3 Questions To Ask Your Buyers Agent
The first task of a good buyers agent is to qualify the client. We ask loads of questions such as:
What are you looking for in your new home?
Where were you looking?
When were you looking to move by?
Why are you moving?
Our job is to extract as much information, quickly (we are New Yorkers right?), in the fewest questions possible with the intention of matching you with a home that you love and makes sense financially. Most people understand that the home buying process is replete with joy and misery, therefore, who you work with matters! It is to my dismay that my clients rarely qualify their representation; this ends now.
When you are speaking with your potential buyers agent, you should qualify them just as much as they qualify you. Prior to asking these questions, you should utilize your online resources such as Zillow and Yelp to check out their reviews and prior sales. However without further adieu, here are some of the most important questions you should be asking:
1) Do you work in the area?
In my opinion, the most important quality in sufficient representation is if they are hyper-local experts. In NYC, every community has its own nuances with flip taxes, down payments, rules for income-restricted properties, local agents (whom your agent should have good relationships with), etc… A hyper-local expert will save you time since they know how to navigate these waters.
2) Do you do mostly rentals or sales?
Rentals and sales are two very different beasts. In my opinion, they are like a square and rectangle- technically speaking, a square is a rectangle but a rectangle is not a square. In it’s analogous sense, agents specializing in sales can most likely handle rentals while rental agents without sales experience shouldn’t be doing sales. Not that they’re bad people, however I’ve dealt with enough of them to inform you that you’ll run into tribulations down the road. Just trust me on this one.
3) Are you full time?
Someone that works full time is persistently checking for new listings and has their finger on the pulse of what’s going on in the area. Real estate is an all-consuming obsession when one does it full time. They are making calls and getting back to clients 7 days a week every time their eyes are open (sometimes we even need to utilize the voice recognition software to text when their eyes just cant remain open any longer). On the converse, with a part time agent, they don’t have the same fire in their belly since it’s typically their second gig; it’s most likely what they do to make some money on the side.
At the end of the day, you want someone that works in the area, works with the inventory of your respective housing needs (rentals or sales), and does it full time. Ask many questions and gauge whether they will be a good fit for you. That being said, if you have any questions feel free to give us a ring at the Bizzarro Agency if you have any questions about purchasing a new home.