10 questions to when interviewing a potential real estate agent.
1. How many years have you been in the business?
It's not to say that someone that doesn't have years of experience couldn't be a good candidate but they should have at least a few years under their belt to have the knowledge and know how to deal with difficult transactions if they arrive.
2.Â How many homes did you sell last year?Â
Just because an agent has been in the business for a while doesn't mean they've been successful. It's important that they are closing deals even in tough markets. The average Realtor only sells 4 houses a year. You need an above average Realtor selling at least 24 houses a year.
3. Are you a full time Realtor?Â
Having a Real Estate agent that works full time is very important. If a Realtor has to depend on another job you have to ask yourself why? Whether you're buying or selling you will grow frustrated if an agent isn't there to find or protect what is usually your greatest investment.Â REALTORSÂ® are real estate professionals who belong to the National Association of Realtors. They subscribe to a strict code of ethics and are committed to ongoing education in the real estate industry.
4. How do you communicate with your clients?Â
There is nothing worse than not being able to get a hold of your agent, with questions, for updates, and for feedback. In today's modern world of technology, there is no excuse for them not to stay in constant contact. Ask whatÂ Â plan of action they use to stay in touch with their clients.
5. What is the average number of days your listings are on the market before selling?Â What is your ratio of sales price to list price?
It is important to ask them how long it takes them on average to sell a home. Then ask them what is the average for the area you are in? They should know this information off the top of their head, or at least have the statistics readily available.
6. Do you have a specific marketing plan? May I have a copy of it?
The market swings back and forth on a constant bases between being in favor of sellers and then buyers. If you are selling a house in a buyers market, then you need a solid marketing plan to make your home stand apart. Internet marketing, email campaigns, social media, web casts, open houses, Homes & Land, and brochures are just a few of the items your agent may use.
7. Do you have other networking connections?Â
When buying will they be able to refer you to contractors, mortgage lenders, moving companies, landscapers, pool maintenance crews, andÂ referencesÂ like that. This will be especially important if you are new to the area. Also when selling do they belong to any Real Estate networks with colleagues from other companies besides their own.
8. Do you have a personal assistant or partner to help you with the detail work?
A producing Real Estate agent usually has an assistant or a partner helping them with all the detailed tasks on hand with getting clients buying and selling. A really good agent also has a ready available title officer, escrow officer,Â mortgage lender, and notary.
9. What designations and certifications do you hold?Â
Beyond holding a real estate license, agents can opt to expand their education and skills. There are a multitude of courses and programs available. In general, these certifications mean a more specialized agent.
10. Are you willing to share the names of all of your current clients as references? Past clients?
Ask the clients how their experience was? Did they listen to your needs and put your interest first? Did they do everything they promised?... more
Any and ALL information given to a lender: employment, income, assets and debt will be scraped with a fine toothed comb to make sure it is, in fact, authenticated. Trying to bamboozle your way through
How Much Money Do I Need to Buy A Home? Still today, the majority of adults believe buying a home is still considered to be a lifetime accomplishment! How much cash you are going to need upfront
I have personally closed several VA loans in the Modesto area over the last 90 days and find it most challenging when the 'other' agents simply do not understand the VA process.
I have found that VA has many benefits and for those that qualify, its a great program. I would first question a real estate agent before beginning the process...ask questions such as:
1. How many homes have you sold over the last 6 months?
2. How many VA loans have you closed over the last 12 months.
3. Do you have any personal references that I can contact?
Then take it a step further and ask your lender the following questions:
1. Are you experienced in VA financing?
2. How long have you been a lender?
2. How many VA loans have you funded in the last 12 months?
3. What kind of guidance can you give me as a veteran?
Of course by contacting me...I can help with all of this, but don't simply assume that all agents know how to help Veterans in finding and negotiating a sale or that all lenders can do a good job on a VA loan!!!
Least Affordable Real EstateFood for thought:Besides California's beautiful weather and it being the remarkable state that offers mountains, lakes, beaches, oceans, and snow, it also provides for the most
CURB APPEALHello everyone! Â Here is another fun article from RealtyTimes.com.Â When Selling yourself for an interview, we brush up on our skills, attitude, and appearance. Â Not much is different
What if Wells Fargo provided you a quote of 3.85% Wow...that's a hot rate. Then in true Wells Fargo fashion two days before closing they refuse the loan....it fails in the underwriting process. What did that cost you...and the seller....and two agents? And will Wells Fargo be held accountable for leaving you at the alter or making everyone whole? Of course not. ------------ Interest rates are important but there are issues that are MORE important. Don't derail your journey to home ownership by focusing on the wrong issue.------- Remember, verbal means fictitious. GET EVERYTHING IN WRITING..--------- You would be well advised to use the LOCAL lender your REALTOR recommends. Your Realtor will be able to spot the omissions many lenders commit in the worksheet. Those omissions traditionally mask how the mortgage broker is being compensated thus allowing leveraging the final week when you are TRAPPED. Your Realtor knows which lender has the best closure rate for folks in your situation, buying the type of real estate you want. Your Realtor will require the lender to be competitive, come in under budget, on time and without the hysteria.--------------Best of success, ------Annette Lawrence, Broker/Associate Remax Realtec Group, -------- Palm Harbor, FL------ 727.420.4041 ------http://FIrstLookHomes.us.... more
Hello tracytom, I can look it up with an address and let you know the status. If your interested in buying it you also may qualify with a few dozen questions and go over your options.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
9am till 7pm Monday thru Saturday, Sundays by appt.
If my response was helpful, consider clicking thumbs up or Best Answer!... more
An estimated 44,000 homeowners received permanent loan modifications from mortgage servicers during the month of November under both proprietary servicer programs and the governmentâ€™s Home Affordable
Modesto Ca Home SalesÂ - December 2013The sales figures for Modesto California for December 2013 are in.Â The totals below are for single family homes sold in Modesto.Â Totals for December 2013:215Â Total
You should consider purchasing instead of renting. Prices are low, interest rates are ultra low and you can save a fair amount of money by purchasing. Try using the Trulia Buy vs Rent calculator to see how much money you could save. I am a lender if you need help being pre-approved.... more
This information is VALUABLE for both Buyers & Sellers! 2014 will bring several changes with it and one of those is the lowering of the FHA loan limits.Â (The list below will share the new loan
Your real estate agent likely has insurance agents they can refer you to. Choose an insurance agent that will take the time to counsel you on what kind of coverage you need and what limits you should have based on your individual situation.... more
Are you curious how the real estate market is affected during the Holidays?Â Itâ€™s always been a conversation amongst agents with buyers and sellers alike! While some explain that the time frame
Modesto Ca Home SalesÂ - November 2013The sales figures for Modesto California for November 2013 are in.Â The totals below are for single family homes sold in Modesto.Â Totals for November 2013:180