Tuesday, July 31, 2007

Choosing a Real Estate Agent

A real estate agent or broker will guide you through the entire home buying process. You will work closely with this person to find the house that is best for you and your family, possibly spending a few hours together every week for months. You need to know that you have the right partner in your search for a new home.

Many agents will ask your price range and show you only homes at the upper edge of what you want to spend. Some will go even higher. These real estate agents are thinking about their commissions first – not your needs. To prevent this situation, have a frank discussion with any real estate agent you are considering. Tell him or her your price range, and insist on seeing a variety of homes from the least expensive in your price range to the highest. This will give you a feel for how far a dollar goes in your particular market.

Settle for nothing less than honesty. If you have unrealistic expectations, your real estate agent should be candid with you. Trying to find a two-bedroom home for $100,000 in Manhattan, for example, would be a waste of your time and the agent’s. An experienced real estate broker would suggest that you revise your price range or look elsewhere. One who does not should be avoided.

Finally, only work with agents who have experience in the town or neighborhood where you would like to buy your new home. Every market is different, with nuances that can shape your hunt for anew home and ultimately the terms of the sale. A real estate agent who is familiar with the market where you would like to buy will be able to give you the best advice and help you secure the right home for a fair price. Also, a real estate agent who specializes in a particular town will be able to refer the services of experienced appraisers, real estate attorneys and other professionals associated with the home buying process.

Most important, you should be comfortable with the real estate agent you choose. Talk to more than one in order to find the best fit for your needs and your personality. Buying a home is a time-consuming, personal and expensive undertaking. Being comfortable with your chief advisor can make the experience faster, easier and more rewarding. Choose carefully, and remember that your real estate agent works for you.

1 Comments:

At July 31, 2007 10:07 AM , Frank said...

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