According to the National Association of Realtors, 36% of sellers who used a real estate agent found their agents through a referral by friends or family. Knowing how to find a real estate agent who can best represent your interests is crucial to a successful real estate transaction.
Best tips for finding a South Austin real estate agent
Gaining Insight on Real Estate Professionals
Understanding a Real Estate Agent Versus a Broker
A real estate agent is licensed to assist people in buying or selling property. However, a real estate broker has further education and can hire other real estate agents to work under them. Brokers generally have more experience and may provide a more comprehensive service.
The Distinction Between a Realtor and a Real Estate Agent
All Realtors are real estate agents, but not all real estate agents are Realtors. "Realtor" is a trademarked term that refers to an agent who is a member of the National Association of Realtors (NAR). Members of NAR must adhere to a strict code of ethics.
Functions of a Real Estate Agent
Real estate agents guide their clients through the buying or selling process. They conduct market analyses, negotiate contracts, coordinate inspections and closings, and provide counsel based on their local market knowledge.
Key Questions to Pose to Real Estate Agents
Gauging the Agent's Prior Experience
An experienced agent will be able to provide detailed information about their track record. They should be able to share information about the number of homes they've sold, the types of properties they specialize in, and their knowledge of the local real estate market.
Clarifying Who You'll Be Working With
It's important to clarify whether you'll be working directly with the agent or with an assistant. It is not uncommon for busy agents to delegate tasks, but the majority of communication should be with the agent themselves.
Discussing Real Estate Agent Cost
Understanding how much money the real estate agent stands to make from your transaction can help clarify their motivations. Most real estate agents work on commission and are paid a percentage of the property's selling price.
Evaluating Past Client Experiences
A good agent will have plenty of positive testimonials from past clients. You should ask to see these or look for them on the agent's online presence. It is also beneficial to contact past clients directly to get their candid thoughts.
The Process of Finding a Real Estate Agent: Advice for Buyers
Finding Homes Within Your Budget
Ask potential agents how they will assist you in locating properties that fit within your budget. An accredited buyer's representative should be able to provide you with a list of suitable properties and guide you through the purchasing process.
Negotiating a Fair Price
Inquire about the agent's negotiation strategies and how they'll work to get you the best deal. Their ability to negotiate can be a big factor in ensuring you pay a fair price.
Understanding Current Market Challenges
Understanding the local real estate market and potential challenges is crucial for buyers. Ask prospective agents to explain the current market conditions and any potential hurdles you might face.
The Process of Finding a Real Estate Agent: Advice for Sellers
Determining the Listing Price
One of the first questions you should ask a potential listing agent is how they would price your home and why. They should be able to provide a thorough market analysis to justify their suggested listing price.
Identifying Value-Adding Home Improvements
Ask your potential agent which improvements could increase your home's value. A knowledgeable agent should be able to suggest updates that will give you the highest return on investment.
Marketing Your Home for a Sale
Understanding how an agent plans to market your property is key. The right agent will use multiple strategies, including online listings, social media promotion, professional photography, and open houses, to attract potential buyers.
Work with Jo Vincent to find South Austin real estate
Jo Vincent, a leading Realtor serving the Greater Austin area, is renowned for her commitment to her clients and her passion for her community. If you're looking to buy or sell a home or have any questions about the Texas real estate market, contact Jo Vincent today.
