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10 Questions to Ask a Real Estate Agent

10 Questions to Ask a Real Estate Agent Photo

©Depositphotos/monkeybusiness

Buy or sell a property, you still need to ask questions. Being aware of the processes is very important to save your time and money. Here are some important questions that you have to ask a real estate agent before closing a deal with them:

1. How does real estate work?

All buyers have the right to understand the whole process of real estate to avoid surprises. A good agent will be able to discuss it to you one by one. You should be informed how offers are being presented and negotiated, what are the estimated costs and other potential problems that could arise.

2. How long have you been working as a real estate agent?

In every kind of business, experience matters. Even though it does, it is not advisable to look for the oldest guy in the industry.  What you just need is someone who is confident that they have enough experience to handle sales.

3. How much is your fee?

Here is one of the most important questions that you need to ask. Before, hiring a real estate agent you must know if his price matches his experience and services that he offered. You are indeed looking for a good deal but you also need to consider your money. The best find can give you a good reason for the amount that they will charge.

4. What services will you offer beyond negotiations?

This should come next to your list of questions.  This is where you will know the complete details of what you will be paying for. Make a list and save it for later for consideration.

5.  How long will it take to sell my house?

When you ask this question it does not mean that you should be answered of a specific number of days. What you need to know is the factors that will contribute to the selling time frame. You will be checking on the agent’s knowledge about on how to speed up or the issues that might delay the process.

6. What are your plans on marketing my house?

There are many ways to market or campaigns that an agent may recommend to have your property sold: EOI, auction, tender or sale – he should be able to give out a lot.

7. Will you be able to respond to my messages? How often will you communicate with me?

In doing business and transactions like this, communication is always important. You surely wouldn’t like if you ask for updates or other things and it will take a week or month before you can hear an answer. Make sure that the real estate agent can commit on keeping you informed. Advise him of how it irritates you when your questions are not being answered in a timely manner.

8. Had someone ever filed a complaint against you?

It might be an awkward thing to ask to someone. Some people have courage to ask this, but if you feel uncomfortable, you can check with the state licensing board.

9. What can happen if I’m not happy with your services? Can I cancel our contract?

It is important to know what you can do in case that your real estate agent cannot provide the service that you need.  Discuss everything with the agent for ways of improvement and termination if deemed necessary.

10. Can I have some of your references that I can contact?

I good agent will be happy to provide a list of their previous clients that they have dealt with. Make some calls about the agent and ask a few questions that might help you on deciding if you are going to hire the guy.