For most people, buying a house will be the biggest purchase they’ll ever make. It also will be their most important. They will spend most of their non-working hours in their home. They will raise their family there. And they may tie up a significant portion of their net worth there.
In other words, it’s not a purchase to be taken lightly.
Luckily, real estate agents are available to walk you through the homebuying process. From showing you potential properties through signing the closing documents, your agent will help you navigate the often unpredictable real estate market. But as the real estate industry continues to grow and more and more agents enter the field, how do you select the right one for your home purchase?
Here are a few tips to help you find the perfect real estate agent:
- Ask your friends and family for recommendations. For many agents, referrals are their bread and butter. They go out of their way to provide outstanding service not only because they want to please their current clients, but also because they know it might lead to future clients. Ask your friends and family members who represented them when they bought their house and how they felt about the experience. Be sure to ask them to share both the positives and the negatives.
- Research agents online. While about 33 percent of homebuyers find their agent through a personal referral, another 26 percent find theirs online. You might want to start with online reviews on Zillow or Redfin. If you find a negative review, don’t write the agent off immediately; instead, look to see how the agent responded. Don’t forget to look at the agent’s website, where you can find a short bio or other valuable information.
Check out credentials and certifications. Just like doctors, real estate agents often have specialties. If you want someone who specializes in the buyer’s side of a real estate transaction, you may want to limit your search to agents who have earned the Accredited Buyer’s Representative designation from the National Association of Realtors. These agents have met specific educational and work experience requirements and have proven experience representing homebuyers.
Look at agents who know the area. If you’re targeting a specific neighborhood, you may want to find an agent who has extensive experience with properties there. He or she will know about local schools, commute times, recent sale prices, and quirks that may be common with houses in that area, like older plumbing or foundation issues.
Interview your potential agents. After you’ve narrowed down your list of potential agents, set up interviews with each of them. You’re going to be spending a lot of time with your agent in the next few months, so you want to make sure you choose someone you’re comfortable working with. Ask them about their experience and specialties. Be sure to find out how many current clients they have so you can make sure they won’t be too busy to give you the attention you’ll need throughout the homebuying process.
Once you have found the right agent, the homebuying process should go smoothly. After you’ve closed on your dream home, be sure to store your mortgage documents on InsureYouKnow.org. Don’t forget to include other important paperwork like home warranties or pest inspection certificates. If any issues arise with your new home, you want to be able to access those documents and resolve them quickly.