Whether you’re looking to buy your dream home or sell a property for the best price, having a skilled real estate agent by your side can make all the difference and be the key to success because real estate can be complex and dynamic, and decisions can have profound financial implications.
If you are thinking about hiring a real estate agent, here are five essential things to consider first to ensure your experience is smooth and rewarding.
1. Trust Your Instincts
Ultimately, your real estate agent will be your partner in one of life’s most significant financial decisions. Therefore, it’s important that you trust your instincts and feel comfortable with your agent.
You should feel and know that your real estate agent is working for you and committed to helping you achieve your goals. Take the time to engage with multiple agents and compare their qualifications, personalities, and compatibility with your needs.
2. Reputation and References
Working with a real estate agent with a robust advertising plan, an engaging online presence, and a trail of glowing reviews from past clients has its advantages. These reviews offer insight into the agent’s performance and testify to their commitment to client satisfaction.
Tapping into your network is a great way to find an agent; friends, family, or colleagues might have had positive experiences with real estate agents worth considering. Don’t hesitate to request references directly from them to understand an agent’s capabilities.
Conversations with previous clients can provide valuable insights into an agent’s communication skills, professionalism, and effectiveness. A reputable real estate agent should have clients who can vouch for them, further solidifying their credibility and your trust in their abilities.
3. Experience and Expertise
As mentioned, real estate is a dynamic and competitive field, and having an experienced agent with intimate industry knowledge can be a game-changer. That’s why, before hiring a real estate agent, you should first ask about their track record and expertise, specifically in your desired neighborhood. A seasoned real estate agent or agency like SquareFoot Homes will have a portfolio of real estate assets, deals, and completed transactions that clearly demonstrate competence.
During your first engagement with potential real estate agents, be attentive to their communication style. Are they genuinely attentive to your needs and questions? Do they consistently provide clear and timely responses?
A responsive agent who keeps you well-informed throughout the process can significantly reduce the stress and uncertainty often accompanying real estate transactions.
5. Fees and Commission
Real estate agents typically operate on a commission basis, earning a percentage of the final sale price as compensation. That’s why one of the first things you should do when hiring a real estate agent is to discuss fees and commission rates from the outset to avoid unexpected financial surprises down the road.
While commission rates may vary, it’s worth noting that they are often negotiable; you only have to engage your chosen agent in a candid conversation about your expectations and their value proposition based on the fees they charge.
In addition to the commission, understand the complete fee structure, which might encompass various expenses like marketing costs.
A transparent dialogue about fees and commissions ensures you are well aware of all the financial aspects of your real estate transaction; this awareness ensures you can make sound and informed real estate decisions that align with your budget and goals.
Remember that the right agent can fast-track your real estate goals. So, take your time, do your research, and choose wisely.