Whether you're buying or selling a home, finding a real estate agent you can trust is crucial. They can either make or break your home-buying or home-selling experience. So, how do you find a real estate agent who will do the job right?
Six Steps to Find the Perfect Real Estate Agent
Feel confident in selecting the best agent to help you buy or sell your home by following these steps:
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Know the basics about real estate agents: Understand what real estate agents do and the value they bring to the table, whether you're a buyer or a seller.
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Learn what to do before looking for a real estate agent: Set a housing budget, save for a down payment, and get preapproved for a mortgage.
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Determine how to find the right real estate agent: Consider factors such as experience, credentials, familiarity with the local market, track record, communication skills, and contracts.
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Know where to find real estate agents: Utilize trustworthy referral programs, research online, talk to former clients, and visit open houses.
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Interview at least three real estate agents: Ask questions about their experience, closing rate, communication style, commission fee, contract terms, and request references.
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Choose a real estate agent: Hire someone you can trust and feel comfortable working with throughout the home-buying or home-selling process.
Image: Average home sale prices
What Do Real Estate Agents Do?
Real estate agents play a vital role in helping both buyers and sellers navigate the complex real estate market. They have the inside scoop on available homes, guide buyers strategically when making offers, handle paperwork, and ensure a smooth closing process. For sellers, they help with staging, marketing, pricing, and negotiating the best deal.
Buyers' Agents vs. Sellers' Agents
When buying a home, look for an agent who listens to your needs, has access to a wide range of available homes, and excels at negotiation. For sellers, find an agent who can help set a fair price, stage your home effectively, and provide a comprehensive marketing plan.
REALTORS® vs. Real Estate Agents
Not all real estate agents are REALTORS®. REALTORS® are agents who join the National Association of REALTORS® (NAR) and undergo additional training and development. However, all real estate agents must go through a state licensing process to legally assist with buying or selling homes.
Difference Between a Real Estate Agent and a Broker
A real estate broker is a step above an agent and manages and mentors new agents. Brokers have more experience and knowledge and are responsible for ensuring their agents' success. However, many experienced agents choose not to become brokers and still provide exceptional service.
Important Steps for Buyers and Sellers
Before working with a real estate agent, buyers must set a housing budget, save for a down payment, and get preapproved for a mortgage. Sellers should assess their home equity, ensure they have sufficient funds for staging and moving, and have a clear plan for their next living arrangement.
How to Find a Great Real Estate Agent
To find a great real estate agent, consider their experience, credentials, familiarity with the local market, track record, communication skills, and cost. Avoid working with friends or family members to avoid potential conflicts of interest.
Avoiding Bad Real Estate Agents
Some signs of a bad real estate agent include inexperience, poor marketing strategies, lack of leadership, poor communication, and a focus on their commission rather than helping you. Stay vigilant and trust your instincts when evaluating agents.
Where to Find a Real Estate Agent
Use trustworthy referral programs, research online, talk to former clients, and visit open houses to find potential real estate agents to interview. By exploring various avenues, you can gather multiple options and choose the best fit for your needs.
Interviewing Real Estate Agents
Be sure to interview at least three real estate agents before making a decision. Ask questions about their experience, home closing rate, communication methods, track record, and references. Assess their expertise and chemistry with you to ensure a successful partnership.
Hire Someone You Can Trust
Finding the best real estate agent for your needs is crucial when large sums of money are involved. Connect with top-rated agents through referral programs like the Endorsed Local Providers (ELP) program, where agents are thoroughly vetted based on their track record, experience, and commitment to financial principles.
Choosing the right real estate agent can make all the difference in your home-buying or home-selling experience. Don't settle for less – find the perfect agent who will guide you every step of the way.
