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Buying 101
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Finding a Buyers Agent

Date: February 19, 2016        Author: Damon Harris

So you have saved your money, taken a home buyers class and even gotten pre-approved for a mortgage. You are ready to buy, the only thing you need is an agent. Think about it, you’re new to all this an agent will surely help. But where do you find this incredible helper. Do you go on yelp? Do you read Facebook likes?

 

We have some ideas

 

Before you even get going, create a list of about 3-5 agents. Referrals from friends and family are cool but you need to makes sure they are a fit for you. So contact your short list. This is the first step to finding out if they can meet your needs. See how long it takes for them to contact you. Do they contact you directly or have a member of their team call you? Oh yeah don’t get tricked by the whole, I was out of town thing. (Kind of an inside joke) Take them to lunch or a coffee and begin the interview.

 

You only have to ask 1 question and everything will flow: Why should I hire you. Our tips are based around some of the things you should here and ask as a follow up.

 

 1. HOW LONG HAVE YOU WORKED AS A BUYER’S AGENT IN RESIDENTIAL REAL ESTATE?

Follow this up with whether those were full-time or part-time years. You’ll want to know your agent has experience in handling all kinds of glitches and negotiations.

 

 2. CAN I REVIEW YOUR BUYER’S BROKER AGREEMENT BEFORE SIGNING?

Ask for a copy of the contract, and read every paragraph. A good agent should be willing to walk you through it. Agreement forms vary by state, by city, and by firm. You’ll want to know up front whether you have the right to exclusive representation, who’s responsible for the commission, and whether you’ll incur fees should you decide the relationship is not working. Take a look at our buyers services and agreement

 

 3. HOW DO YOU COMMUNICATE, AND WHAT ARE YOUR HOURS OF AVAILABILITY?

Anytime is a good answer but how. Phone, text, email or even social media. The worst thing you can have an agent who takes forever to get back to you.

 

 4. WHAT CAN YOU TELL ME ABOUT THE DEMOGRAPHICS AND THE CURRENT REAL ESTATE MARKET IN MY TARGET NEIGHBORHOODS?

This can be a loaded question, but it is a great benefit to have an agent that knows everything about the current market by the schools. However, if they don’t know, there is nothing wrong with them being honest and getting you the correct information quickly. Have you seen our neighborhood market reports?

 

 5. DO YOU KNOW OF ANY HOME BUYING PROGRAMS OR INCENTIVES BY BUILDERS OR SELLERS?

There is more than one way to skin a cat and a realtor may know a few program that can get you your home with the least resistance.

 

6. WILL YOU BE ABLE TO RECOMMEND SERVICE PROVIDERS?

Most agents have a list of inspectors, mortgage providers, and title companies that they will pass along. Make sure the list isn’t of affiliates. Often Affiliates pass on additional fees.

 

 7. CAN YOU PROVIDE ME WITH THE NAMES AND NUMBERS OF YOUR LAST FIVE CLIENTS?

 Call them.  Off course you may find a new agent, and everyone deserves a chance. But buying a home is a process and you want someone in your cornet that is ready to battle it out.

6806 Paragon Place #300, Richmond, VA 23230, Phone: 804-282-5901