How to find a real estate agent

Whether you’re in the midst of buying or selling a home, choosing a reliable real estate agent is a critical decision. Their impact is substantial, as they can either enhance or impede your experience in the real estate market. It’s essential to engage an agent who approaches their role with expertise and professionalism, ensuring the process is managed effectively.

A real estate agent is a licensed professional who acts as an intermediary between property buyers and sellers. They assist clients in purchasing, selling, or renting residential or commercial properties, leveraging their deep understanding of local real estate markets, property values, and current trends. Their responsibilities include marketing properties, arranging viewings, negotiating contracts, drafting agreements, and guiding clients through the entire transaction process.

Typically operating under the supervision of a licensed real estate broker, agents earn commissions based on a percentage of the property’s sale price for the services they provide.

Get Pre-Sanction letter for Home Loan from Bank

Securing a home loan preapproval accelerates the home-buying process. With a letter from your lender indicating the approved loan amount, you can demonstrate to sellers your genuine interest and financial capability. This assures the seller that you are a serious buyer who can genuinely afford their property. A pre-sanction letter for a home loan from a bank is an official document issued to a prospective borrower before they formally apply for the loan. It signifies the bank’s preliminary approval to extend a loan based on an initial assessment of the borrower’s financial credentials and creditworthiness.

Ask friends and family for Agent referrals

Leveraging personal referrals is an excellent method for discovering local agents. According to a survey, over a third of buyers opt for agents recommended by friends or family members. Additionally, the survey revealed that a majority of buyers express willingness to engage their real estate agent again or recommend them to others. Inquire within your network to identify individuals who have had positive experiences in buying or selling a home.

What Does a Real Estate Agent Do?

A real estate agent is a licensed professional under MahaRERA (Maharashtra Real Estate Regulatory Authority) who can assist you in purchasing or selling a home. A proficient real estate agent is recognized as a “local expert,” possessing in-depth knowledge of neighborhoods, property values, and specific local considerations. They should excel in negotiation skills, enabling them to secure favorable deals on your behalf.

In the context of home buying, a real estate agent acts as a “buyer’s agent.” Their responsibilities include helping you search for properties, presenting offers, negotiating terms with sellers, and navigating you through the closing procedures.

Real Estate Broker vs. Realtor vs. Real Estate Agent

We aren’t offering guidance on finding a realtor because not all real estate agents are actually REALTORS, despite the common use of the term “realtor” to refer to any agent. REALTORS are agents who are members of the National Association of REALTORS (NAR), a professional organization that provides additional training and tools to enhance their skills. However, if your agent isn’t a REALTOR, there’s no cause for concern. All real estate agents, whether they are affiliated with NAR or not, must undergo a state licensing process. This process includes completing coursework and passing a rigorous exam to legally assist clients in buying or selling homes.

Real Estate Agent Responsibilities

• Assist buyers in comprehending the nuances of the local housing market
• Schedule appointments for home tours and, if required, accompany buyers to these visits
• Aid buyers in assessing the price and value of a home before initiating an offer
• Clarify the standard offer form and offer guidance on requesting contingencies
• Suggest reliable home inspectors for the inspection process
• Engage in effective communication with the selling agent and other involved parties to ensure a smooth progression of the home purchase

Steps To Take Before Hiring a Estate Agent

• Get home loan pre-sanction letter from Bank
• Understand Home Loan Process
• List your housing requirements

Where to find a Real Estate Agent?

• Your personal network
• Online Research
• Official referral sources
• Contact a referral agent

Interview at least three Real Estate Agents

It is recommended to interview at least three real estate agents before making a decision.

Real Estate Agent Selection Criteria

• Experience and Trainings
• Relevant Certifications
• Agent’s Local Knowledge
• Personal Attention
• Commitment and Contracts
• Marketing and Technical Skills of Agent
• Agent’s Availability

Questions To Ask a Real Estate Agent

• How much experience do you have?
• Are you certified and do you have a real estate MahaRERA license?
• How much will the agent be paid?
• How do you like to work?

Conclusion

In a demanding housing market, such as the current scenario with low inventory and high prices limiting buying options, having a reliable agent can make a substantial difference. By following the steps outlined above to identify the ideal real estate agent for your needs, you can embark on a journey with a trusted professional to find the right home at the right price. To find a real estate agent, start by seeking referrals from friends, family, or colleagues, and utilize online resources like real estate websites and social media. Attend open houses and visit local real estate offices to meet agents in person. Verify their credentials with state licensing boards and interview multiple agents to assess their expertise and compatibility with your needs. Additionally, check references from past clients to ensure their professionalism and effectiveness. By following these steps, you can find a trustworthy agent to assist you with your property transactions.

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