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Before You Buy: 8 Questions to Ask Real Estate Agents

When looking for a new home, it’s important to work with a real estate agent who understands your needs and can find the perfect property.

But before you sign any contracts or put down any deposits, there are some questions you should ask your agent to make sure you’re getting the best service possible. In this post, Nawy Premium real estate in Egypt lists a few essential questions every home buyer should ask their real estate agent!

1. How long have you been working as a real estate agent?

Think about it, would you rather work with someone who just got their license or someone who has been in the business for years?

While experience isn’t everything, it does matter when buying a home. You want an agent who knows the ins and outs of the process and can help you avoid any potential pitfalls.

What are some things you can ask to get a sense of an agent’s experience?

  • How many homes have you sold in the past year?
  • What is the average price of the homes you’ve sold?
  • How many buyers are you currently working with?
  • What’s your specialty?

If an agent is new to the business, they may be more eager to please and may have more time to dedicate to your needs.

On the other hand, an experienced agent will likely be more knowledgeable and better equipped to deal with any problems that may arise. There’s no right answer here; it depends on what you’re looking for.

2. Will you be the only person working on my file?

Sometimes, you may deal with a team of real estate agents rather than just a single agent. If that’s the case, you’ll want to know who else will be involved in helping you buy your home. Will you be working with an assistant? A buyer’s agent?

Why should you care?

It’s important to know who you’ll be dealing with because it will affect the level of service you receive. If you’re working with a team, someone may be available to answer your questions even when your primary contact is unavailable.

On the other hand, if you’re working with a single agent, they may not have as much time to dedicate to your needs. Either way, you’ll want to be sure that you’re comfortable with the team or individual you’re working with.

3. Do you have any experience with (type of property)?

questions to ask real estate agent

If you’re looking for a specific type of property, such as a beach house or a fixer-upper, you’ll want to ensure your agent has experience with that type.

Why is this important?

If your agent doesn’t have experience with the type of property you’re looking for, they may not be familiar with the unique issues that come up with that type of home.

For example, if you’re looking for a fixer-upper, you’ll want an agent who knows how to negotiate a good price for the property and is familiar with the necessary repairs.

And if you’re looking for a beach house, you’ll want an agent who knows about the potential damage from salt air and flooding.

An experienced agent will know how to deal with the unique issues that come up with different types of properties, so be sure to ask about their experience before you start working with them.

4. What’s your strategy for finding homes?

This question boils down to how will your agent find homes that meet your specific needs? Whether you’re looking for a house for sale by owner or you’re looking for a home in a specific school district, you’ll want to know that your agent is up to the task.

Some things you may want to ask include:

  • How do you search for homes?
  • Do you use a real estate broker?
  • What websites do you use?
  • Do you have any insider knowledge of upcoming listings?

There are a few different ways an agent can find homes for their clients. Some agents rely on the MLS (Multiple Listing Service), a database of homes for sale that is only accessible to real estate professionals.

Others search for homes on public websites, such as Zillow or Trulia. And some agents have insider knowledge of upcoming listings, giving them a head start on the competition.

The important thing is that your agent is willing to do whatever it takes to find you the perfect home. Check out the homes at Hacienda West North Coast Egypt for some fabulous options.

5. What’s your negotiation style?

A huge part of being a good real estate agent is being a good negotiator. After all, one of the main duties of a real estate agent is to help their clients get the best possible price on a home.

Why is this important?

You’ll want to know what kind of negotiator your agent is before you start working with them. Are they the type who will fight tooth and nail for every last penny? Or are they the type who likes to keep things amicable and try to find a middle ground?

The answer to this question will give you a good idea of what to expect during negotiations. If your agent is a tough negotiator, they may be able to get you a lower price on the home. But if they’re not a tough negotiator, you may pay more than you should.

6. What are your fees?

Don’t feel like you’re being rude by asking your agent about their fees. It’s a perfectly reasonable question, and you have a right to know what you’ll be paying for their services.

Why is this important?

Real estate agents typically work on commission, which means they only get paid if and when a home is sold. But there are some other fees you may be responsible for, such as marketing or transaction fees.

Some agents charge a flat fee, regardless of whether or not the home is sold. Others charge a percentage of the sale price, typically between two and five percent.

Be sure to ask your agent about their fees before you start working with them so you know what to expect.

7. What’s your refund policy?

You never know what could happen during the home buying process. You may find a better home elsewhere or decide that you’re not ready to buy a home after all.

What will happen to your earnest money deposit if something happens and you need to back out of the deal? Your earnest money deposit is a good-faith gesture that shows you’re serious about buying the home.

Why is this important?

If you need to back out of the deal, you’ll want to know that your earnest money deposit is refundable. Otherwise, you could be out thousands of dollars. Ask your agent about their refund policy before you start working with them.

8. Can you recommend a good (insert type of service here)?

A good real estate agent should have a network of professionals that they can recommend to their clients. These may include home inspectors, loan officers, and closing attorneys.

Why is this important?

If you’re new to the area or if you don’t have any friends or family in the area, it can be helpful to have a real estate agent who can recommend good service providers. This can relieve some of the stress of finding someone you can trust.

Be sure to ask your agent if they have any recommendations for (insert type of service here). 

 

Final Thoughts

Whether it’s your first home or your tenth, buying property is a big decision. And it’s one that you shouldn’t make without doing your homework first.

These questions are just a starting point. You may have other questions that are specific to your situation. But if you ask your agent these questions, you’ll be one step closer to finding the perfect piece of real estate.

 

Sandy Villamor

Call me Sandy, a writer, and blogger of LifeStyleConvo & UrbanHouses, who worked as a full-time content creator. A writer by day and reader by night.

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