When it’s time to buy a home, it’s also time to select a buyer’s agent to represent your interests in the all-important transaction. But how do you choose one? Here are some of the most significant questions to consider when interviewing your Buyer’s Representative.
How long have you been a Real Estate Agent? What real estate designations or credentials do you hold?
Can you share the name and contact details for three past buyer-clients who can provide references?
Please explain what representation choices I have as a buyer. What is meant by fiduciary duties? Do you practice dual representation?
Please explain how you will assist me at each stage of the transaction. Do you have a written buyer representation agreement that details our obligations to each other?
If I hire you as my agent, will I be subject to any additional costs in my transaction?
Do you have full access to the Multiple Listing Service (MLS)? Will you try to find suitable properties beyond the MLS?
Will you handle all aspects of my transaction or will I be working with assistants? Who will be explaining the various forms, agreements, and steps required to reach closing?
Will you counsel me on a negotiating strategy and appropriate contingencies? How will you package my offer to the seller?
Will you provide guidance on affordability, mortgage options and how to choose a lender? Why should I consider becoming pre-qualified for a mortgage?
Can you provide referrals to providers of other service related to my transaction, including home inspectors, surveyors, movers, etc.?