SlideShare ist ein Scribd-Unternehmen logo
1 von 6
Downloaden Sie, um offline zu lesen
rochesterrealestateblog.com http://rochesterrealestateblog.com/how-to-interview-a-buyers-agent-when-buying-a-home/
How To Interview A Buyers Agent When Buying a Home
How To Interview A Buyers Agent When Buying a Home
Buying a home is not the same as
selling a home. The process is
different, the feelings you experience
are difference, and the emotions are
different. Since buying a home is
different than selling a home, it’s
obvious that the qualities you should
look for when hiring a real estate
agent are going to be different as
well.
Real estate agents who represent
buyers are commonly known as a
buyers agent. Real estate agents
who represent sellers are commonly
known as a listing agent. Knowing
how to interview a Realtor when
selling a home is extremely
important and it is no different than
selecting a real estate agent to
serve as your buyers agent.
In most real estate markets there
will be a much higher percentage of
buyers agents than there will be
listing agents. The 80/20 rule is also
in effect with buyers agents just like
it is with listing agents. If you are
unfamiliar with the 80/20 rule, it’s
simple. 80% of the buyers will be
represented by 20% of the buyers
agents in the market. In some
communities, believe it or not, this
ratio is even higher.
How can you be sure when buying a
home, whether it’s the first or tenth
home you buy, that you will be
represented by a Realtor who falls
in the 20% group? There are no
guarantees, however, by correctly interviewing Realtors when buying a home, you have a greater probability of hiring
a great buyers agent. The process and many of the questions will be similar when interviewing a listing agent and a
buyers agent, however, there are also some things that will be different when interviewing a buyers agent to
represent you during your home purchase.
By following the below tips and common questions when interviewing a Realtor to represent you as a buyers agent
and your experience will be an enjoyable one!
Mortgage and Financing
Do you require a pre-qualification or pre-approval before looking at homes?
Mortgage and financing is a very popular subject when buying a home, especially for the first time. When
interviewing a buyers agent, this is a good question to consider asking. The responses that will be received will vary,
however, a great real estate agent will answer this question with a resounding “yes.” It’s critical that when buying a
home, a buyer gets pre-approved before looking at homes.
A buyers agent who shows dozens of houses before getting a buyer pre-approved (or at the very least, pre-qualified)
is doing a huge disservice to that buyer. It’s important that a potential buyer has a strong grasp on the type of
financing they qualify for and the amount they qualify for and bottom line, if they are able to purchase a home at that
specific time. This can help eliminate disappointment, heartbreak, and also save the a buyer lots of time!
Do you have other trustworthy professionals you can recommend to me?
A great buyers agent will have several contacts in the mortgage industry whom they can recommend to you. Just like
all real estate agents are not created equally, all mortgage companies and consultants are not created equally. It can
greatly improve the probability of a smooth real estate purchase when utilizing a great buyers agents
recommendation, as they know how one another work and what quality of service is to be expected.
In addition to recommendations for mortgage lenders, another thing to consider asking a potential buyers agent is
about different professionals they can recommend. When buying a home you will likely need an attorney, a home
inspector, insurance carrier, and other professionals, in addition to the mortgage lender. Ask the potential buyers
agent if they have a list of professionals they can provide to you.
Real Estate Experience
How long have you been a licensed real estate agent?
This question is one that cannot be missed. Experience in the real estate industry is important. The longer a real
estate agent has been selling real estate, the more transactions they have likely completed. It’s not impossible,
however, that a real estate agent who has been in the business for two or three years and has done enough
transactions to fall into that 20% group!
Is real estate your full-time career or a part-time job?
When buying a home, it can be a time consuming process. As a buyer you have a job, family, and other
responsibilities. It’s important that your buyers agent is available when it’s convenient for you. A part-time real estate
agent may not be able to offer enough availability to do so. If the best time to view potential homes is at 1:00PM on
weekdays then that is when your buyers agent should setup the appointments. A part-timer may not be able to due to
another job or responsibility.
Real Estate Track-Record
How many homes did you sell as a buyers agent last year?
As a real estate agent, representing buyers is different than representing sellers, period. There are different “tasks”
that a buyers agent is responsible for during the transaction and the same for the sellers agent. It’s important to know
how many homes a potential buyers agent sold last year while representing buyers.
Ask Potential Buyers Agents About Past Sales When Interviewing!
On average, how many
buyers are you actively
working with?
One thing that is important to
understand when hiring a buyers
agent is that they are human beings,
like yourself. Buyers agents have
families, lives, and schedules and
this is one thing that buyers forget
sometimes and it drives real estate
agents crazy. It’s not a smart
decision to seek out a buyers agent
who only works with one buyer at a
time. This likely means they don’t
have a strong history of sales.
This being said, knowing how many
buyers they actively work with is an
important question. A great buyers
agent should be able to make you
feel like you are their only client. A
great buyers agent will be able to
juggle several buyers at a time due
to their organization and efficiency.
On average, how many
homes do you generally
show your buyers?
There are some buyers who believe
that real estate agents would
prefer to only have to show a couple
houses to their buyers before they
purchase a home. This is true. In
most cases, a great buyers agent
will only have to show 5-10 houses
to their clients.
Why is this? A great buyers agent
will be able to identify their clients
wants, needs, and preferences. Sometimes this is able to be done with a simple face-to-face meeting and
sometimes after looking at a couple houses. A real estate agent who shows 25 houses to you without narrowing
down and being able to identify what you are looking for is wasting not only their time but also yours.
What experience do you have in selling homes in my target areas?
Each village, town, and city will have their own property values as well as real estate “trends.” In most communities
there are some areas that houses are listed and sold within a week of being listed and others that take a couple
months. A buyers agent should be able to advise you on what property values and market trends you should expect
from your target areas.
Ask How A Potential Buyers Agent Will Determine Which Homes May Match Your Needs
Additionally, they should be able to help point you in the right directions to help you determine if the neighborhoods
are the right place for you to purchase a home.
Past Client Satisfaction
Can you provide me with testimonials or past clients contact information?
Every buyers agent should be able to provide a handful of testimonials to you, period. As for contact information of
past clients, this is not always possible. It still is a good question to ask a potential buyers agent though when
interviewing! If you are able to obtain contact information of a past client of the buyers agent, make sure you do not
waste the opportunity to pick up the phone or e-mail that person for their opinion of the potential agent.
Agreements and Requirements
Do you require your buyers to sign any contracts or agreements?
Many buyers aren’t aware that contracts even exist for buyers. They do, however, they are not enforced or practiced
that frequently. Many of the top producing buyers agents will choose not to utilize a contract with their client because
they know they will provide great service and not have to worry about losing their client.
Another primary reason why buyers agents don’t utilize contracts is because they are very difficult to enforce, should
a buyer break an agreement. Often a real estate agent will spend thousands of dollars in legal fees trying to recoup
their commission, thus not making it worth their time or money.
Technologies and
Communication
Do you have a personal
website?
You maybe asking yourself, Why is
a website important for a buyers
agent to have? Simple. A website is
hopefully a great place to learn
about not only the potential buyers
agent but also about the local
neighborhoods, schools, and also
find some helpful testimonials.
Do you have a real estate
blog?
Real estate agents love to share
their knowledge and expertise. A
real estate blog is a great venue to
share their wealth of knowledge.
Ask potential buyers agents if they
have a blog or an example of article
they have written. If they provide
you a URL for their real estate blog,
be sure to check it out. What types
of articles have they written geared
specifically towards buyers? Have
they written articles giving advice
for first time buyers? General
home improvement articles?
How do you determine
which homes may match our
wants and needs?
A great buyers agent will have a
system or questionnaire in place to
determine what homes may match
your wants and needs. You should
expect a great buyers agent to ask
about your price range, desired
square footage, number of
bedrooms, type of heating system,
and other specific questions. This
will allow them to determine what
homes may be a great fit.
How do you provide the
information of these possible
homes?
This is a critical question to ask a
buyers agent. Do they send just the
address of the potential home? Do
they send information? You should
expect a great buyers agent to send
lots of detailed information and
photos about the possible homes.
What methods of
communication do you
utilize?
One of the biggest complaints that
buyers have when it comes to their
real estate agent, refers to
communication. Whether it is lack of
communication or the method, this is an important question to ask. If you prefer to have your buyers agent text
message you, it is critical to find out if the potential buyers agent text messages or not. The same can be said for e-
mailing as well.
If your desired communication method is not one that is mentioned by the buyers agent, it could potentially lead to
issues down the road.
Other Miscellaneous Interview Questions
Do you attend inspections?
Inspections are a very common contingency in contracts when buying a home. A great question to ask a potential
buyers agent is whether or not they attend their inspections. There are some buyers agents who will attend and
some who will not. Most top producing agents will agree that attending inspections is important, for many reasons.
How do you negotiate our requests from inspections?
Many real estate transactions do not make it past the inspection stage. This is for a variety of reasons. You should
expect that in addition to recommending quality home inspectors, the agent should be able to present the inspection
report and requests in a way the seller understands the validity of the requests.
Hiring a great buyers agent is critical when buying a home. The process of buying a home can seem like a
monumental task, but it isn’t, with the right representation! The above questions are some very good questions to
think about asking. By doing so, you should be on your way to successfully selecting a great buyers agent for your
home buying needs!
Other Home Buying Resources
Five Mistakes to Avoid When Buying a Home
Five Things to Consider When Buying a “Flipped” Home
Stop Worrying and Buy a Home in 3 Steps by Lynn Pineda
Single Womans Guide To Buying a New Home by Anita Clark
First Time Home Buyer Tips: How To Buy Your First Home by Andrew Fortune
Are you thinking of buying a home in Rochester, NY or the surrounding areas? We’d love the opportunity to
interview for the chance to represent you as your buyers agent. With over 30 years of combined experience we know
that your experience of buying a home will be seamless, so contact us today!
About the authors: The above article “How To Interview A Realtor When Buying A Home” was provided by the
Keith Hiscock Sold Team (Keith & Kyle Hiscock). With over 30 years combined experience, if you’re thinking
of selling or buying, we’d love to share our knowledge and expertise.
We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton,
Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush,
Honeoye Falls, Chili, and Victor NY.
Visit our website at www.HiscockHomes.com.
© 2014, Kyle Hiscock. All rights reserved.

Weitere ähnliche Inhalte

Kürzlich hochgeladen

BDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor PresentationMEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor PresentationMEQ - Mainstreet Equity Corp.
 
Call Girls In Seelampur Delhi ↬8447779280}Seelampur Escorts Service In Delhi...
Call Girls In Seelampur  Delhi ↬8447779280}Seelampur Escorts Service In Delhi...Call Girls In Seelampur  Delhi ↬8447779280}Seelampur Escorts Service In Delhi...
Call Girls In Seelampur Delhi ↬8447779280}Seelampur Escorts Service In Delhi...asmaqueen5
 
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports WorkTENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports WorkTurbo Tenant
 
9990771857 Call Girls Dwarka Sector 8 Delhi (Call Girls ) Delhi
9990771857 Call Girls  Dwarka Sector 8 Delhi (Call Girls ) Delhi9990771857 Call Girls  Dwarka Sector 8 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 8 Delhi (Call Girls ) Delhidelhimodel235
 
Bptp The Amaario Launch Luxury Project Sector 37D Gurgaon Dwarka Expressway...
Bptp The Amaario Launch  Luxury Project  Sector 37D Gurgaon Dwarka Expressway...Bptp The Amaario Launch  Luxury Project  Sector 37D Gurgaon Dwarka Expressway...
Bptp The Amaario Launch Luxury Project Sector 37D Gurgaon Dwarka Expressway...ApartmentWala1
 
Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024VickyAulakh1
 
BPTP THE AMAARIO Luxury Project Invest Like Royalty in Sector 37D Gurgaon Dwa...
BPTP THE AMAARIO Luxury Project Invest Like Royalty in Sector 37D Gurgaon Dwa...BPTP THE AMAARIO Luxury Project Invest Like Royalty in Sector 37D Gurgaon Dwa...
BPTP THE AMAARIO Luxury Project Invest Like Royalty in Sector 37D Gurgaon Dwa...ApartmentWala1
 
Kolte Patil Kharadi Pune E Brochure.pdf
Kolte Patil Kharadi Pune E  Brochure.pdfKolte Patil Kharadi Pune E  Brochure.pdf
Kolte Patil Kharadi Pune E Brochure.pdfabbu831446
 
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCRCall Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCRasmaqueen5
 
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhidelhimodel235
 
Majestique Viman Nagar Pune Brochure.pdf
Majestique Viman Nagar Pune Brochure.pdfMajestique Viman Nagar Pune Brochure.pdf
Majestique Viman Nagar Pune Brochure.pdfBabyrudram
 
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhidelhimodel235
 
9990771857 Call Girls in Dwarka Sector 08 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 08 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 08 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 08 Delhi (Call Girls) Delhidelhimodel235
 
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhidelhimodel235
 
The Gale at Godrej Park World Hinjewadi Pune Brochure.pdf
The Gale at Godrej Park World Hinjewadi Pune Brochure.pdfThe Gale at Godrej Park World Hinjewadi Pune Brochure.pdf
The Gale at Godrej Park World Hinjewadi Pune Brochure.pdfPrachiRudram
 
Vanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdfVanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdfkratirudram
 
Purva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdfPurva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdfpritika141199
 
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)delhi24hrs1
 

Kürzlich hochgeladen (20)

BDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 57 Noida Escorts >༒8448380779 Escort Service
 
Retail Center For Sale - 1019 River St., Belleville, WI
Retail Center For Sale - 1019 River St., Belleville, WIRetail Center For Sale - 1019 River St., Belleville, WI
Retail Center For Sale - 1019 River St., Belleville, WI
 
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor PresentationMEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
 
Call Girls In Seelampur Delhi ↬8447779280}Seelampur Escorts Service In Delhi...
Call Girls In Seelampur  Delhi ↬8447779280}Seelampur Escorts Service In Delhi...Call Girls In Seelampur  Delhi ↬8447779280}Seelampur Escorts Service In Delhi...
Call Girls In Seelampur Delhi ↬8447779280}Seelampur Escorts Service In Delhi...
 
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports WorkTENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
 
9990771857 Call Girls Dwarka Sector 8 Delhi (Call Girls ) Delhi
9990771857 Call Girls  Dwarka Sector 8 Delhi (Call Girls ) Delhi9990771857 Call Girls  Dwarka Sector 8 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 8 Delhi (Call Girls ) Delhi
 
Bptp The Amaario Launch Luxury Project Sector 37D Gurgaon Dwarka Expressway...
Bptp The Amaario Launch  Luxury Project  Sector 37D Gurgaon Dwarka Expressway...Bptp The Amaario Launch  Luxury Project  Sector 37D Gurgaon Dwarka Expressway...
Bptp The Amaario Launch Luxury Project Sector 37D Gurgaon Dwarka Expressway...
 
Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024
 
BPTP THE AMAARIO Luxury Project Invest Like Royalty in Sector 37D Gurgaon Dwa...
BPTP THE AMAARIO Luxury Project Invest Like Royalty in Sector 37D Gurgaon Dwa...BPTP THE AMAARIO Luxury Project Invest Like Royalty in Sector 37D Gurgaon Dwa...
BPTP THE AMAARIO Luxury Project Invest Like Royalty in Sector 37D Gurgaon Dwa...
 
Kolte Patil Kharadi Pune E Brochure.pdf
Kolte Patil Kharadi Pune E  Brochure.pdfKolte Patil Kharadi Pune E  Brochure.pdf
Kolte Patil Kharadi Pune E Brochure.pdf
 
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCRCall Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
 
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
 
Majestique Viman Nagar Pune Brochure.pdf
Majestique Viman Nagar Pune Brochure.pdfMajestique Viman Nagar Pune Brochure.pdf
Majestique Viman Nagar Pune Brochure.pdf
 
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
 
9990771857 Call Girls in Dwarka Sector 08 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 08 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 08 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 08 Delhi (Call Girls) Delhi
 
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
 
The Gale at Godrej Park World Hinjewadi Pune Brochure.pdf
The Gale at Godrej Park World Hinjewadi Pune Brochure.pdfThe Gale at Godrej Park World Hinjewadi Pune Brochure.pdf
The Gale at Godrej Park World Hinjewadi Pune Brochure.pdf
 
Vanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdfVanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdf
 
Purva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdfPurva Soukhyam in Guduvancheri Chennai.pdf
Purva Soukhyam in Guduvancheri Chennai.pdf
 
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Malviya Nagar(Delhi)
 

Empfohlen

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by HubspotMarius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTExpeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 

Empfohlen (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Top Tips for Interviewing a Buyer's Agent when Buying a Home

  • 1. rochesterrealestateblog.com http://rochesterrealestateblog.com/how-to-interview-a-buyers-agent-when-buying-a-home/ How To Interview A Buyers Agent When Buying a Home How To Interview A Buyers Agent When Buying a Home Buying a home is not the same as selling a home. The process is different, the feelings you experience are difference, and the emotions are different. Since buying a home is different than selling a home, it’s obvious that the qualities you should look for when hiring a real estate agent are going to be different as well. Real estate agents who represent buyers are commonly known as a buyers agent. Real estate agents who represent sellers are commonly known as a listing agent. Knowing how to interview a Realtor when selling a home is extremely important and it is no different than selecting a real estate agent to serve as your buyers agent. In most real estate markets there will be a much higher percentage of buyers agents than there will be listing agents. The 80/20 rule is also in effect with buyers agents just like it is with listing agents. If you are unfamiliar with the 80/20 rule, it’s simple. 80% of the buyers will be represented by 20% of the buyers agents in the market. In some communities, believe it or not, this ratio is even higher. How can you be sure when buying a home, whether it’s the first or tenth home you buy, that you will be represented by a Realtor who falls in the 20% group? There are no guarantees, however, by correctly interviewing Realtors when buying a home, you have a greater probability of hiring a great buyers agent. The process and many of the questions will be similar when interviewing a listing agent and a buyers agent, however, there are also some things that will be different when interviewing a buyers agent to represent you during your home purchase. By following the below tips and common questions when interviewing a Realtor to represent you as a buyers agent
  • 2. and your experience will be an enjoyable one! Mortgage and Financing Do you require a pre-qualification or pre-approval before looking at homes? Mortgage and financing is a very popular subject when buying a home, especially for the first time. When interviewing a buyers agent, this is a good question to consider asking. The responses that will be received will vary, however, a great real estate agent will answer this question with a resounding “yes.” It’s critical that when buying a home, a buyer gets pre-approved before looking at homes. A buyers agent who shows dozens of houses before getting a buyer pre-approved (or at the very least, pre-qualified) is doing a huge disservice to that buyer. It’s important that a potential buyer has a strong grasp on the type of financing they qualify for and the amount they qualify for and bottom line, if they are able to purchase a home at that specific time. This can help eliminate disappointment, heartbreak, and also save the a buyer lots of time! Do you have other trustworthy professionals you can recommend to me? A great buyers agent will have several contacts in the mortgage industry whom they can recommend to you. Just like all real estate agents are not created equally, all mortgage companies and consultants are not created equally. It can greatly improve the probability of a smooth real estate purchase when utilizing a great buyers agents recommendation, as they know how one another work and what quality of service is to be expected. In addition to recommendations for mortgage lenders, another thing to consider asking a potential buyers agent is about different professionals they can recommend. When buying a home you will likely need an attorney, a home inspector, insurance carrier, and other professionals, in addition to the mortgage lender. Ask the potential buyers agent if they have a list of professionals they can provide to you. Real Estate Experience How long have you been a licensed real estate agent? This question is one that cannot be missed. Experience in the real estate industry is important. The longer a real estate agent has been selling real estate, the more transactions they have likely completed. It’s not impossible, however, that a real estate agent who has been in the business for two or three years and has done enough transactions to fall into that 20% group! Is real estate your full-time career or a part-time job? When buying a home, it can be a time consuming process. As a buyer you have a job, family, and other responsibilities. It’s important that your buyers agent is available when it’s convenient for you. A part-time real estate agent may not be able to offer enough availability to do so. If the best time to view potential homes is at 1:00PM on weekdays then that is when your buyers agent should setup the appointments. A part-timer may not be able to due to another job or responsibility. Real Estate Track-Record How many homes did you sell as a buyers agent last year? As a real estate agent, representing buyers is different than representing sellers, period. There are different “tasks” that a buyers agent is responsible for during the transaction and the same for the sellers agent. It’s important to know how many homes a potential buyers agent sold last year while representing buyers.
  • 3. Ask Potential Buyers Agents About Past Sales When Interviewing! On average, how many buyers are you actively working with? One thing that is important to understand when hiring a buyers agent is that they are human beings, like yourself. Buyers agents have families, lives, and schedules and this is one thing that buyers forget sometimes and it drives real estate agents crazy. It’s not a smart decision to seek out a buyers agent who only works with one buyer at a time. This likely means they don’t have a strong history of sales. This being said, knowing how many buyers they actively work with is an important question. A great buyers agent should be able to make you feel like you are their only client. A great buyers agent will be able to juggle several buyers at a time due to their organization and efficiency. On average, how many homes do you generally show your buyers? There are some buyers who believe that real estate agents would prefer to only have to show a couple houses to their buyers before they purchase a home. This is true. In most cases, a great buyers agent will only have to show 5-10 houses to their clients. Why is this? A great buyers agent will be able to identify their clients wants, needs, and preferences. Sometimes this is able to be done with a simple face-to-face meeting and sometimes after looking at a couple houses. A real estate agent who shows 25 houses to you without narrowing down and being able to identify what you are looking for is wasting not only their time but also yours. What experience do you have in selling homes in my target areas? Each village, town, and city will have their own property values as well as real estate “trends.” In most communities there are some areas that houses are listed and sold within a week of being listed and others that take a couple months. A buyers agent should be able to advise you on what property values and market trends you should expect from your target areas.
  • 4. Ask How A Potential Buyers Agent Will Determine Which Homes May Match Your Needs Additionally, they should be able to help point you in the right directions to help you determine if the neighborhoods are the right place for you to purchase a home. Past Client Satisfaction Can you provide me with testimonials or past clients contact information? Every buyers agent should be able to provide a handful of testimonials to you, period. As for contact information of past clients, this is not always possible. It still is a good question to ask a potential buyers agent though when interviewing! If you are able to obtain contact information of a past client of the buyers agent, make sure you do not waste the opportunity to pick up the phone or e-mail that person for their opinion of the potential agent. Agreements and Requirements Do you require your buyers to sign any contracts or agreements? Many buyers aren’t aware that contracts even exist for buyers. They do, however, they are not enforced or practiced that frequently. Many of the top producing buyers agents will choose not to utilize a contract with their client because they know they will provide great service and not have to worry about losing their client. Another primary reason why buyers agents don’t utilize contracts is because they are very difficult to enforce, should a buyer break an agreement. Often a real estate agent will spend thousands of dollars in legal fees trying to recoup their commission, thus not making it worth their time or money. Technologies and Communication Do you have a personal website? You maybe asking yourself, Why is a website important for a buyers agent to have? Simple. A website is hopefully a great place to learn about not only the potential buyers agent but also about the local neighborhoods, schools, and also find some helpful testimonials. Do you have a real estate blog? Real estate agents love to share their knowledge and expertise. A real estate blog is a great venue to share their wealth of knowledge. Ask potential buyers agents if they have a blog or an example of article they have written. If they provide you a URL for their real estate blog, be sure to check it out. What types of articles have they written geared specifically towards buyers? Have
  • 5. they written articles giving advice for first time buyers? General home improvement articles? How do you determine which homes may match our wants and needs? A great buyers agent will have a system or questionnaire in place to determine what homes may match your wants and needs. You should expect a great buyers agent to ask about your price range, desired square footage, number of bedrooms, type of heating system, and other specific questions. This will allow them to determine what homes may be a great fit. How do you provide the information of these possible homes? This is a critical question to ask a buyers agent. Do they send just the address of the potential home? Do they send information? You should expect a great buyers agent to send lots of detailed information and photos about the possible homes. What methods of communication do you utilize? One of the biggest complaints that buyers have when it comes to their real estate agent, refers to communication. Whether it is lack of communication or the method, this is an important question to ask. If you prefer to have your buyers agent text message you, it is critical to find out if the potential buyers agent text messages or not. The same can be said for e- mailing as well. If your desired communication method is not one that is mentioned by the buyers agent, it could potentially lead to issues down the road. Other Miscellaneous Interview Questions Do you attend inspections? Inspections are a very common contingency in contracts when buying a home. A great question to ask a potential buyers agent is whether or not they attend their inspections. There are some buyers agents who will attend and
  • 6. some who will not. Most top producing agents will agree that attending inspections is important, for many reasons. How do you negotiate our requests from inspections? Many real estate transactions do not make it past the inspection stage. This is for a variety of reasons. You should expect that in addition to recommending quality home inspectors, the agent should be able to present the inspection report and requests in a way the seller understands the validity of the requests. Hiring a great buyers agent is critical when buying a home. The process of buying a home can seem like a monumental task, but it isn’t, with the right representation! The above questions are some very good questions to think about asking. By doing so, you should be on your way to successfully selecting a great buyers agent for your home buying needs! Other Home Buying Resources Five Mistakes to Avoid When Buying a Home Five Things to Consider When Buying a “Flipped” Home Stop Worrying and Buy a Home in 3 Steps by Lynn Pineda Single Womans Guide To Buying a New Home by Anita Clark First Time Home Buyer Tips: How To Buy Your First Home by Andrew Fortune Are you thinking of buying a home in Rochester, NY or the surrounding areas? We’d love the opportunity to interview for the chance to represent you as your buyers agent. With over 30 years of combined experience we know that your experience of buying a home will be seamless, so contact us today! About the authors: The above article “How To Interview A Realtor When Buying A Home” was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock). With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com. © 2014, Kyle Hiscock. All rights reserved.