Interview Real Estate Agents
July 9, 2014 in Family by Anna
Today, I want to share why I think you should interview real estate agents before hiring one.
Why You Should Interview Real Estate Agents
Truth be told, I have only purchased one house and I’m in the process of selling it. My husband and I thought long and hard about whether we would try to sell our property on our own or hire someone to represent us. In the end, we chose the latter.
If you have ever shared with friends or family that you’re looking for a home or thinking of selling your own, most everyone says something along the lines of, “Oh! I know a realtor I can recommend!” Many of you may know a real estate agent personally as well.
I still think it makes sense to interview any prospective agents because they are being paid by you. When you hire someone to do work on your home, you get estimates and gather information about how and when the work will be done. When you are looking for babysitters, you meet them and see how they’ll interact with your child. When you’re an employer, you interview any potential employees.
Don’t Take The Easy Route with Previous Agents and Friends
Just because a friend is a realtor, doesn’t mean they’ll be the best real estate agent for you. Just because a friend recommends their realtor to you, doesn’t mean you have to hire him/her. It’s business and nobody should take it personally.
Interviewing real estate agents just makes sense.
Oftentimes, people don’t.
Why not just use the realtor that sold you the house you’re currently in? Well, you can. But do you know how that realtor handles business when they are the listing agent versus the buyer’s agent? Do you know if they’ll want to pursue the option to be a dual agent (and double their commission)? Why not interview them while interviewing others? It won’t hurt.
We did not choose to hire the agent that sold us our home because we never saw her after our transaction. I don’t mean that we expected to hang out or anything. I mean…we never saw her face or name appear on any signs in our area. To me, this meant she wouldn’t have known this area too well anyway, so how could she sell someone on it?
We also recommended her to a friend when they were interested in looking around the area and she was weak with her follow-through. When we purchased through her, she was actually a dual agent, representing the builder and us. At the time, we just wanted to purchase the house and didn’t think about having an agent that represented our interests in the transaction.
Stay Focused on What You Need
When you are purchasing or selling a home, you want someone to represent your interests. Hiring a real estate agent can do that. But you want to make sure you sign a contract with someone you feel comfortable with, you trust, you can contact at any time, and you like their communication style. You also want someone that is good at their job.
Sounds like a marriage in some ways, doesn’t it? Well…it sort of is. You are going to share things with this person and expect them not to share the information with the buyer or buyer’s agent. This is one of the main reasons I did not want to hire someone as a dual agent…Walking that line can be hard for people and I wanted someone to earn their money by representing me and selling my house.
It is always important to ask, “Is ‘Your’ Agent Working For You?”
This Working With Real Estate Agents pamphlet (PDF) does a pretty good job of explaining the three roles a realtor can take. This article explain why you should sign it.
There Needs to be Trust in Every Relationship
Trust is a big part of this. Not only do you trust them with your specific situation, timeline, financial picture, and access to your home, but you also have to trust their advice as the professional in the field. If you don’t trust their input on the market and where things stand with your property or the timeline it may take to sell your house, you are going to want to anull this relationship rather quickly.
This brings me to another point. I interviewed five realtors before selecting one. We had feedback about our house that spanned all the way from, “you’re house isn’t worth more than X and I suggest you rent it for a year and try again after that” to “I would list your house at Y right now.” There was a difference of $50,000 between X and Y and we didn’t trust either one of those responses. Don’t go with the first person you speak to! Play the field a bit. (Now it sounds like dating before marriage!)
Someone who suggests that your house might benefit from a pre-market appraisal is likely suggesting your house is worth more than what comparibles are showing. We were told by 3 out of 5 of those realtors that we should do a pre-market appraisal. (We followed their advice.)
Someone that is good at their job (which can be seen in numbers like houses sold in the past year, average days on market, list price vs. sell price) should give you a clear picture of what your house can sell for and how they can negotiate for the best-case scenario on your behalf.
Communication is Key
The way someone communicates with you can give you a glimpse as to how well they will communicate and negotiate on your behalf. Are they sweating and nervous? Are they condescending? Are they strong, but respectful? Do they sound confident in themselves and the subject matter.
How they prefer to communicate will be quite significant when you’re juggling showings, feedback, responses to potential buyers, and just questions like, “Why isn’t my house showing?!?” “The house next to me just went on the market!!! What should we do now?!?” You will want answers, so you’ll want to know if they like email, phone calls, texts, or Facebook messages the best. Don’t put yourself in the situation where you want to go bang on their office door. Ask before you sign on the line!
Skip The Hunt
If you are having to track down a realtor to interview them…You may not want to hire them. If they aren’t responding to you now, why do you think they’ll reply in a timely manner later? They should be wanting your business. If they don’t, great for them! But, don’t waste your time.
I contacted an acquaintance that we had really thought we would hire whenever we moved. I hesitated to contact her because we witnessed how long it took for our mutual friend’s house to sell. But I did anyway. I got an initial reply and then nothing. I didn’t bother to follow-up. It’s not my job and she didn’t need my business. Plain and simple.
Did you find this post helpful?
You make a very nice point about evaluating all your options when it comes to agents. Focusing on what you need and making sure you are well represented by the person you choose is important, just as you shared.
A real estate agent is anyone who’s taken some basic training classes and then has applied for, and passed, a state licensing exam. Basically, anyone can become a real estate agent and continue to practice as long as they hang their sales license with a licensed broker. They’re also required to take a set number of hours of continuing education courses in order to renew their license periodically.
I agree that when it comes to finding a real estate agent it si important to take into account the trust you want to have. It makes sense that finding someone you can trust can help you communicate better and avoid too much stress. I would want to find an agent that cares about helping me find the house I am looking for.
You wrote that you should interview many real estate agents, to learn about their fees, services and personality. My mother is thinking about moving into a smaller home, as she lives a lone now. If she were to have an agent with a great personality, I’m sure they would click and work together really well.
You make a great point about wanting to find a real estate professional who you can contact at any time and you like their communication style. It also seems pretty important to find someone you feel comfortable with. My husband and I would love to buy our first home at some point. We both love getting texts and calls. Finding a professional who can do that would be a huge benefit for our busy schedules.
I agree that when it comes to finding a real estate agent it is important to take into account the trust you want to have. It makes sense that finding someone you can trust can help you communicate better and avoid too much stress. I am going to sell my house as I have to move to another area for work, and I want to find a specialist whom I could trust knowing he will help me make the most of the money selling my house!
According to research ” Dealing real estate properties can be challenging most of the time. A lot of real estates agents have different marketing strategies. For the past years, real estate in Placentia has developed its marketing trends.” Source: https://www.placentiarealestate.com/real-estate/
These are so useful tips for people.And I feel like that’s such a good way to invest your money.The land won’t depreciate, but only appreciate as time goes on.No doubt investing in real estate could multiply your money with surety.
Communication is the key to trust and through that, you can get to know his/her knowledge and the skill. When it is a matter of your home you can not take any risk so make sure to choose the best real estate professional by interview. Good article!
I agree that when it comes to finding a real estate agent it si important to take into account the trust you want to have.wow?
I thoroughly enjoyed reading your blog and it provided valuable insights, especially since I’m in the process of purchasing a home. Your points will undoubtedly guide my post-purchase considerations. Additionally, I’ve reached out to Sarah Naylor for assistance, and she has been exceptional in handling every aspect of the process, ensuring a smooth experience. Your post resonates, and I appreciate the helpful advice shared.
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Wow these tips are so good! Especailly the last one on prompt replying, you always want to be working with people who are ready to look after and sell your home like it is their home and their first priority! Love this thank you for your perspective!