Thinking of buying a new home or selling the one you have? Finding a realtor can be tricky. Here are some suggestions to make the process as painless as possible.
Do your research. We do everything else on line, shop, chat, game. Finding a real estate agent is no different. Use the tools at hand such as realtor.com®. Utilize a Realtor search, this will give you information such as their years of job experience, homes sold, an average price of sold homes. Realtor track records are important because they can tip you off to superstar agents and help decide what you want.
If it feels wrong, it probably is. Don’t settle. Typically first-time buyers find their Realtor through a friend. Would you marry the person that your friend set you up with, after your 1st date? I don’t think so. Check out other Realtors, you won’t know for sure until you see all your options.
Ask questions. This is your future and your money.
You’re looking for an agent that has been selling for at least 2 years, anything less can be concerning.
Most clients prefer someone who knows the area that they want to buy in, whether this is an agent who has lived in the area their entire life or one who has done their research about the area.
Do they have a team or are they a standalone agent? There are many agents that work alone and do a stellar job, but don’t underestimate the value of a team. More people decrease the response time for your questions and concerns.
Do they work full time? Working part-time limits their availability for you. You don’t want to miss out on a great property because your agent was at their other job.
Vacations? Do they have any planned in the near future? Do they have another agent who backs them up?
There are few red flags that bear mentioning
Don’t use a relative. The mind set may be that you’re a family member and will understand if they miss an appointment or put another clients’ needs before yours. Wrong.
Bypass agents who promise a lower commission. Typical rates are 5 to 7 % of selling price split between the buying and selling agents. Know that commission rates are negotiable, but remember that in most cases you get what you pay for.
Your agent should be an amazing negotiator who keeps on top all the details associated with your transactions. Closing is a huge part of buying a house. Make sure to take care of your loan preapproval, ensure the home you’re buying is free of liens, the appraisal is accurate, and any issues with the home inspection are resolved.
It may be a lot of information but this is an important process and you need all the help you can get. Don’t be overwhelmed, there are places and people that you can reach out to if necessary.
Good luck and enjoy your new home.
Tricia Houston, Owner
Lending Maven Mortgage
Colorado native and Stapleton resident
You have questions about getting a mortgage, and I have the answers