Our in depth interview from that buyer actually made me think about a lot of ways we can improve our business. We ended up getting the buyer and beating out one of the top agents in our area. :) They said the top agent seemed cocky, rude, and was semi-offensive about their first time home buyer ignorance.
For example, if you ask an agent how many listings they have and it seems like alot - does that mean they are too busy to really give you the attention you need ? Or that they are going to know about things that come up before they hit the market that might be perfect for you and you get to see first ? Or they have none at all, but because of that are committed to spending every minute they have finding you something ?
The newbie Realtor with alot of heart and enthusiasm can be as good as the seasoned veteran in many cases. A newer agent might have more energy to take you 40-50 properties but they won't know the laws and process as well. A seasoned agent not give you the attention you need because they are busier and spread thin ? Or they or so good with a system in place they can avoid you seeing that many properties because they know what you want! But what if *YOU* need to see that many because you haven't figured out what you want yet.
It depends on what you are looking for in an agent and how loaded those questions are. There are many questions you can ask, but the answer isn't necessarily black and white.
What if you interview someone that answers everything well, but you just don't click with them ? I personally think the most important thing is your connection with the person. Do they know how to listen and understand what you are looking for. Some of that comes from personality, some from experience. But you can have experience but a terrible personality? I would suggest going to open houses and simply talking to different agents informally. Do they seem knowledgeable ? Do they seem like someone you wouldn't mind spending many long afternoons with ?
I agree with Dale that you should not make part of the 'interview' process having them show you properties. That is wasting the time off all those involved.
Are you a buyer's agent? If yes, what experience have you had as a Buyer's Agent?
What specific training do you have as a buyer's agent?
Does your office have ongoing sales meetings on ways to benefit buyer clients?
How long have you worked on the buyer's side?
How long did you work on the seller's side?
Do you also list houses for sale?
Do agents in your office list homes for sale? If yes, how do you plan on keeping my information separate from seller's agents in your office? Do you have a private office? Private phone service?
Do you have regular office meetings to discuss the market and techniques in real estate? If yes, do your sales meetings focus on ways to get the best price and terms for sellers, for buyers or for both?
Will you sign a guarantee that you represent my interests exclusively and not attempt to sell houses you or your partner list?
What geographical areas are you most knowledgeable about?
Do you have full access to the area Multiple Listing Service (MLS)?
What is your fee structure? Will you give that to me, in writing?
Who pays your commission?
Will you make decisions about what homes to show me without regard to co-fees offered to cooperating agents on MLS listings?
How many homes are you prepared to show me?
I've attached a link below to a fairly recent blog I posted here on Trulia on how to find a great agent,
I wish you good luck and happy house hunting.
1) The paperwork involved in this process is extremely complicated, having stated this It is important that a Realtor be â€œpracticed at our tradeâ€ pick a RealtorÂ® which has completed 15+ transactions the previous year
2) Interview 3-5 full time RealtorsÂ® (very few part-time agents have the same skills as a person who works Real Estate on a full time basis)
3) Do a basic back ground check on your RealtorÂ® use a site like PIPL or just goggle their name, this usually turns up items such as lawsuits, bankruptcies or other items which you feel might interfere or conflict with a RealtorÂ® representing your best interest. Ps: this does not work for a John Smith
4) Once you have interviewed your potential RealtorsÂ® and if you are still unsure and want a â€œtrail runâ€ sign an exclusive buyers agency for 48 hours with the RealtorÂ® and explain if all goes well in the beginning then you will be willing to commit for 1- 3 months.
5) Work with a RealtorÂ® which is local to your area. Meaning a 10-20 mile radius, they will know the schools, shopping and the growth potential of the area without having to go look it up!
Before you even start this process consider purchasing the book by Dave Ramsey â€œThe Total Money Makeoverâ€ this will provide valuable information in regard to having a successful financial life & make a prudent home purchase!
Thatâ€™s your list! Good Luck!
As long as you don't ask the agent to spend a lot of prep time before your 'interview', there shouldn't be a problem. You're going to spend a lot of time with your agent during the search, negotiation and through the closing. It's important that you can get along and respect your Realtor's expertise.
Good luck in your search!
As mentioned, this is something that typically doesn't happen but absolutely should.
You just eliminated one who was upset. Obviously that's not one that would work for either one of you.
Good luck in your search!
Matt Brown, SVP
Halstead Property New Jersey LLC
201.805.7403 (m) 201.478.6709 (o) 973.556.1361 (efax)
Not only is it customary, it is highly advisable to interview a few Agents before deciding on which to work with. As Karina mentioned, there are hundreds of agents... some part-time, some full-time, etc.
A buyer's Agent works for you, the buyer, on finding you one of the most important investments you'll ever make. It would be unwise not to interview Agents. Find one that is knowledgeable, and most importantly one you are comfortable with. Also, it is not uncommon to ask for references... any good Agent will be happy to supply you with them.
Exchange Place Office
NJAR Circle of Excellence Gold 2011
It is certainly your right to interview agents, as long as you do it properly and certainly before they start showing you property. The question is how have you conducted your interview process. If you were giving them an on the job interview such as having them show you properties as a part of the interview process then I would say that would come across as problematic to the agent and perhaps problematic for you if you later decide you like a property that you saw 3 agents ago. An interview with an agent should be to see if they come across as knowledgeable about the market you wish to purchase in, completely understand the dynamics of today's lending market, as well as their ability to guide a buyer and a transaction to closing. I would also make sure that the agent is consistently closing transactions in your desired market area. Please feel free to contact me directly if you have further questions.
2011 NJAR Gold Producer
This is a small town with many real estate offices and hundred's of agents, but not all agents and not all offices are the same.
You should speak with and meet a few agents. See how they work, what their experience level is, commitment level, office reputation, testimonials and who surrounds them. Good agents will want to interview you as well and see if you both can be a good fit together.
I think as more websites like Trulia provide information for consumers such as yourself to learn at your own pace, many more buyers will be educated and learn to meet with more than one agent before deciding who they will team up with and commit to.
I would also recommend that when the time comes you speak to 2 - 3 mortgage professionals and 2 attorney's. Your realtor will recommend vendors that they have experience with and feel confident recommending, for example the vendors that I refer, I have personally used help me buy and sell my properties.
Best of luck to you!
It's actually smart to interview Agents before deciding on one that you like. This is the biggest purchase of your life, it's important to feel comfortable in the process. Ask them about ther history, their communication style, knowledge of the area you are looking and what kind of Team they have around them (Mortgage Broker, Attorney, Home Inspector, etc) to help close.
If you have any other questions, feel free to call me. I would love to work with you.
Prime Real Estate Group