5 QUESTIONS TO ASK YOUR REAL ESTATE AGENT WHEN BUYING A HOUSE

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HOW LONG HAVE YOU BEEN IN THE BUSINESS ?

There’s no right answer here, but there is a wrong answer, you would probably not want to hire an agent that has only been on the business for 1year or less. Having to hire an agent that has a 10year’s experience is great but all that is not necessary. You just want to make sure your agent is capable of helping you purchase a property and has some experience, 20year track record isn’t necessary, am sure you definitely don’t want to be your agent’s first transaction, you can’t teach experience so first and foremost make sure your agent has been around the block a couple of times.

WHY DID YOU GET INTO REAL ESTATE ?

You’re going to be spending a lot of time with your agent, you want to understand how and why they work the way they do. This question will uncover your realtor’s motivation to get up everyday and serve you as their client, But get to know your agent, how they operate, because most realtor-client relationships break down over lack of communication/miscommunication over negotiations , so if you can understand where your agent is coming from, that will help you alot.

HOW MANY CLIENT’S ARE YOU WORKING WITH ?

You want to make sure your agent has enough time to dedicate to you and your search, but at the same time , you don’t want to be your agent’s only client…Why not ? What happens when the deal goes sideways and you’re thinking about backing out ? That agent needs to save the deal so they could put food on their table because that is the only hope for a commission that month, And then what happens if your agent says he/she has 50 other client’s. Is that a bad thing ? Well it probably means that your agent is very successful and has efficient systems and processes in place to get things done. When it comes to rendering service, you’ll rather your agent has a few too many client’s , rather than too few client’s or being the only one.

WILL I BE WORKING WITH YOU OR YOUR TEAM ?

The team model is becoming more popular, you should be sure what type of relationship you’re signing up for ,working with the team model is actually cool, the way it usually works is that there will be a showing agent, there will also be an administrator and there will be the main buyer’s agent that does all the negotiating.

WHAT AREA DO YOU PRIMARILY DO BUSINESS IN ?

One thing you must put in mind as a buyer/client is that all of these questions should be asked at your initial buyer consultation in person face-to-face meeting. While this question is primarily to confirm that your agent knows the areas you’re looking in, it’s also for the agent to confirm they want to spend time/comfortable in those areas you want to buy the properties, you don’t need your agent to know every block of the areas you’re searching , as a real estate agent, you should know every block in the area is a myth and a whole nother story.

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