Questions you should ask your broker / real estate agents
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- by Rebusel Duphilco Admin Admin,
- January 31, 2023
As you are buying a new home, it's important to work with professionals who will help you navigate rough this exciting time in your life. You want someone who can answer your questions about the process to ensure that everything goes smoothly from beginning to end.
What are your experiences in real estate and with the property I'm buying? Why do you recommend this property to me?
How long have you been working as a broker / real estate agent?
What types of properties do you work with (single family homes, condos/townhomes, etc.)?
How many years have you been working in this field?
Do you have experience in buying homes like mine? Or is that an area where you're just getting started?
Are you experienced? In the real estate industry, it's common for agents to have more experience than buyers. They may have been working in the field for years and know the market better than you do. Their familiarity with all aspects of buying a home can make them an invaluable resource when making your decision about where to buy or sell your home.
Are you familiar with all my needs? When talking to a broker or agent, be sure that they understand what kind of buyer/seller relationship you want between yourself and them (if any). If they're not willing to commit themselves fully as part of our team, then we probably won't work well together either!
What kind of service can I expect from you while we're working together? Is it just a matter of showing me properties, or are there other services that also come along with this process?
When it comes to what kind of service you can expect from your broker, the answer will depend on who they are and how long they've been in business. Some agents offer services such as:
Showing you properties and negotiating the sale for you (this is called "matchmaking")
Helping with financing and closing costs (selling your home).
You may also want to ask about any other services that may be available when working with them. For example:
Do they have any special packages that come along with buying/selling real estate? If so, what are they and how much do they cost?
How often do you meet with prospective clients and how often should I expect to meet with you before we make an offer on my new home? During negotiations, what does that look like, and how often should I expect to need to meet with you during those times as well?
As a buyer, it's important to know what your broker / real estate agent is doing on your behalf. You should be kept updated on any changes in the market and how they will affect you as a buyer.
There are four different types of meetings that a broker can arrange:
Prospective clients must meet with their brokers at least twice a month, but some might want more frequent updates or feedback from their agents. If this sounds like something that works for you, then great! Just make sure not to let things slip too far into "meetings" where nothing happens because then we'd all be confused about what kind of communication is expected from both sides during negotiations (or even just after closing).
Will there be any fees associated with making my offer on the property, such as attorney's fees or appraiser's fees, or something else entirely than will occur during or after closing day if we choose not to go through with making an offer on the property?
What are the fees associated with making an offer on a property?
What are the fees associated with closing on a property?
What are the fees associated with closing on a property if you don't make an offer?
Real estate agents don't have all the answers, but they typically know what questions are important when it comes time to buy a house.
Real estate agents are not experts in everything. They can help you find the right house for you, but they aren't going to be able to tell you if it's going to be hot in 10 years or cold in 15. The same goes for financing or closing costs--you need an expert who knows how those things work!
Conclusion
We hope you found this article useful and that it gives you some insight into what questions to ask your real estate agent when looking to buy a new home! It's important to remember that real estate agents don't have all the answers, but they typically know what questions are important when it comes time to buy a house. Remember, there are plenty of other things that might come up during negotiations such as appraisers’ fees or attorney's fees, or something else entirely than will occur during or after closing day if we choose not to go through with making an offer on the property (and there may even be other costs associated with buying a property).
Comments:
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