REAL ESTATE

FREQUENTLY ASKED QUESTIONS WHEN HIRING A REAL ESTATE AGENT

It’s crucial to choose a real estate agent that complements your demands and personality. Finding a realtor you enjoy engaging with and who performs the job as you anticipate is worthwhile because you will likely be working closely with them for a few months at least. Making a list of inquiries for realtors is the best course of action in this regard. In an interview, we suggest asking the following questions of a realtor:

What’s the length of your realtor career?

Knowing how long an agent you’re considering working with has been in the real estate business helps. According to NAR, the average Realtor has eight years of real estate expertise. It’s not always a terrible thing to work with a less experienced agent. However, more seasoned VA Beach Realtors can be more equipped to handle any difficulties during the home-buying or selling.

Are you an expert in purchasing or selling?

While some realtors may prefer to deal only with sellers, others may prefer to deal only with buyers. Additionally, some agents may serve as both the buyer’s and seller’s representative in a single transaction. A dual agent is unable to advocate or take sides.

You’ll be able to tell more clearly if an agent is on your side of the real estate transaction based on their response to this question. Whether your goal is to sell your out-of-date condo or find the ideal house with a picket fence, you should ideally find someone who is experienced in your particular situation.

How well-versed in the local market are you?

A realtor with in-depth knowledge of a specific market or area may be advantageous when purchasing or selling. Working with an agent knowledgeable about the local real estate market and the factors driving it is ideal. Their ability to perform tasks like comparative market analysis to show you the general trend of local property prices improves with their level of knowledge. They will also be aware of specifics, such as which areas of the town are more vulnerable to flood than others.

What are your fees?

Whether you’re buying or selling a house will determine how much and when you pay. In a transaction where you are the buyer, the seller is often responsible for paying a commission to both your agent and theirs. If you were selling a house, you would pay the agent’s fees out of the sales proceeds. The buyer’s agent and the seller’s agent split the commission equally, which usually amounts to 5% to 6% of the sale price of the house.

What is your timeline for closing a deal?

The time it takes to close on a house might vary from a week for an all-cash bid to many months for one, including a mortgage, once the buyer and seller have signed their agreement. This timeline’s setting involves numerous considerations. Your agent should be able to forecast the timing with accuracy if they are familiar with the market. Find out how the agent establishes and adheres to a timeframe for selling the client’s house.

Final words

You can gauge a realtor’s efficiency and diligence in meeting customer needs by asking all your questions.

sudarsan

Sudarsan Chakraborty is a professional writer. He contributes to many high-quality blogs. He loves to write on various topics.