When searching for an agent to sell your home or help you buy one, it pays to be picky. Even within a real estate agency there are agents with different talents and focuses, and it helps to seek one that will work best for your needs. Below are some things to avoid when hiring an agent.
If you find an agent who only sells real estate part time, it's a good idea to keep looking. You want someone who can send you new listings right away if you want to buy or quickly respond to potential buyers if you want to sell. Someone sitting behind a desk at their second job all day won't be able to do that for you.
Unless your mother-in-law is a top agent in your area, it's better not to mix business with family. There's always the potential that the business relationship can harm the family relationship, so it's best to just avoid this scenario.
You want to work with an agent who really understands your neighborhood or the neighborhood you want to move into. Some neighborhoods have property values that change by street, and you want to work with someone intimately familiar with those fluctuations. Someone familiar with a neighborhood also may know about houses that aren't yet on the market, but will be soon, giving you a jump on the competition.
Watch out for agents who charge a lower than average commission. Most agents charge between 5% and 7% and when the house is sold that commission is split between the buyer's agent and the seller's agent. If your selling agent is charging a low commission, buying agents will not steer their clients toward your house. It isn't financially in their best interest.
Make sure that the agent you work with knows how to work with your type of property. If he or she typically deals with condos, but you're looking to buy or sell a house, your agent will be outside of his or her comfort zone. You also should work with an agent comfortable in your price range. If you're looking for a starter home, you probably aren't going to get much attention from a real estate agent who typically helps people buy and sell properties worth millions.
Buying or selling a house is a big deal and you shouldn't choose just anyone to help you do it. Don't be afraid to ask tough questions before signing a contract with an agent. It'll work better for you in the long run. Contact a local agent, like Felte Real Estate, to get started.Share
15 March 2016
My husband and I have a large basement we've never really used. We started storing items in it, and it seemed like such a waste of a large area of our home. We also have a nephew in college in the area who we knew was paying a high price for an apartment he could barely afford. We came up with the idea of turning our basement into a mini-apartment and offering it to him for less than his current rent. He loved the idea, and the renovation was faster than we imagined it would be. We are all so happy it all worked out, and that we had a great basement to help my nephew through college at the same time. I created this blog to encourage others to use their basement for more than just holding boxes.