Using a Real Estate Agent When Buying a HomeUsing a Real Estate Agent When Buying a Home


About Me

Using a Real Estate Agent When Buying a Home

Hello, my name is Gerry. Buying a home can be a stressful experience. If you have found the ideal property for your family you will have to make an offer. However, often you will be bidding against others who want to buy the same home. This can often lead to disappointment, as you are outbid and have to start your search again. Finding a good real estate agent can really help you to secure the home you desire. I found a great real estate broker who helped me get the home of my dreams. I hope the advice on my blog will help you.

Categories

Archive

Latest Posts

How To Choose a Real Estate Agent
23 January 2020

Real estate agents help people in the purchase and

A Guide to Professional Conveyancing Services
11 June 2018

Buying a house is a thrilling experience. You get

The Important Role of Settlement Agents During the Real Estate Closing Process
17 October 2017

Are you looking to close on your real estate trans

Tips for Choosing the Best Home for Sale
22 September 2017

Choosing a new home for yourself and your family i

What You Should Examine Before Joining an Owners Corporation
12 September 2017

Are you planning to buy a unit in a strata propert

How To Choose a Real Estate Agent

Real estate agents help people in the purchase and sale of properties. Choosing a real estate agent to help you sell your home can be a daunting task. Below are some helpful tips. 

Reputation 

Seek referrals and conduct some internet research to determine the agent's reputation. The real estate agent should have a licence to operate in your state. Agents with years of experience in the business are likely to have more connections. 

Services

Look for a full-service real estate agent who provides the following services:

  1. House staging. The agent will visit your home and advise you on how you can decorate the interior and improve the exterior to make the house attractive to buyers.
  2. The agent will organise an appraisal to determine a reasonable selling price.
  3. House visits. Your agent should help you prepare for house visits. For instance, what should you display during the visit? How should you communicate with buyers?
  4. Some agents will also organise house inspections to determine the structural integrity of your home and the condition of various amenities.
  5. The agent will negotiate the purchase price with the buyer and help you close the deal. 

Marketing Strategy

Critically evaluate the agent's marketing strategy. Look for an agent that goes a step further to advertise the property on social media and local news outlets. A professional agent will also invest in signage. Proper signage should describe unique features about the home and how interested buyers can contact the agent.  

Contract

Most agents will ask for a small percentage of the asking price. This amount should cover all services that the agent will provide. Inquire if the agent's fee is inclusive of taxes. 

Once you hire the agent, he or she will ask you to sign a listing agreement. Carefully examine the terms of the contract. Some of your concerns should include the following: 

  1. Dual agency. This happens when the agent represents the buyer and seller in the contract. If this is the case, ask the agent how he or she will avoid conflict of interest.
  2. Sole agency. This prohibits you from hiring another agent to sell the property for a specified period (typically between 3-6 months).
  3. Check the terms of termination. For instance, will you incur penalties?
  4. The contract should have a reasonable conflict resolution procedure.  

When choosing a real estate agent, examine his or her reputation, services, marketing strategy and the terms of the contract.