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How To Find a Real Estate Agent


You may be of the opinion that you don't need a real estate agent and that using one will add to the cost of buying your new home.

The fact is that a real estate agent's fees are typically paid by the seller of the home. So, as a buyer, you can get the services of a professional real estate agent without having to directly pay for it. Please confirm this in any paperwork or contracts that a real estate agent may provide because policies vary greatly by state and company. Be sure to ask about fees when you interview agents.

Most real estate agents may work with buyers and sellers but often they specialize in working with one or the other. Make sure the agent that you choose has experience working with buyers and with no down payment transactions.

Be careful if you are speaking with a real estate agent and they don't seem to recognize terms like "Down Payment Assistance Program".

Start making a list of possible real estate agents to interview with referrals from your lender, friends and family.

A referral from the lender is great because you get the services from people that have worked together in the past and are already familiar with each other's systems. This can help prevent any last minute surprises or obstacles.

Questions to ask while you are interviewing real estate agents:

Please explain your fees.

Are you familiar with any no down payment financing programs?

Have you been involved with no down payment buyers in the past?

Would you mind providing sample contracts so I may review them?

Does it clearly state in the contract who will be paying your fees?

How long have you been a real estate agent?

Do you mostly work with buyers or sellers?

I'm looking for a home in the areas of ______. How familiar are you with those areas?

What specific steps would you take to help me find the home I am looking for?

You should also try to get an idea of these factors while you are speaking with the agent.

- Does this person have good negotiating skills?

- Do you feel this agent is trying to understand your situation so that they can properly represent you to sellers?

- How much knowledge does the agent have about mortgage markets?

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MORE RESOURCES:
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Forbes

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Fortune

Climate Change Is Already Depressing the Price of Flood-Prone Real Estate
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New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change ...



Real estate daily market update: April 23, 2018
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The average 30-year fixed-mortgage rate is 4.41 percent, up 6 basis points since the same time last week. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.33 percent. The average 15-year fixed-mortgage rate is 3.81 percent, up ...

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Real estate's top producers share their secrets to success
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The sheer work ethic of Michael Jordan, the mindset of a Jedi, the adaptability of a chameleon and the dogged humility of a servant — put it all together with a commitment to real estate, and you just might get a top-producing agent. Subscribe to ...



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April 23 (Reuters) - The following financial services industry appointments were announced on Monday. To inform us of other job changes, email moves@thomsonreuters.com. ABERDEEN STANDARD INVESTMENTS Asset manager named Omar Anwar country head and head ...


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