Choosing An Agent

You've put a lot of time and energy into making the decision to purchase a home, but don't stop there! Selecting an Agent to help you through the entire process from start to finish is going to be as important as determining how much home you can afford and where you want to live.

The best thing you can do when selecting your Agent, is to choose someone who has a personality that fits with your own. You will be spending a lot of time with your Agent, so liking them would be a major plus!

Consider asking the following questions when interviewing an Agent:

Are you a REALTOR?

There is a difference between a Real Estate Licensee and a REALTOR. A licensee who is a member of the National Association of Realtors, is bound by the Code of Ethics and Standards of Practice associated with the industry, and may be disciplined for violating it. They have a duty to treat all parties honestly and fairly, and have a fiduciary duty to their clients.

How does the process of purchasing a property work?

Your Agent should be able to explain the process of locating a property, placing an offer on a property, the inspection process, the financing and escrow process and more. Also inquire about what your responsibilities are during the transaction.

Can you assist in determining my purchasing power?

The financing and escrow process agent should know the generalities about lending and financing, but should not be determining your financial buying power. You should be inquiring about lending options and financing terms with a qualified, lending professional, and your Agent may assist you in locating a few for you to choose from.

How will I know what price range to look in?

After you have begun the pre-qualifying and loan application process, an Agent should be able to narrow down a price range with the proper information from your lender. You may begin narrowing your area criteria, as well as begin your "needs assessments" with your Agent at this point.

Do you have training and education?

Most states have strict laws regarding licensing and continuing education. Your Agent should be able to give you up to date information, should be committed to continuing education and should always act with professionalism. Ask if your Agent has any designations indicating a specialty in areas, such as, Graduate Reality Institute, Short Sale and other Certifications.

Can you give me any references?

Be certain that your Agent is willing to give you references, or let you contact past clients.