Choosing the right real estate agent is a critical step in the home buying or selling process. Finding a good real estate agent who is familiar with the local real estate market and has a history of successful real estate transactions is crucial to a successful transaction. If you’re wondering how to find a real estate agent, read on for more information.
Understanding Real Estate Professionals
The contrast between a real estate agent and a broker
An important distinction is the difference between a real estate agent and a real estate broker. A real estate agent is a professional who is licensed to conduct real estate transactions, while a broker is someone who has undergone further training and is authorized to manage a real estate business or brokerage and supervise real estate agents.
The distinction between a realtor and a real estate agent
The terms "realtor" and "real estate agent" are often used interchangeably, but they are not exactly the same. A realtor is a real estate agent who is a member of the National Association of Realtors and abides by its strict code of ethics.
The role of a real estate agent
A real estate agent's role is multifaceted. They act as intermediaries between buyers and sellers in a real estate transaction, providing guidance, conducting negotiations, and helping with the complex paperwork involved in buying or selling a home.
Essential Questions for Estate Agents
Investigating the estate agent's past performance
Before you choose a real estate agent, it's crucial to ask about their experience. An experienced agent will have a proven track record of successful transactions and a thorough understanding of the local market.
Clarifying who will be your point of contact
When hiring an agent, ask whether you will work directly with them or with an assistant. While assistants can be helpful, it's often best to have a direct line of communication with the agent handling your transaction.
Understanding the agent's compensation
It's important to discuss how much money the real estate agent will earn from your transaction. Most real estate agents earn a commission, typically a percentage of the home's selling price.
Checking client testimonials
Do prior clients speak highly of them? Reviews and testimonials can provide valuable insights into an agent's professionalism, market knowledge, and customer service.
Guidelines for Buyers in Selecting a Real Estate Agent
Securing a property within your budget
Ask prospective agents how they will assist you in finding a house within your budget. A good agent will have a deep understanding of the local real estate market and be able to guide you toward properties that suit your financial needs.
Negotiating a favorable deal
A major advantage of working with an experienced real estate agent is their ability to negotiate on your behalf. Ask potential agents about their negotiation strategies and how they can help you secure a favorable deal.
Anticipating challenges in the current market
Inquire about the potential obstacles in today's real estate market. The right real estate agent will provide insights into current market trends and prepare you for any challenges you may encounter.
Guidelines for Sellers in Selecting an Estate Agent
Determining an appropriate listing price
Ask prospective agents what price they suggest you list your home and why. A good real estate agent will consider factors such as your home's condition, recent sales in your area, and current market conditions when recommending a listing price.
Boosting home value through improvements
Inquire about which home improvement projects could potentially increase your home's value. Experienced agents can often provide useful advice on upgrades that will deliver a return on investment.
Marketing your home effectively
Ask how the agent plans to market your home. An agent's online presence, marketing strategies, and network can significantly influence how quickly your home sells and the price it fetches.
Get to Know The Wagner Group
The Wagner Group has been a stalwart in the real estate industry since its inception in 1930. Throughout the decades, the Group has effectively guided countless home buyers and sellers through fluctuating real estate landscapes. Being a 4th generation family-run business, it prides itself on its team of 30 skilled agents who excel in their field.
In addition to managing property transactions, they provide advice and contractor recommendations. Their passion for real estate gives them a distinctive edge when serving their clients. If you're looking to buy or sell a home or have any questions about the Havertown, PA, real estate market, contact
The Wagner Group today.
