Whether you are buying or selling, a real estate agent is an invaluable asset. They’re the quarterback in football, the point guard in basketball, and so on. They are the ones who do the dirty work of getting you into your dream home or helping you turn a major profit on your home sale.
If you’re on the fence about hiring a real estate agent, don’t worry, you’re not alone. Many buyers and sellers don’t know whether they should work with an experienced agent or try their own hand in the real estate market.
This guide will help you understand some of the benefits of hiring a real estate agent as a home buyer or seller.
Top FAQs About Hiring a Real Estate Agent
Do you pay a real estate agent if you are the buyer?
When buying a home, in most cases, you do not need to worry about paying any real estate commission fees. Typically, real estate agents charge a percentage of the money that is made from the sale of the home.
While this may differ from agent to agent, standard practice dictates that the seller pays the commission to the real estate agent. After the home sells, the buyer is then responsible for paying both the buyer’s and seller’s agent’s commission fees as part of the closing costs.
Why should you hire a real estate agent?
Hiring a real estate agent has countless benefits whether you are buying or selling a home. To begin with, they can provide you with knowledge about the local market and how it’ll affect your real estate transaction. The agent is also obligated to work in your best interests to ensure you get the most out of your real estate transaction.
They’ll know what the house down the street was listed for and how low they had to come down before it sold. Not only this but when selling your home, you stand to gain a bigger profit when using an agent. According to data from the National Association of Realtors (NAR), homes listed as For Sale By Owner typically sell for about 30% less than those sold by agents.
Real estate agents can help prospective home buyers narrow down their choices of homes by neighborhood, budget, school district, and more. They work to find you a home that suits your needs and help you close on it.
How do I find a good real estate agent?
Finding the right real estate agent for you is easier said than done. It may be the agent with the most experienced brokerage or the newbie down the street. You can start by researching the top-rated real estate companies in your area and seeing what their individual profiles look like.
Don’t be too harsh when ruling out new agents, as fewer clients may mean they will have more time to spend with you. Go through client comments and reviews to find proof of previous happy buyers and sellers. An agent with a reputation for providing excellent service is a great option.
Another way to find your real estate match made in heaven is to look for open houses in your area and pay them a visit. Make it a point to carefully observe the agent and see how they are presenting the home and interacting with clients. This can give you insight into how they will deal with prospective buyers when it comes to your home.
Do you pay a realtor when renting?
You will need to pay a realtor when renting if they find you the apartment or the renter if you are a landlord. The commission costs will vary from realtor to realtor, however, the cost is negotiable.
What should a realtor look for in a house?
When a realtor is looking for the perfect house for a client, they will work to find a home that matches all or most of the client’s needs. For example, if a family of five is shopping for a house, the realtor certainly would not show them two-bedroom homes in a neighborhood with schools that leave much to be desired.
They should have sufficient knowledge of the area and be able to fit your criteria and price range. Along with this, the agent should be involved in the home inspection. They should have knowledge of the best home inspectors in the area and be able to match their clients with these.
If there are any specific requests made to the agent by the buyer, such as concerns about safety or accessibility, the agent should take these into account when providing them with possibilities for homes.
Clever Partner Agents work hard to get you into your dream home as a home buyer or make a good profit as a home seller. Partner Agents are experienced local agents who will help to ensure that your real estate transaction is one for the history books.
Home buyers can look forward to a Home Buyer Rebate of $1,000 or 1% of their home’s sale price if it sells for $500,000 or more in 40 states.
Sellers can save money on real estate agent commission fees by working with a Clever Partner Agent for a flat-fee of just $3,000 or 1% of your home’s sale price if it sells for $350,000 or more.
Connect with Clever to get started on your real estate transaction.