Evaluating a Real Estate Agency When Buying a Home

Because of the Internet, agents are losing their exclusive access to available properties. But their knowledge of the business, the local housing market and professional contacts can be invaluable.

If you are going to use a real estate agent, look for someone who does it as a full-time occupation and is, therefore, more knowledgeable about the market. Even more important than their experience is your sense of their honesty and integrity. Since agents work for a commission and have an incentive to sell you a home as quickly as possible, only those who are dedicated to understanding your needs and helping you find what you want will be assets.

Shop for a real estate agent who will search for suitable properties, represent your interests and negotiate on your behalf. A buyer's representative can evaluate the properties you view, do a market analysis to determine its value in the marketplace, select an appropriate price to begin negotiations and advise you in writing the contract.

It is possible that you will spend a fair amount of time with your real estate broker. This is why it's important to choose an agent you feel comfortable with, and one who is responsive to your needs. What do you look for in a Realtor®? Here a just a few things to consider:

Do they return your phone calls promptly and professionally?
Do they ask you questions to determine your specific needs?
Do they explain things clearly?
Do they seem knowledgeable about the market?
Do you feel comfortable spending time with them?

There are many realtors out there today, how do you find an agent that is reputable and that you can feel comfortable with?

Get referrals from neighbors, friends and colleagues (including your lawyer or financial advisor).
Interview an agent before you choose him / her. Be sure to ask the right questions.
If you're relocating to a new city or state, ask a local agent you trust to recommend an agent in the area where you'll be looking.