A Huge Financial Transaction
Buying a home is very likely the largest financial decision you will ever make. Don’t you want the most knowledgeable and skillful advisor that you can find on your side? You have to identify the right opportunities and wade though the legal process of buying a home. The right buyer’s agent can help make your home buying dreams come true. TopAgent2000 analyzes stistical data and to the best buyer’s agents in your neighborhood. Since agents cannot pay to be listed in our network, our service is 100% unbiased
TopAgent2000 will connect you with agents who have the right amount of expertise in the neighborhood. Your agent will have local market expertise and be able to provide date on:
- Quality of school districts
- Crime and safety
- Most desirable neighborhoods/streets
- Recent price trends
- Access to exclusive pocket listings
The agents we recommend on HomeLight typically can save you thousands on your home purchase. These agents will be experts in your price point and understand how to gather comparables in your neighborhood, arming you with essential data for negotiation. Our matching engine is able to assess negotiation skill by evaluating factors such as listing price, actual selling price, neighborhood price trends, and more.
Top Questions to Ask a Buyers Agent
We suggest that you interview at least 2 agents before settling on your final decision. Below are a recommended list of questions to ask any agent before engaging with them:
- What homes have you sold in the neighborhood in the last 3 months?
It’s not just important to have an agent with experience in the area you want to buy, but since market conditions change frequently, you should verify that they have recent local experience as well. A knowledgeable agent will have deep comprehension of topics like available schools, health care, desirable streets, and more.
- Is this your full-time job?
Some individuals treat real estate as a side job. Often times they may not be available when you need them or have limited experience. When possible, it is best to select a full-time real estate agent to assist you with your home purchase search.
- What are your complete real estate credentials?
At a minimum, your real estate agent should have active ABR (Accredited Buyer Representatives) and CBR (Certified Buyer Representatives) licenses. Additional certifications or degrees like an MBA, JD, CFA, or CPA are a plus, as they demonstrate competence in dealing with complex transactions.
- Will they guarantee letting you out of a contract if the relationship isn’t working?
In few cases, the buyer and the real estate agent cannot coexist based on personality or philosophical differences. In these rare events, you should feel comfortable that your real estate agent will let you out of your contract immediately and allow you to pursue a relationship with another buyer’s agent in the area.
- What are your fees and how do you get paid?
In most cases, real estate agent fees are paid by the seller of the home. You, as the home buyer, will most likely not have to pay anything out of pocket. It is still wise to understand what the buyer’s agent’s fees are and how they expect to be paid. This will prevent any potential confusion that may arise once your transaction has successfully been completed.
- Are you an exclusive buyer’s agent?
There are generally three types of buyer’s agents: non-exclusive, designated, and exclusive. Your best bet typically is to work with an exclusive buyer’s agent, as they will be prevented from taking on seller’s listings, therefore reducing any chance for a conflict of interest.
- Can you give me references I can contact of your last 3-5 home purchases?
All good buyer’s agents should be more than willing to provide contact information of the last 5 individuals who they assisted in purchasing a home. If an agent hesitates in providing this information, then approach the relationship with caution.
What You Should Expect out of A Great Buyers Agent
The top buyer’s agents don’t just bring you to homes you could have already found on top home search websites, they maximize your chances of finding the perfect home while staying within your desired budget. Use this checklist to ensure that your buying agent is doing their job:
- Brings recent knowledge and experience to help you navigate local market characteristics
- Acts as an evangelist and strategic advisor for you through the home buying process
- Prepares all required documentation and written offers
- Provides contacts with high quality home inspectors, title companies and other home services professionals
- Reviews various financing options
- Actively negotiates pricing on behalf of buyer
- Helps ensure the loan closes successfully