How to Hire a Buyers Agent
How to Hire the Right Real Estate Agent when Buying
Choosing the right realtor is one of the most important decisions that you will make when you’re ready to buy a home in Edmonton. A good agent can help you navigate the buying process with minimal stress, whereas a not-so-good agent might make the process harder on you (and your wallet) than it needs to be and a great agent will provide a great buying experience. There is no magic formula for finding a great agent, though there are certain steps that you can take to improve your chances.
What should you look for when you choose a real estate agent?
Behind every good real estate agent is a set of skills that make them a top choice when you’re looking to buy a home. So what are these skills? They’ll vary depending on your needs and your personality, but at the very minimum, you should choose a real estate agent who has these five key qualities.
Communication is a key factor in a real estate transaction and being comfortable with your Realtor is key. If you are analytical, find an agent who is also analytical and system focused. These agents are usually dressed in a suit and will provide you with detailed information. If you are really social, choose an expressive agent. These Edmonton Realtors can be found via Facebook and are usually dressed in bright colours.
Top 12 Questions to ask a Realtor when Buying
1. How long have you been a Realtor in Edmonton?
Agents that have been in the business for a while will be able to anticipate problems before they arise.
2. Do you have a real estate speciality?
Most experienced Edmonton Realtors have a speciality from condominiums to luxury home sales.
3. Can you tell me about the areas we are interested in?
Your Realtor should be knowledgeable about the area you’re looking at. Edmonton communities vary in demographics and amenities from one neighbourhood to the next.
4. Will I be working with you individually, or with a team?
If you enter an agent-buyer relationship with the understanding that the agent will be handling you personally, it can be alarming to be handed off to an assistant. Ask who you will primarily be dealing with.
5. Can you recommend ...?
Mortgage brokers, appraisers, property inspectors and real estate lawyers. A good agent will already have a number of real estate professionals they work with on a regular basis.
6. How does your commission work?
As with any financial transaction, get a good understanding of how your agent is compensated before entering into a relationship with them.
7. Can you explain the home buying process from start to finish?
The process can be long and complicated for first-time homebuyers. Ask your agent to explain the process to you from beginning to end, and take notes, being sure to ask for clarifications you need along the way.
8. What’s the best way to contact you?
Every Realtor in Edmonton prefers different ways of communications. Some agents do not give out their cell phone numbers and others are not tech-savvy. Some agents will reply immediately and others can take hours.
9. Do you work on weekends?
Ensure that the availability to show you properties works for both you and your Edmonton Realtor.
10. How many homes are you willing to show me?
Some agents will only show you 3 properties, while others will show you dozens of homes. If an agent is only willing to show you a few properties, it is probably because they are too busy, however, if a Realtor is willing to show you unlimited properties - they are called a "Wheel Estate Agent"
11. Will you provide a CMA for this house?
A CMA or comparative market analysis can help you determine fair market value and determine if it is priced accurately.
12. Do you work full-time or part-time as an agent?
Edmonton Remax Realtors are full-time agents who are more likely to be able to devote more time to work for you than someone who is pursuing real estate on the side.
Take the time to talk with the agent to find the best fit for you. We recommend interviewing 3 Edmonton Realtors. Our agents can be contacted directly at 780-910-5179 or email us!