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If you plan to buy a home within a Home Owners Association , you will likely receive financial documents and disclosures outlining their terms and details. It’s easy to get overwhelmed because these documents can be hundreds of pages, so ask the agent about what to expect from the paperwork. According to the Life as a Real Estate Agent Survey conducted by Placester, nearly 49% of agents work more than 40 hours or more per week. Meanwhile, according to the same survey, only 22% work fewer than 30 hours per week. So, although more agents work full-time hours, there is still a good chunk of agents who are part-timers.
Your Realtor can use this information to help you determine whether you can negotiate if you want to put an offer on the home. This doesn't mean that a younger real estate agent won't be a skilled professional, but experienced real estate agents may have wiser insights. Homebuyers and the home sellers who need them to move the market can at least flip the calendar and hope for the best as 2023 begins. In fact, they may have good reason to do so, real estate experts say. And if they don’t have the answer, they know the experts who do.
Can you recommend any real estate attorneys, inspectors, mortgage brokers, or escrow agents?
Finding the right one is up to you, but this list of questions can help you navigate the interviewing journey to connect with a real estate agent that is the best fit. In most states, a real estate agent can also represent the buyer. However, the agent probably shouldn’t represent both buyer and seller. Negotiating is a large part of the process, and it’s best to have an agent fighting hard for your case. One of the more challenging part of buying, selling, or owning a home is knowing the professionals you can trust to call on when you need help. An experienced agent should have a strong network, so ask them about who they recommend for further assistance.
If their number is much higher, it could mean they are super busy and you might not get as much attention as with another agent. He writes articles that educate readers about every aspect of the home buying and selling process. Many buyers in competitive markets worry about being outbid on their dream home, but a top buyer’s agent knows how to make your offers stand out. A buyer’s agent who knows you’re committed to working with them has a guarantee they’ll get paid when you buy a house.
How do you come up with your listing price?
What you’ll pay and when depends on whether you’re buying or selling a home. QuestionWhy it matters How much did the home sell for compared to the original listing price? If the agent sold the house for a lot less than the original listing price (90% or less), they might not be pricing accurately. An agent who hasn't been active in your neighborhood within the last 24 months might not be familiar with local market trends. They should be able to tell you exactly how they came up with their suggested asking price, whether through a comparative market analysis or by looking at comparable sales in your area.
A chimney that has not been properly maintained can cause many costly safety issues. Ask to see any documentation of regular maintenance, and be sure to have your inspector look for signs of a chimney fire. If a fire has occurred, it could threaten the chimney's structural stability and may need to be replaced. If a REALTOR® juggles more than 10 clients, you might not find the one-on-one service you are looking for.
questions you should ask your realtor
Some real estate agents specialize in finding homes for others , and others can specialize in selling homes . It’s good to know if you find your real estate agent is a ‘selling home real estate agent,’ as they may not be the best fit when looking to purchase your first home. You want to make sure your real estate agent has experience in the neighborhood where you want to buy a house. If they don’t work in the neighborhood you’re looking in, you can ask them to refer you to a real estate agent who specializes in those areas. Many real estate agents will want to take you on as a new client, so make sure to screen them accordingly.
If you’ve ever moved into a new home only to have the water heater give out that very week, you know the importance of checking the age of appliances. You should also ask about the age of the condenser, furnace, and plumbing – and whether they’ve been regularly serviced. Insurers are all about managing risk, so they may consider a property risky if they know it has a checkered past. Unfortunately, a house’s history of insurance claims may impact the price of your home insurance or even your ability to get a policy.
Answer: Usually 620+
Even better, check out the social media that they strictly use for real estate to see how they interact with people directly online. Your real estate agent wants to make the home buying transaction as smooth as possible. If they do not provide this information upfront, be sure to ask. Their job is to help you make the best offer while protecting you against potential risks with the transaction. This is an extensive list, and not every question applies to every situation.
Let’s look at some questions to ask a Realtor® when buying your first home. As a first-time homebuyer, you probably have many questions about the homebuying process. Sure, you can answer some of your questions — like how much home you can afford or what PMI is — with online research.
You can start your online search for a buyer’s agent with Credible. With networks of more than 90,000 agents nationwide, Credible makes it easy to find a real estate agent in your market. A good real estate agent will "be in the know" about what is going on in the communities where they work. Before making an offer on a home, ask your realtor about the home’s sales history. If the sellers have struggled to sell the home in the past, you could maybe get it for a lower price than what they are currently asking.
All information on MillennialHomeowner.com is for informational and entertainment purposes only. We are not financial advisors, bankers, money managers, or anything else of that sort. This is a hugely important question to ask when buying a house.
It could also mean that they have another client with the same requirements as you, potentially competing on the same properties as you. Bankrate is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. This compensation may impact how, where and in what order products appear. Bankrate.com does not include all companies or all available products. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens.
To make sure that your agent is the real deal, you can do a license holder search through the Texas Real Estate Commission . You can search for an agent by name or license number, license type, license status, city, county, zip code, and email. Through your search, you can better find a reliable agent who upholds TREC’s code of conduct.
An experienced agent will know that different houses may require different strategies during the selling process. They should have these strategies ready to implement, so ask them for plenty of details. For example, you can ask about the photographer they work with to get the best photos of your home for the listing and if and when they post on social media about the listing.
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