How To Find A Real Estate Agent

How To Find A Real Estate Agent
By Alex Fir

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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