Step 4: Selecting A Real Estate Agent/Broker
There are many ways by which buyers can view real estate properties. One of the most popular way is to seek services of one or more real-estate agent or agents. You do not directly pay for their services as most of the real-estate agents are, so-called, Seller's agents unless otherwise specified. That is, the real-estate agent gets a commission from the sale of the property where the commission is paid by the sellers. Generally, this commission also figures into the financial calculations & settlement at the time of closing. Therefore it is important that you choose a real-estate agent/broker who is able to understand your needs, make recommendations and is willing to show you real-estate until you find the one that you want to buy. Some of the criteria that you may consider while selecting a real-estate agent:
- Knowledge of Local Area: Choose an agent who is knowledgeable about the local area. As you will find out, information about the town/city, the local community, and the various neighborhoods is very relevant to your quest for the perfect home.
- Price Range: Choose an agent who specializes in houses that are within your price range.
- Business details: Number of years in business, number of agents in a Broker's office, whether they have connection to Internet/World Wide Web that enables you to visually see homes on a computer so that you can identify the ones you want to visit and not spend time on those that do not fit your requirements.
- Buyer's Agent: This is a relatively new concept where the Buyer may hire an agent who technically works as the buyer's agent. This eliminates the conflict of interest that may arise in seeking services from a Seller's agent. Buyer's are responsible for compensating their Agent for services rendered.
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Select Real Estate Companies and Agents on Internet / World Wide Web