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About 4.5 million existing homes and 600,000 new builds were sold in America in 2023. Are you looking to grab one of these and make it your home? Whether you’re a first-time buyer or seasoned investor, choosing the right real estate professional can mean the difference between a stressful ordeal and a seamless transaction.
Regardless of market conditions, buying a house remains one of the smartest long-term financial decisions. However, the process involves complex paperwork, negotiations, and market nuances that even seasoned buyers can find overwhelming. This is why 89% of buyers work with an agent according to the National Association of Realtors®.
But with over 3 million active agents in the U.S., how do you identify the perfect match? This comprehensive guide walks you through how to choose a real estate agent who will become your advocate, negotiator, and local market expert.
Familiarize Yourself with the Kinds of Real Estate Agents
Many buyers mistakenly believe all licensed agents offer identical services. In reality, specialization matters significantly in real estate representation. Here’s what you need to know:
- Buyer’s Agents: Exclusively represent homebuyers (your best choice)
- Seller’s Agents: Work solely for property sellers
- “How many buyers have you represented in my target neighborhood in the past year?”
- “Can you walk me through your step-by-step homebuying process?”
- “What negotiation strategies do you typically employ for buyers?”
- “How will you keep me informed about new listings?” (Daily alerts? Text updates?)
- “What’s your average days-on-market for buyer clients?”
- “Can you provide references from 3 recent buyers?”
- “How do you handle multiple offer situations?”
- “What professional certifications do you hold?” (Look for ABR® or CRS® designations)
- “What percentage of your business comes from repeat clients?” (Indicates satisfaction)
- “What separates you from other agents in this market?”
- Pressure you to waive contingencies or make quick decisions
- Can’t explain the local market data clearly
- Communicate poorly (delayed responses, unclear answers)
- Show unwillingness to sign a buyer’s agency agreement
- Have numerous recent negative reviews mentioning similar issues
- Final Walkthrough: Verify property condition 24-48 hours before closing
- Closing Disclosure Review: Compare with Loan Estimate for discrepancies
- Title Insurance: Protects against ownership disputes
- Escrow Coordination: Ensures funds and documents are properly exchanged
10 Essential Questions to Ask When Interviewing Agents
Interview at least 3 agents with these questions to identify the best fit:
Red Flags to Watch Out For
Steer clear of agents who:
Understanding the Closing Process
A great agent guides you through these critical final steps:
Frequently Asked Questions
How much does a buyer’s agent cost?
Typically 2.5-3% of purchase price, paid by seller at closing in most cases. Always confirm compensation structure upfront.
Should I work with an agent who also lists properties?
Dual agents can create conflicts of interest. For undivided representation, choose an exclusive buyer’s agent.
How long does the homebuying process take?
National average is 4-5 months from search to closing. Competitive markets may move faster with proper preparation.
How to Choose a Real Estate Agent Simplified
Hiring the right professional transforms your homebuying experience from stressful to strategic. While you’ll pay a commission, top agents often save clients 3-9% on purchase price through expert negotiation—far outweighing their cost.
Now that you know how to find a realtor who aligns with your needs, you’re ready to begin interviews. Remember to verify licenses through your state’s real estate commission website.
For those considering Peterborough, explore houses to rent in Peterborough as you plan your next move. Progressive Lets offers personalized service to match you with ideal properties.
Armed with this complete guide on how to choose a real estate agent, you’re prepared to select a professional who will protect your interests and help you make one of life’s most rewarding investments.
Once you’ve purchased your home, explore our blog for essential homeownership tips and maintenance guides.
