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The following article was published in our article directory on April 14, 2020.
Learn more about SpinDistribute Article Distribution System.
Article Category: Advice
Author Name: Jason Wheeler
It's a common scenario. A first-time home buyer gets the idea to buy a home, and immediately wants to look at properties.
The first thing they do, is start fantasizing about homes they see online, and many times they reach out to a real estate agent right away.
In almost every case a real estate agent worth their time will not entertain showing property to a new client unless they've been preapproved first.
FIRST TALK TO A LENDER GET PRE-APPROVED
Realtors are NOT Lenders. The very first thing you should do is get your financial ducks in a row. A good local mortgage broker is usually the best option over chop shop online lenders and he's retail banks. A good mortgage broker should not only be able to shop your loan, but they should be able to spend plenty of time with you to answer all of your questions regarding how much you can afford, what it takes to get approved and ultimately get you to the finish line.
GET REFERRALS FROM YOUR NETWORK
Once you've been preapproved, and you understand closing costs, loan programs and down payment options. Now it's time to start looking for a realtor.
If you don't already know anybody who you know like and trust, talk to your neighbor's friends and family. Dive into your network ask your financial planner CPA or anybody else who you've worked with in the past for a great referral to an agent that I know.
You can look online for local professionals as well when you've exhausted your networks.
INTERVIEW YOUR REALTOR CANDIDATES
Just because an agent is referred to you doesn't mean you should blindly hire them. Always talk to at least two or three agents before making your decision of whom you were going to work with.
Remember you were the boss in the situation you were interviewing them so that they can work with you essentially you were looking to hire somebody. Look for somebody who number one you feel comfortable with a number to feel confident in.
Some of the questions that you should ask are
How long have you been in business?
How many transactions on average do you do each year?
Find out about their family background if possible.
RESEARCH YOUR POTENTIAL REALTOR CANDIDATES
Once you've had two or three conversations with real estate agents that you generally like and feel like you can work together. Start doing some research. How are their online profiles looking? Do they have passed reviews from clients? How long have they been working the area that you were looking to buy? How many transactions per year are they averaging? When working with a real estate agent it's important to make sure that not only do the two of you click together. But you must make sure that the agent you were working with has an extensive network and experience. The main thing that a good realtor will bring to the table is their experience. They should be able to guide and protect you, and while they cannot see the future they should be able to help you manage any pitfalls and unforeseen circumstances.
REQUEST REFERENCES
When you've narrowed it down don't be shy about asking for references. Feel free to ask your realtor candidates for past client references or other professional references.
ALWAYS FOLLOW YOUR GUT FEELING
I'm a huge believer that your gut feelings are almost always the correct feelings. Even if everything on paper looks great if your gut tells you something is off about the agent that you're talking to you may want to think long and hard about your options.
BEFORE SIGNING ANYTHING REVIEW YOUR CONTRACTS
Some agents will slip you something to sign before they show you any properties. Many times, they'll send it over and many clients do t bother to read it.
Be very careful, because often you could be signing an agency agreement. Some of these agreements could last six months or longer depending on how its written.
Always be sure to read any forms carefully that are sent over to you before signing. Your realtor should be happy and excited to answer any questions that you might have regarding any papers that need to be signed.
Remember when it comes to hiring a realtor you have many choices, and YOU are in the driver's seat.
Be careful of the discount brokerage as often it discounts brokerage could mean discount service and guidance as well.
In most cases, as a home buyer you should not be paying a real estate agent to work with you. In almost every case the seller pays commissions for both Listing and buyers' agents.
Make sure you understand how your agent gets paid before you hire them.
BOTTOM LINE:
When you're looking to hire the best realtor make sure you do your research and ask questions, be sure to understand that you were in control and you were the boss.
Once you make the higher it's important for you to understand if you hired this person so that they could protect you and give you advice and guide you.
Ultimately the decision to yours but I got agent should be able to make sure you avoid pitfalls along the way. Ultimately the decision to yours but I got agent should be able to make sure you avoid pitfalls along the way
Keywords: Pleasant Hill Real Estate, Pleasant Hill Realtor, How to Hire a Realtor
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