Written by Nicole Slade   |   Posted on   |   51 views

Initial Questions to Ask A REALTOR®:

How long have you been a REALTOR®?

  • This seems obvious, but it’s an important question. With experience comes knowledge. The longer an agent has been working in this industry, the more things they’ve seen and handled, so they’re well-seasoned in anything that comes up during your transaction.

Do you have a list of referrals?

  • If you haven’t been referred to this agent by a friend or family, it’s perfectly acceptable to ask for referrals from their past clients.  
  • Be sure to check their ratings on Google, Facebook and other sites like Rate My Agent to get a sense of what people are saying about their experiences.

What’s the best way to contact you?

  • Are you someone who prefers to text? Email? Phone call? Get an agent that communicates in the same way so you can reach them quickly if something comes up.
  • Are they available at all hours? Only on certain days? Check that this agent is willing to work with your schedule. Imagine a GREAT house comes on the market, but your agent can’t show it to you for a couple of weeks.  Will that be ok with you?

Who is in your network?

  • Does your agent have a wealth of contacts within the industry? Lawyers, contractors, inspectors, mortgage providers, etc.
  • If they are a strong networker with these service providers, chances are they’re more experienced and not just doing real estate as their “hobby”.

 

Questions to ask if your Buying a Home:

How quickly can you show me homes I’m interested in?

  • When the market is hot, the sooner you can see a house, the better. Will your agent make themselves available any day of the week?
  • Will your agent provide you with regularly updated lists of houses that meet your criteria?
  • Are they actively going to search for properties that will be of interest to you?
  • Will they make suggestions of different neighbourhoods that you might not have considered?

How long do you usually take to find a home for your clients?

  • Is your agent ready to work with you for as long as it takes to find the home you adore? Or will they pressure you into something just to make a quick sale?
  • How long has it taken them, in this current market, to find something great – from the initial meeting until closing day?

 

What’s happening in our area with home prices & interest rates?

  • Your agent should be quite familiar with the current mortgage interest rates and forecasted projections.
  • Your agent should also be well aware of what’s been selling in the neighbourhood you’re interested in, and for how much. Is it a buyer’s market? A seller’s market? How much inventory is out there to choose from?

How will you negotiate the best price for me?

  • In competitive markets, it’s important for your offer to stand out against others.  How will this REALTOR® help you create a strong offer, while still negotiating a fair price for the property you want?
  • What preparations would they suggest before making a firm offer on a home?  EG. getting pre-approved for a mortgage, having a home inspection done, etc.

What mistakes would you help me avoid when making this home purchase?

  • Will your real estate agent help you see past small cosmetic imperfections in order to get an overall fabulous property at the best price?
  • Will your agent recommend walking away if the deal isn’t going your way?  Having an agent that will give it to you straight is incredibly important.
  • Will they keep your best interests at heart, ensuring all legalities are covered and you’re confident in your purchase?

*All information provided by the Brantford Regional Real Estate Association (BRREA) and ITSO for the highest number of completed transactions since January 1, 2015. All Brantford MLS® House Listings come from the various systems operated by Real Estate Boards and Associations across Canada. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used underlicense. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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