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Top 5 Questions to ask your Realtor

July 30th, 2012 5:26 pm by

  1. What is your experience?  You want to get to know how long your agent has been in the business.  You want to understand how long they have been selling real estate in you area of interest.  This will give you an understanding of whether or not they are familiar with the community you are interested and have the adequate experience to help you. 
  2. Do you have a specialty?  If so, what is it?  You want to understand if they have specialized in a particular type of transaction.  Some realtors specialize in commercial real estate.  Others specialize in helping first-time home buyers.  While some agents specialize in corporate or military relocations.  In any event, find out what specialty, if any, your realtor may have.  You want to make sure that your realtor’s specialty is consistent or complimentary to your needs.
  3. How long have you been working in this area?  You want to know how long your realtor has been in your area of interest.  This is especially important if you are not familiar with your new area.  He or She should be able to answer some detailed questions about the community.  This is so important to the success of finding the right place for you.  
  4. Are you a part of a national real estate organization or are you a part of a smaller brokerage?  Either type of structure is a great option.  However, you just want to make sure your realtor has the support network in place to help you.  They should have solid ties to the community and services to help you throughout your transaction.  Also, you want to make sure they have adequate insurance.
  5. What type of agreements do you entertain? Exclusive or not?  It is very important to get clarity on this.  You want to make sure to manage expectations.  If your agent requires an exclusive agreement, which means you will work only with him or her through out the transaction, you need to clarify what this will get you.  You will also want to ask the tough question.  If things are not working out, what are your options?  This is important to clarify up front before you sign the exclusive agreement.

Working with a realtor is definitely good way to help you navigate the process.  However, finding the right professional for you is essential.  Asking these questions ahead of time will help you find that right person.