Buying a house is an investment that is going to last for years. Once you have closed the deal there is no going back. If you don’t ask the right questions from every potential real estate agent, you may regret it later. Making a mistake at this stage can have devastating effects on your life.
When you are buying your first home, your relationship with the real estate agent could mean anything from a smooth experience to a horrific one. The effects would stay with for many years. So it is no secret that choosing the best among all the Fort Lauderdale real estate agents is not easy.
Here are 7 questions you must ask.
1. How Long Have You Been Working?
One of the most critical questions is about the experience of a real estate agent. Although it is not impossible to find a new agent that’s right for you, it is best to look for a person who knows the field well. Real estate is a people business where networks matter a lot. If you want to crack the best deal, find a person who can do all the legwork for you.
2. How Many Buyers And Sellers Do You Deal Annually?
The direct question can tell you a lot about the market engagement of a real estate agent. On average agents buy or sell about 12 properties per year. If your potential agent has a number less than that, it may be a red flag. Ask whether the agent is a part-time or full time working professional. The full-time agent can devote more time to your deal.
3. How Long Do You Usually Take In Closing A Deal?
Although some buyers find their dream houses in a few days, most people take longer than that. But the total time also depends on the expertise of the real estate agent they are working with. Asking about the usual time taken by an agent is a good idea.
4. Do You Have Any References?
Whenever you hire a new service provider or employee, you check the references. When it comes to an important deal as your house, you should show the same rigor. Ask for references from the satisfied customers they have been working with. Prefer the professionals who have been working in your area and dealing in the same price ranges as you have.
5. Can I See Your License?
There are lots of scams running out in the world and the real estate industry is no different. The scale of investments makes it a potential market for dubious people. Don’t forget to verify the legal compliance of the professional you are working with. Ask them for proof. If they are hesitant to provide you the proofs, it is best to excuse yourselves and find a new one. Keep in mind that you are going to work with the agent for a few months on a minimum. It is important to find a person you can trust.
6. What Is Your Expertise?
Most people never realize the need for expertise in the real estate business. But it is good to remember that some of them are good at selling while others have a knack for buying the best deals. Some professionals have expertise in residential properties and many excel at dealing in commercial properties. Confirm the expertise of the individual you are working with.
7. What Is Your Commission Percentage?
This is the most important question as you will compare different agents on your list by this percentage. Don’t get too caught up in numbers and look beyond credentials.
