Monday, January 2, 2012

How to Find and Choose a Buyer's Agent


Question: How to find and choose a buyer's agent?

What kind of questions should I ask to help me choose a good buyer's agent?

Also, since I've not decided where to buy, can I have different agent for different area?  Maybe one for Forsyth County, one for Douglas County.  I'm not sure if agents can work other counties and/or if I can't find one that I like and is familiar with both areas.



Answer:  
Some questions to ask:
1. What makes you different? You want an agent that thinks outside the box.  Finds the deals, knocks on neighbors doors to get the details.  You want an agent that knows where to find the homes not yet on the market.


2. What is your companys track record and reputation in the market place? (ask for past clients to contact)   Always ask for references, especially as a buyers agent.  You are about to allow this person to drive you around town.. you want to at least know they are a decent driver.


3. What has your company sold in my area?  Work with an agent that is associated with a National Brand.  Tools agents use make the difference in finding deals.  


4. What have you assisted clients in buying in my area?  You want an agent that has sold or purchased in your areas of interest.  However, if they are an experienced agent in a surrounding county, ask them how they will find the right home for you in a county they've never bought or sold in.


5. On average, how close are the original offer prices you submit for your buyers to the actual final agreed purchase price?  This is a tough question.  Agents have to fight on two real estate fronts.  If they represent the seller, they are fighting for the highest price.  If they are working for the buyer, the lowest amount the sellers will take.  You don't want to associate yourself with an agent that works only for the commission, you want an agent that is building a business.  


6. What happens if I am not happy with the job you are doing? Can I cancel our relationship?  If an agent won't let you go, you have to question their motive.  Get this answer in writing.


7. Do you work full time a Realtor?  Don't deal with part-time agents.  They miss all the deals and your have to work around their schedule.  I could write a book on buyers and sellers regretting their selection of a part-time agent.



Metro Atlanta Home Team

No comments:

Post a Comment