When it comes to finding a new home, there are many important considerations to take into account. When you're going through this process, your real estate agent is an invaluable resource who can help guide you through the process and answer any questions that arise along the way. This blog post will cover some important questions to ask your real estate agent before buying a property.
How Long Have You Been An Agent?
This is an important question to ask, as you want to ensure that your agent has a good amount of experience in the industry. An experienced agent will have a wealth of knowledge and help you navigate the buying process with ease.
Be sure also to ask about their specific area of expertise. Unfortunately, not all agents are knowledgeable about all areas of real estate. So if you're looking in a particular area, make sure to ask your agent if they have experience with transactions in that area.
How Many Sales Do You Make In A Month?
This question will help you gauge how busy your agent is. It's essential to have an agent who can devote enough time and attention to your transaction. If they are too busy, they may not be the best fit for you.
On the other hand, if they only help a few buyers purchase homes each year, that might not be the best fit either. So instead, try to find an experienced agent who also has a good amount of sales under their belt so that they can devote the necessary time and attention to your purchase.
Can I See Your Real Estate License?
It's essential to make sure your real estate agent is licensed correctly, as you need to know that they can legally represent you during the buying process.
To verify if an agent has a license, ask them for their real estate license number and where it was issued. Once you have this information, contact the state licensing agency listed on the agent's license to verify the validity.
What Are The Commissions Due To The Agent?
When you purchase a home, there are typically two types of commissions that come into play. First is the agent's commission for selling the property. This will be paid out by the seller (you want to make sure this number is listed in your contract) and not affect what you pay when it comes time to close.
Next up is the buyer's agent commission. This is how your real estate agent will get paid for their services - so you want to make sure that this number has been included in the contract as well, and it's something you'll need to cover at closing.
You can ask the agent what percentages they typically charge as a buyer's agent, or you can ask for what is included in their commission agreement.
In conclusion, there are many important questions to ask your real estate agent before buying a property. By asking these questions, you'll be able to get a good understanding of what their experience is like, how busy they are, and what you can expect from them during the process. This will help ensure that you have a smooth and successful home purchase.