Questions to Ask a Realtor
Buying a home is one of the most important financial transactions you will participate in. Here are a series of questions you are encouraged to ask your realtor. Know something about the realtor's qualifications before you buy or sell a house. When you interview a prospective realtor, make sure you know the following:
- How many buyers have you represented
in the last six months? Would you provide me with their names and telephone numbers for references?- How long have you been a realtor in Rochester area?
- Prior to making an offer on a home, will you provide me with comparable sales that include market times and sale prices?
- Who pays your fees?
- How will you keep me informed of any new listings that come on the market?
- How often will you check for new listings for me? Once a day, twice a day, once a week?
- Will you show us For Sale By Owners and Foreclosed homes?
- Do you provide a written guarantee that states that I can cancel the buyer representation agreement if I am not satisfied with your services? NO QUESTIONS ASKED!
- How long do I have to sign a buyer's agreement for?
- What education classes have you taken in buyer representation? Do you have the National Association of Realtor Accreditation ABR (Accredited Buyer Representation) and CRS (Certified Residential Specialist)?
- What price range are most of your sales in?
- Will you show us all homes for sale, not just your companies?
- What are the different financing options that will be best for our situation?
- Will you review my financial options with me?
- Will you show us new homes as well as existing ones?
- Do you get paid more if you sell your company's listings to me? Don't you feel this is a conflict of interest?
- How many years have you been in the real estate business?
- How many homes did you sell in the last full year? How many have you sold this year?
- Where does your company rank among other companies in the area?
- What contacting systems do you have in place to make it easy for me to contact you in an emergency?
- Do my calls get returned in a timely manner?
- Do you have a personal assistant to make sure no details are overlooked?
- What part of your business is referred to you from past clients?
- Is selling real estate your only job?
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