About 4.5 million existing homes and 600,000 new builds will be sold in America in 2023. Are you looking to grab one of these and make it your home?
Regardless of how the real estate market looks right now, buying a house is a smart decision. However, the home-buying process isn’t a walk in the park, especially if you’re a first-time buyer. It’s prudent to have a real estate agent on your team.
But with over 3 million active agents in the U.S., how do you find the right one? Here’s how to choose a real estate agent the right way.
Familiarize Yourself with the Kinds of Real Estate Agents
If you’re not familiar with the world of real estate agents, you might think just about anyone qualified as an agent can be your agent. That’s not the case.
There are two types of agents: sellers’ agents and buyers’ agents. A seller’s agent represents a property seller while a buyer’s agent represents the buyer in a real estate transaction.
There are states that allow dual agency, but as a buyer, it’s in your best interest to settle on a real estate agent who exclusively works with buyers. They’re better suited to help you find the home you’re looking for and close the deal at the best price.
Another point to keep in mind is the difference between a real estate agent and a realtor. Both are real estate agents, but a realtor has the extra detail of being a member of the National Association of Realtors. In theory, you can say a realtor has a higher professional pedigree than a real estate agent.
Real estate agents are state-licensed, but you can find some who’re licensed by multiple states. Of course, you want an agent who is licensed in the state you want to buy a home. That, though, doesn’t mean they’re knowledgeable about real estate in the entire state.
You need to hire a real estate agent with local knowledge.
For example, if you’re eyeing a property in North Scottsdale, AZ, your agent should ideally be based there. Not in Phoenix, Tucson, or other AZ cities. Take a look at the real estate agent found here to learn more.
Professional Experience and Reputation
You’re in the homestretch if you’ve already zeroed in on a handful of agents that’re based in the locality you want to buy the house. Now you just need to evaluate their professionalism, experience, and reputation, and you’ll soon have your pick.
Key real estate agent qualities like excellent communication skills, honesty, and an approachable personality are a must-have. You can easily determine whether an agent has these skills by holding an in-person or video interview.
That aside, you want an agent who has skin in the game. How many buyers have they represented in the last year?
Finally, research the agent’s online reviews to see what past clients are saying about their quality of services. Stay away from agents who have lots of negative reviews.
How to Choose a Real Estate Agent Simplified
Hiring a real estate agent is a great decision. Although you’ll pay them a commission, the rewards far outweigh the costs. Now you just need to find a realtor or real estate agent who’s worth the money.
With this guide on how to choose a real estate agent, you’re now in a better position to make an excellent pick.
Once you’ve purchased your home, be sure to check our blog for homeownership tips.