Choosing a Real Estate Agent Q&A

DO I REALLY NEED A REAL ESTATE AGENT?

You do not need to use a Real Estate Agent, but it is highly recommended. Using the right agent can greatly help you overachieve in getting your housing goals accomplished. Especially if its your first time buying or selling, using a VA loan, and you want to sell/buy at the right price. Below is a list of how using a Realtor can be beneficial:

  • Local market experience and Knowledge

  • Negotiation Expertise (Especially with Realtors with more years in the game)

  • Access to the MLS and the hundreds of different websites used to market your home

  • Handling of the paperwork and legal protections

  • Organization of the timeframes involved with your transaction

  • Networking and Resources


HOW TO REAL ESTATE AGENTS GET PAID?


Real Estate Agents are generally paid a negotiated percentage of the home sale. The standard percentage usually varies between 5% - 6%. The Commission/realtor payment is then commonly split evenly between buyer and sellers respective brokerages.

CAN I NEGOTIATE RELATOR COMMISSION?


Yes, as a seller or a buyer you should speak with your respective agent or with myself on how much commission will be charged but it is negotiable.

WHAT DOES A BUYER’S AGENT DO?


A buyer’s agent solely works for the buyer, not the seller. They keep your best interest at heart in regards to finding the home, negotiating the deal best suited and in compliance with you, and making sure your timelines are met to keep the contract valid and not in breach of any of the terms agreed to.

HOW DO I CHOOSE A GOOD REAL ESTATE AGENT?


Most people tend to pick the first Real Estate Agent they interview. I would say that is a mistake as most people tend to not do their background checks on the agents past work. Below is a common practice on how to evaluate and find the best Real Estate Agent for you:

  • Look for experience and local knowledge

  • Check the Zillow profiles of the agent and ask about their track record

  • Assess communication skills. Good agents are responsive, clear, and pro active

  • Ask about fees and commissions up front with them

  • Interview multiple agents

  • Understand how they are going to market and be that resource for you

  • Always trust your gut