Here are questions you should ask an agent when you're interviewing them.
Here are the six questions to ask an agent when interviewing them:
1. How long have they lived in the area? This will give you an idea of their depth of knowledge of the area and if certain things would adversely affect or benefit you when it comes time to sell or buy.
2. How long have they been in real estate? This gives you a good idea of how many transactions they've done and how much depth of knowledge they have when it comes to negotiations and tactics. In a market like the one we're in, using creative tactics to help you get the best offer or present an offer that gets accepted is especially helpful.
"You're going to want to have someone who is experienced and knows the current market."
3. What is the local real estate market doing at that particular time? Whether it's now or a year from now, you're going to want someone who knows the market and the market statistics. They should know what the values are and if they are rising or lowering so that you can position yourself as a buyer or a seller in the best way.
4. Do they have a comprehensive vendor list? That's really important as you're getting your home ready for sale and as a buyer during inspections. You want them to have a list of vetted electricians, plumbers, contractors. They should have people that they have worked with and trust so that no time or money is wasted.
5. How many homes did they sell in the last year? You're going to want to have someone who is experienced and knows the current market. If they've sold one or two homes that's fine, but you're really going to want someone who knows the market well and will look out for your best interests.
6. Do they have a support staff? When agents are out in the field, they're meeting with buyers, doing showings, meeting with sellers, presenting offers, etc. There's a lot that goes into a transaction. It’s important for you on the buyer side to know if they have someone else who can get you into a property you like. In a hot market, you don't want to miss out on that opportunity.
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