The Truth about Real Estate Agents

from daveramsey.com on 26 Feb 2008
 

Myth: Most agents are the same. Just pick the one that charges the lowest commission.
Truth: Not all agents are equal. Don't let commission be the deciding factor when choosing an agent.

When you hire a real estate agent, you expect the agent to be a professional, right?

Of course!

Anyone buying or selling a piece of real estate wants an expert agent who has undergone specific training, gained knowledge and experience and is going to work hard.

The truth is many real estate agents got their certifications with a minimum amount of training in the hopes of making a quick buck. In fact, there are some states where an agent can qualify to sell homes in as little as 48 hours! Many real estate agents don't have a grasp on the industry at all, let alone keeping up with the changes in the local and federal laws.

But there is good news.

There really are good agents out there.

What to look for in an agent

Look for an agent who has sold a large number of houses in your area. These agents obviously know the ins and outs of real estate in your area and are successful. Be sure to interview agents that sell abnormally large numbers of homes. If done well, large teams can mean better service; but if not done well, you can fall through the cracks.

Make sure the agent has worked full time in real estate for many years. In real estate, experience is very important. You want an agent who's been around long enough to experience the ups and downs of the industry. You don't want an agent that is only used to selling houses in a seller's market.

Make sure the agent is known for great customer service, those who actually do the work and give personalized service. This means that the agent should put your needs above the almighty dollar, stay in touch and explain everything to you in a way you understand, and is willing to work with all price ranges.

Once you have picked out a few agents whom you like, set up interviews with each of them. Ask them lots of questions so you can find out if they meet the above requirements.

By taking the time to find the best agent for you, you're sure to find one who can sell your house in very little time, for little hassle, and for the most money.

Looking for a good agent? Find a local agent now who meets these important standards.

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