Buying a home requires patience, persistence, and also dedication. It also makes a huge difference when a buyer has a top notch Realtor working on their behalf.
Since the previously discussed, 10 things to expect from your real estate agent when selling a home, was very well received I felt it would be great to discuss what things buyers should expect from their agent when buying.
Things such as professionalism, availability, and strong negotiation skills are just a few of the most important. The other 7 things can be found over on +Rochester's Real Estate Blog at http://www.rochesterrealestateblog.com/10-things-to-expect-from-your-real-estate-agent-when-buying-a-home/
What Should I Expect From My Real Estate Agent When Buying A Home?
1. rochesterrealestateblog.com
http://www.rochesterrealestateblog.com/10-things-to-expect-from-your-real-estate-agent-when-buying-a-home/
10 Things To Expect From Your Real Estate When Buying A Home
10 Things To Expect From Your Real Estate Agent When Buying A
Home
Buying a home, especially for the
first time, can come with lots of
confusion and unanswered
questions. Buying a home requires
things such as patience,
persistence, and dedication.
Another very important thing that is
extremely helpful when buying a
home is making sure you have a top
producing buyers agent working on
your behalf!
There are certain things that home
sellers should expect from their real
estate agent when selling their home
and it is no different for home
buyers. It’s extremely important that
before you choose a real estate
agent to represent you as a buyers
agent, you take the time to properly
interview prospective buyers agents.
Like most professions, there are top
producing buyers agents, middle of
the road buyers agents, and others
fall short of their fellow real estate
agents. A buyer who chooses to
work with a top producing buyers
agent gives themselves a huge
advantage over their competition,
other potential home buyers.
Having a top producing buyers
agent working for you can make a
huge difference especially if you’re
trying to buy a home in a competitive
sellers market.
So, what things should you expect
from your real estate agent when
buying a home? The following 10
things are items that you should absolutely make sure you will receive from your buyers agent when buying a home.
Disclosure / Honesty
2. When buying a home, it’s important that you choose to work with a buyers agent who is honest and believes in full
disclosure. All licensed real estate agents are supposed to adhere to a stringent set of documents called the code of
ethics and standards of practice.
It’s not always the easiest task to judge whether a buyers agent is completely honest or is practicing full disclosure,
but there are certainly ways to feel fairly confident this is the case.
First and foremost, trust your “gut feeling.” If your “gut” is telling you that something doesn’t seem correct about the
prospective buyers agent, then choose not to work with them. There are lots of buyers agents to choose from that
will give you a positive vibe.
Another great way to find out whether a prospective buyers agent is practicing full disclosure is to ask for the contact
information from some past buyers the agent has represented. The agent should be able to provide at least a
handful of past clients you can reach out to.
It’s important that when looking at homes you have an extra set of eyes looking out for potential red flags in a home.
An honest buyers agent should be the first person to point out potential red flags in a home when viewing
prospective homes.
Frequently Communication
One of the most common reasons why prospect home buyers choose to “fire” their buyers agent is due to a lack of
communication. When you set out to purchase a home, you should expect frequent communication, bottom line. A
top producing buyers agent should at least acknowledge receipt of an e-mail, text message, or phone call within a few
hours of receiving the message.
It’s extremely important that when buying a home in a competitive sellers market, your real estate agent is staying in
frequent communication with you. They should be letting you know when a new listing that might be your perfect
home is listed and also letting you know if a home you had interest in potentially buying has been having lots of other
showings or potentially other purchase offers.
If you’re actively and aggressively looking to purchase a home, you should expect some type of communication from
your buyers agent every couple days.
Use Of Current & “Cutting-Edge” Technologies
Technology in general is changing on a daily basis and that is no different in the real estate industry. There are new
gadgets, apps, and programs that are being introduced in the real estate industry daily. It’s important that when you
set out to buy a home, you expect that your real estate agent is utilizing the most current and “cutting-edge”
technologies.
One of the most popular advances in technology that you should expect your real estate agent to be using when
buying a home is some form of digital signature software. There are several companies and programs available that
allow a real estate agent to obtain required signatures without having to physically meet with a buyer. This can save
lots of time not only for a real estate agent, but also you. Since most home buyers have very busy work schedules
and personal schedules, this can eliminate a delay in getting signatures on a required document and also expedite
the transaction and help avoid potential delays.
Another piece of technology that your real estate agent should be utilizing is a mobile app that is linked to their
respective MLS. This is very helpful in the event you have questions about a specific property as this app will allow
the real estate agent to access the information you desire.
Quality Business Connections
3. Quality Business Connections Should Be An Expectation Of Your Real Estate Agent When Buying A
Home
Throughout the home buying process, there are many different professionals that are usually needed. Professionals
such as mortgage consultants, home
inspectors, structural engineers, and
attorneys are just a few of the
professionals who you can expect to
be in contact with when buying a
home.
It’s important that you expect from
your real estate agent that they have
a solid group of business
connections available to
recommend. Without a solid group
of business connections, it’s
possible you may not receive the
quality of service you deserve.
For example, it’s strongly suggested
that when buying a home you have a
home inspection and having a
quality home inspector
recommendation is important. Just
like there are differently levels of real
estate professionals, it’s no different
in the home inspection field, and
hiring an inspector who is not top
notch can cost you lots of money in
the future due to missed decencies
during a home inspection.
Professionalism
Whether your buying a home,
buying a car, or buying a television,
professionalism is something you
should expect. When buying a
home, it’s important that your buyers
agent is a professional. Real estate
professionals hate when buyers
don’t respect their time, however, it
should also be expected that a real
estate professional respects the buyers time.
When buying a home, you should expect that if your real estate agent says they will meet you at a property at 11:00
AM, they are there at 11:00 AM or before. Being late to appointment after appointment shows a lack of
professionalism.
Proven Track Record & Success
When buying a home, you should expect that your real estate agent has a proven track record and a sales history.
One big mistake that buyers make when choosing a buyers agent is not asking about their sales success. A real
estate agent who hasn’t sold a single home or only a couple is not going to have the same level of experience and
4. When Buying A Home You Should Expect Your Real Estate Agent To Be Available
knowledge as an agent who has sold fifty homes.
Make sure when buying a home, you expect that your real estate agent has a proven track record and you know what
their sales history is. When you’re interviewing prospective buyers agents, make sure you ask them about the
number of homes they have sold to buyers in the past year.
Knowledge Of The Local Real Estate Market
Real estate markets can drastically change from one town to another. It’s important that you expect your real estate
agent to have knowledge of the local real estate market that you’re looking to buy a home in.
Why is it important that your real estate agent have knowledge about the local real estate market? When it comes
time to determine how much to offer for a home, a buyers agent who has sold several homes within the local market
is going to be able to recommend a price that is likely to be more accurate than an agent who has never sold a home
in the local market.
Knowledge Of The Local Rules, Regulations, & Required Documents
Just like the market values can drastically change from one town to another, the local rules, regulations, and
documents can as well. When buying a home, you should expect your real estate agent has a strong knowledge of
the local rules, regulations, and various documents that maybe required.
If you’re going to be purchasing a condo, it becomes even more important that you expect your real estate agent has
a strong understanding of homeowner associations. There are many differences between purchasing a single family
residence and a condo. First and foremost, the purchase contract is different for purchasing a condo. It’s also
important that your real estate agent has experience helping buyers purchase a piece of real estate that is part of a
HOA.
Availability
Buying a home, as mentioned
above, takes time and devotion to
have a successful and enjoyable
experience. When buying a home,
you must be ready to make yourself
available when you’re not working.
This being said, you should also
expect that your real estate agent is
available to devote time to you, even
if it’s not during the most convenient
times.
One of the best aspects of being a
real estate agent is the ability to
have a flexible schedule. One of the
biggest things that people who are
thinking about getting their real
estate license fail to think about is
that with a flexible schedule often
means that the hours that potentially
can be worked are long and often
odd times.
5. If the only time you’re available to
look at prospective homes is after
7:00 PM on weekdays or weekends,
than you should expect that your real
estate agent is going to make time to
show you prospective homes. If
time and time again you’re
requesting to see a property at 7:00
PM on a weeknight and your real
estate professional is always making
up excuses, you may want to
reconsider whether they are the best
fit for your home search.
Strong Negotiator & Reputation
When buying a home, you should
expect that your real estate agent is
a strong negotiator as well as they
have a strong reputation with their
fellow real estate professionals. A
top producing buyers agent will
advocate for their buyer until they
are blue in the face. It’s important
that to obtain the best possible price
they have are able to be strong but
not overly pushy or aggressive with
the sellers real estate agent.
It’s also extremely important that you
expect your real estate agent has a
good reputation with other real
estate agents. A real estate agent
who is known to be difficult to work
with on transactions or who is lazy is
a great way to have a purchase offer
rejected. Believe it or not, if a seller
is looking at two comparable offers,
the reputation of the buyers agent
can play a big role in which offer wins!
Final Thoughts
Since buying a home requires lots of patience, dedication, and persistence, it’s important that you have a top notch
buyers agent in your corner. There are certain things you should absolutely expect from your real estate agent when
buying a home, many of which are listed above. By having a top producing buyers agent in your corner, you’ve given
yourself a huge advantage over other home buyers.
Other Top Home Buying Resources
The Ultimate Guide To Buying A Home via Raleigh Realty