of the most important decisions you'll ever make.  So why should you leave it to chance?  When you fail to pick the right real estate salesperson, you're doing just that.  The real estate agent you choose can make all the difference in determining where you live for many, many years, or possibly the rest of your life.  Let's look at some useful ways to ensure you'll find the right person for the job.

Research on Your Own

Before selecting a real estate agent, it's wise to do your own research about the real estate market.  You should know what you're looking for, how much you can spend, and where you wish to live.  Use the Web to gather information or attend a workshop for buying a home.  These resources can help you understand home pricing and how to make offers, how to choose a good neighborhood, your legal rights when purchasing a house, financing procedures, and more.  The more educated you become on your own, then the less likely you are to hire the wrong real estate salesperson.

Get Recommendations

Instead of blindly picking a real estate agent through the Yellow Pages or an online directory, ask friends or relatives about agents they have used in the past.  Find out what their experiences were and whether or not they still feel it was the right choice.  You can ask relatives, co-workers, neighbors or anyone you trust for recommendations.

Don't Feel Obligated

Speaking with a real estate agent does not obligate you to buy a home through them.  In fact, you should interview with several agents before selecting one.  Find a salesperson you feel comfortable with and that you feel is knowledgeable, but not pushy.  The agent should be truly concerned with your needs and desires.  Notice if the agent asks lots of questions to get to know you and your home needs.  If not, he/she is probably not interested in finding the best possible home for you.

Credentials and Licensing

Ask about the real estate agent's credentials and licensing.  Is he/she a full-time, licensed agent?  Is he/she a member of a national or local trade association in your area?  If so, this can mean added protection for you - the consumer - when making a home purchase.

Fees, Paperwork and Financing

Before settling on any one particular agent, ask about fees and contracts (if a buyer's agent), financing options through the agency if available, and current interest rates.  If you already have a mortgage broker to work with on your mortgage, let the real estate agent know this ahead of time.  Having your own source of financing along with a down payment can sometimes speed up the process of finding a home.  It lets the real estate agent know that you are serious about moving forward with your home purchase.

You should also ask questions about potential neighbourhoods and schools, statistics for crime rates and past home sales trends, and a list of recent home sales transactions from the agent if available. 

As you can see, there's more to choosing a real estate salesperson than merely calling one up.  Set aside your emotions and think about the true aspects of buying a home.  Keep your cool throughout the home buying process to avoid life-long mistakes.

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