Mark G. Estates asked:


Whenever you buy or sell real estate, you may be like millions of other people out there, in thinking that you don’t need a real estate agent. Most people who buy or sell homes, generally think that a real estate agent is a waste of money. Those who choose to buy a new home, think that real estate agents only add to the cost of purchasing the home.

What most people aren’t aware of, is the fact that real estate agents are normally paid by the seller, not by the buyer. As a buyer, you’ll get to work with a professional real estate agent without really having to pay for it yourself. The policies can vary greatly from state to state and company to company, which is why you should always check any paperwork or contracts that are provided to you to ensure this is the case. When you are interviewing agents, make certain to ask about any type of fees as well.

A lot of real estate agents out there may work with both buyers and sellers, although most specialize in working with either the buyer or the seller. If you are buying a home, make sure that the agent you choose has prior experience of working with buyers and transactions that involve no money down. This way, you can count on your agent to be there when you need him the most – especially if you don’t have a down payment.

If you are interviewing a real estate agent and he or she isn’t familiar with down payment assistance programs, you shouldn’t hire their services. Agents who aren’t familiar with these types of programs generally aren’t on the level, or they may lack the experience necessary to help you purchase the home of your dreams.

You can also make a list of real estate agents that you can interview based on referrals from friends, lenders, and even family. Lender referrals are normally a great choice as most lenders have worked with their recommendations in the past and both are already familiar with each other. Choosing a lenders referral can also prevent you from encountering any obstacles or surprises.

When you interview a real estate agent, make sure that you have the agent explain his fees. This way, you’ll know exactly how much he will be getting from the purchase. You should also find out how much experience he has in the field, and how long he has been working with real estate. You can also ask about sample contracts as well. If you are buying a home, you should make sure that the agent works with buyers. If you happen to be selling your home, then you’ll want to make sure that the agent works with sellers. Agents that are dedicated to one or the other are the best to choose, as they will have more experience than agents who work with both buyers and sellers.

Find a real estate agent is an easy task – providing you know what to look for. If you take things one step at a time and carefully make a decision, chances are that you’ll end up with an agent who has the experience you want. You should always be careful when you choose, and never rush the process. Real estate agents are easy to find, although finding one who fits your needs and has your budget in mind is a little tougher to locate. When you make that final decision, you should always choose an agent who has your best interest in mind – and isn’t just after the money.



Clifford

bbchase81 asked:


I can get a $1,000 referral by saying a friend referred me (he is suppose to get the money but he is giving it to me cause he’s a friend…). But, would the real estate agent be able to give me a better price on the overall home? Should the real estate agents price override that $1,000 cash? How do I get the best deal?

Thanks.
FYI, the $1,000 is for community members to refer their friends (my friend is not a real estate agent).

EXCELLENT point on the real estate agent…they get 6% around here and the house I’m thinking of costs $118,000. I could “save” them almost $8,000 by going at it alone.

Bruce

silver wings asked:


My real estate agent suggested a couple of mortgage companies, do these get referral percentages off that if we use them? If yes is this legal?

Lois

Zoonie asked:


I am recently unemployed with 25 years of administrative, marketing and sales experience. A little over a year ago, I recently earned my real estate license. I attempted to sell real estate while holding down my full time job. (I had to pay the bills!) But, I went into the red almost immediately with desk fees, etc. I need more training in order to sell real estate. I don’t want to throw any more money away, if there is no future for me in selling real estate. I need to work for 20 more years. I’m wondering if we are in a time when real estate agents are going to be phased out? I have changed companies and put my license in referral. I believe it will cost me another $250.00 to take a two week course to get going again. I need some advice.

Joann