3 Questions To Ask Before Hiring A Real Estate Buyer Agent

3 Questions To Ask Before Hiring A Real Estate Buyer Agent

3 Questions to Ask Before Hiring a Real Estate Buyer Agent

On the listing side, although imperfect, at least there are some tangible metrics like percentage of sale to list price, days on market, and percentage of their listings that actually sell (you’d be surprised by that one) that you can measure agents by.  And properly acquiring a listing requires analysis, accurate pricing, presenting and implementing a marketing plan, and eventually selling a unit.  But it’s not as easy on the buyer side to select a great buyer agent.  What you can and should do, is sit down with a buyer agent and interview them to make sure their service is a good fit for your needs. Here are 3 great questions to get you started with a quality interview.

1. Do you work full time? How many buyers did you represent in transactions the past year?

The only answer to part one is, “Yes. Full Time.”  For part two, a good buyer agents should be doing at least 12 buyer representation transactions in the past year.

2. Do you also represent sellers or do you only work with buyers?

You want a buyer agent who specializes in representing buyers. Transactions are too complex and involved to effectively represent both types of clients. There are simply not enough hours in the day if an agent has to . The best buyer agents are part of a team that have specialists who work with sellers, specialists who manage the transactions, specialists who handle marketing, and so on so they have exposure to that side of the market for knowledge and experience, but their time should be devoted to representing buyers.

3. Are you part of a team? Who else will be working with me?

The best buyer agents have the support of a team with excellent structure and organization. Specialists on a team who focus on a single role and do it very well lead to better service for you. Be sure the lines of communication are well established. Your expectations should be set with who will be your main contact point with what other agents on the team that you may interact with, like transaction coordinators, and client care specialists. You want a team with an excellent reputation and demonstrated expertise in the real estate field. That being said, there are a few good “lone wolf ” agents out there, but they are few and far between.

One last thing….if a buyer agent doesn’t ask you to meet with them for an initial consultation before looking at properties. RUN.

Oggie Penev Realty Advisors Headshot
Phone: 602-405-8156
Dated: February 26th 2016
Views: 2,968
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1 Response

  1. Cheryl

    Do you have rental property in this area.


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