Category Archives: Buying A Home

Step By Step Guide For Buying Your First Home

One of the first things that first-time home buyers should know is that it is going to take a lot of time and effort to find and finally close on a home of their dreams.  In order to make the process as easy as possible and to help buyers make the best choices when purchasing a home.  Below is advice from real estate experts to help you throughout the buying process.

First things first, start researching as soon as you decide to buy a home.  Look through magazines, search the internet, look through trade papers, and so on to find real estate listing and industry news.  With the real estate listings that you have found, follow them through to their sale.  Analyze the time it takes for a house to hit the market through to close.  Note what the asking price was initially and what the home closed for.  These trends will allow you to see the larger picture for homes in your specific location.

The next step is to determine how much you can afford overall and monthly.  Most often lenders recommend that buyers spend no more than 3 to 5 times their annual income on a home when you are able to put down 20%.  It is also imperative to eliminate outside debts as much as possible.  It is also key to figure out the monthly costs of maintaining a home.  There are several online tools that help first time home buyers with calculating costs when purchasing a new home.

It is also important to meet with a lender or mortgage broker to get preapproved for a mortgage.  Obviously before you can buy a home you need the means to do so.  Prequalification means that you have met the requirements set forth by the lender.  Taking into consideration your income, debt, savings, and investments your lender of mortgage broker will tell you how much you qualify to borrow.

Your next step is to find a local real estate agent to work with. Hiring an agent literally costs you nothing; you have nothing to lose when you have a realtor working with you.  The seller compensates the realtor through commissions on the house when it sells. A real estate agent will provide you insight that only comes from living in an area.  They also provide invaluable skills such as negotiations. After going through the process hundreds of times they understand the process better than those of us who only go through it a few times in our lives.

When you start shopping for a home it is important to tour many of the homes in your price range even if they aren’t exactly what you have been dreaming of.  It will help you see what is available.  Take a note pad and camera with you to keep the homes you visit straight.  After time it will be difficult to keep the homes you have toured straight.  In each home you are serious about test out certain features such as the plumbing, windows, electrical, and appliances.  Take a look around the neighborhood and evaluate how well the homes on the block are maintained, the traffic volume, parking, and such.

It is important not to rush the home buying process.  You will find the right home, but it may not happen right away.  Make sure you negotiate a fair price, evaluating the cost at which other homes in the neighborhood have sold for, and reach an agreement.  When your home goes into escrow it is time to finish up the remaining steps within the buying process.  

A home inspection is a must to make sure the home is a good investment and free of costly repairs.  Home offers should be made on a contingency that the home passes inspection.  If major issues are found the seller has a chance to fix the issues or renegotiate the sale.  You as a buyer can withdraw the offer if you decide it is not in your best interest to purchase the residence after the inspection.

Working with the lender you will then select your loan and have the home appraised.  This process should be fairly simple and straightforward. As long as you are responsive in working together it will make this process painless. Once the paperwork is coordinated and you have determined the seller is the rightful owner and can legally sell the house you are buying you are good to set a closing date. 

Last but not least close on your home.  Sign all of the paperwork (there will be a lot of it) and move into your new home!

C21 Lady of the Lakes is a full-service realtor serving Livingston County and the surrounding areas with all their real estate needs.  More information can be found at http://www.ladyofthelakes.com/.



Preparing to Buy A Home This Spring


Mid-Michigan homebuyers know as spring approaches they will begin to face some stiff competition for available homes for sale.  With home prices on the rise and fewer homes for sale, buyers need to make sure that they are fully prepared to purchase a home this spring season. To prepare buyers should look at becoming mentally and financially prepared. 

Clarifying Your Home Buying Budget

It is irresistible to peruse photos of homes, tour open houses and day dream about everything you want in a home however, it’s much better to be prepared for what you can realistically expect to afford.  It is crucial for home buyers to have a definitive budget in mind when looking at homes.  It is easy to be swayed into a higher price point when you aren’t prepared.  This often occurs with home buyers who may have been outbid on a home previously.  Bumping up your budget may seem like a surefire way to ensure you get the next house you bid on however be careful.  A home even a few thousand dollars over your cap can really derail your goals.

Purchasing a home is more often than not the largest investment that people will make.  It requires people to dive deep into their past, current, and present finances.  It is crucial to know how much you spend on a monthly basis on fixed and flexible expenditures and to understand how these expenses will change when you become a homeowner.  Lenders provide a preapproval that allows homeowners a maximum at which they will be able to borrow.  This is a starting point for establishing a comfortable price point on a new home and monthly mortgage payment. 

Benefit from Real Estate Professionals

When homebuyers get serious about finding and purchasing a home it is time to consult a professional realtor.  Locating a seasoned professional in real estate will help to ensure you have access to as many homes in your budget as possible, as soon as they become available on the market.  A professional realtor agent will guide you through the real estate process from start to finish.

Another professional you will want to meet with is a mortgage broker.  They will go through the process with you to get you prequalified and go through different loans and options that are available to you.  In some markets first-time homebuyers are fortunate enough to receive special financial credit offers to help make buying a home possible. 

Detail Your Needs Verse Wants

It is important for homebuyers to know what they absolutely need to have in a home verse the luxury wants.  In the fast pace real estate market, we are experiencing right now, buyers need to make sure that they are ready to make an offer when they find the right property.  In order to do this buyer, need to research their priorities and areas where they will be able to compromise.  Limiting your searches to homes that match your needs will also help save time as well as you won’t be wasting time on homes that don’t fit your need.

C21 Lady of the Lakes is a full-service realtor serving Livingston County and the surrounding areas with all their real estate needs.  More information can be found at http://www.ladyofthelakes.com/.



First-Time Home Buyers: What You Should Consider Before Making an Offer


A lot of first-time home buyers get in over their heads.  They fall in love with a home before doing any research and end up signing on the dotted line with a home that is too expensive, needs more work than they expected, and are driving longer then they had expected to work each day.  There is a lot to think about when buying a home, three main issues being the offer price, the condition of the home, and location. 

Offer Price:

The offer of the home should be based on more than that it is comparable with other homes on the market. A home’s asking price is the price that is set before an appraisal has been done.  In reality an offer should than only be based on comparable houses in the area that have already closed and not by what others in the area are asking for their homes. 

 The Homes Condition:

When you are pricing out home repairs don’t automatically assume that they will be up into the thousands of dollars.  Also, don’t assume that you can take the cost of repairs off the offer price of a home as some sellers have already adjusted the asking price to consider these repairs. 

Location of the Home:

The area in which the home is located has a lot to do with the price at which the house will sell for.  Consider the location of the home for a number of reasons including how close it is to work and school but also be aware of the physical location.  See if there are train tracks close or it is in a high traffic area, those things will affect the resale value when go to sell.  Consider if granite counter tops and an additional bathroom are worth the inconvenience of a commuter train coming through the backyard every day.

Now-a-days with the internet there is a lot more information available in real time to both realtors and first-time home buyers.  It is important to keep in mind that not all of the information on the internet will be accurate, but it is a starting point.

Some websites offer free estimates to value your home.  They make a lot of assumptions about the value of properties in a neighborhood based on other homes that have sold but for homes that are non-conforming these can be inaccurate.  Consider these to be generalities and not substitutes for the research a realtor provider or an appraisal gives.

C21 Lady of the Lakes is a full-service realtor serving Livingston County and the surrounding areas with all their real estate needs.  More information can be found at http://www.ladyofthelakes.com/.



Problems and Solutions to Common Issues in Real Estate

If you want a job in an industry where everyday is different and no two transaction are ever the same, you into real estate.  A boring day just doesn’t happen when you are working daily with a wide variety of people and personalities.  As much fun as it is to work with several different types of people on a regular basis, there are some challenges that can arise when working to find a buyer their dream home or a seller who is selling more than just a home, but an abundance of memories as well.

Common Real Estate Problems and Solutions

  1. Market Conditions That Are Not Ideal

Realtors do not have control over local real estate markets.  It is inevitable that local real estate markets will have ups and downs that need to be dealt with.  The longer you are in real estate the more you will see the market conditions fluctuate. The market conditions will play a huge role in if a home sells or not and if it sells at, below, or above the average market value. Realtors must understand and recognize if they are currently dealing with a sellers or buyers’ market.  The advice that you offer to your clients will make a huge difference in their perception and the outcome of the transaction.

  1. Emotional Sellers

Many times, the sale of a home can be quite emotional.  Real estate agents will get the full brunt of the emotion’s sellers are feeling during this process.  A wide range of emotion is felt from sadness, stress, excitement, uncertainty, and nervousness.  Selling a home is a time of mixed emotions for homeowners and you as their agent will need to help them overcome the feelings that they are having to get to the point of sale.  It will be important to remind the sellers of their initial motivation to sell, the benefits that come from the sale of a home, and how these play into their situation.  It is important not to become invested emotionally yourself in the sale of any home so that you can remain impartial throughout the process.

  1. Listing Price

There are many sellers and buyers out there that will take your recommendation when it comes to putting an offer in on a home or listing their home for sale.  However, there are times when people will feel like their home is worth more than it is or that a lower offer is better for later negotiations.  Price points are the biggest challenge most realtors will face with their clients. It is important that you as the realtor educate your clients with concrete evidence and current stats to validate your reasoning.   Point out how long comparable houses have stayed on the market and the difference in pricing points.

Most of the time real estate professionals can work out issues with their clients by listening to them and providing concrete information to reassure them.  Proper wording and empathy can often overcome any challenge that arises to help facilitate a compromise.

C21 Lady of the Lakes is a full-service realtor serving Livingston County and the surrounding areas with all their real estate needs.  More information can be found at http://www.ladyofthelakes.com/.

The Most Important Repairs to Make Before Selling Your Home

Maintenance, maintenance, maintenance… I can’t stress the importance that keeping up with your home’s maintenance, repairs, and overall general well being can make when it comes time to sell.

For many buyers it is important to get into a home without having to do a ton of repairs to make it inhabitable.  It is also not on many buyers’ agendas to make an offer on a home only to determine upon inspection that there are issues that they just don’t want to deal with.  With a little bit of preparation before you place your home for sale, along with regular maintenance and consistent updates while you are actively living in the space your home should be buyer ready when you decide it is time to sell.

Listed below are just a few of the areas to pay special attention to as they are high on the list of priorities that buyers are looking at when buying a new home.

Kitchen & Bath Renovations and Updates:

  • These two spaces have the potential to make or break the sale of a house.  They also employ the most technical mechanics of the house from appliances, to plumbing and electricity, there is a lot that can go wrong.  If not kept up on kitchen and bathroom spaces can easily fall into despair.
    • Kitchen Appliances: Although it can be beneficial to have updated, energy efficient appliances when selling your home, the most important aspect is that they are all in solid working condition.  Maintenance is key in keeping appliances running properly.
    • Cabinets: Cabinets are an essential visual and functional element in both the bathroom and kitchen.  Not only should cabinets be free of damage and in good working order, new hardware never hurts to modernize a slightly older space.
    • Faucets, Sinks, Showers & Tubs: Not only are aesthetics important so is the functionality of drains and faucets. The drains within sinks, showers, and tubs should all drain properly, free and clear of any problems.  Overflow drains should also be in proper working order.  The hot and cold faucets should be properly installed.  (Believe it or not many homes I have remodeled have the hot and cold feature set up backwards) Exhaust vents should be working and clear of debris. Check all surfaces for cracks, chips, and peeling.  Homes that undergo routine maintenance should have addressed all of the above issues as problems arose.

Walls & Ceilings:

    • As part of regular maintenance homeowners should take care to repair nail holes, dings, and dents that occur. If discoloration is seen on the ceiling this will instantly turn off a buyer.  Damage from water should be repaired and brought back up to par aesthetically before placing a home for sale.  All water damage and repairs should be properly documented to give future homeowners a record if asked upon inspection how the problem was solved.

Flooring:

  • Flooring does not need to be replace before selling a home. What is important however is that it is clean and in good condition.  Chips and cracked tiles have been replaced, carpet has been cleaned, and hardwood refinished if scratches and dents are an issue.

HVAC:

  • The heating and cooling systems in the home should be in working order with updated filtration installed. Thermostats should work properly or be replaced.  Hiring an HVAC tech to complete a tune up can be a bonus to ensure everything is in proper order and can be used to market your home.
Electrical Panels and Circuit Breakers:
  • Take time to have the electrical panels in your home meet current codes. This is a perfect time to have the electrical in your home inspected by a professional.  This documentation can be given to your realtor to use as added bonuses that prove maintenance on a home has been done.  This looks really good in the eyes of a buyer even if there is a hiccup somewhere else in the home.

C21 Lady of the Lakes is a full-service realtor serving Livingston County and the surrounding areas with all their real estate needs.  More information can be found at http://www.ladyofthelakes.com/.

Buying and Selling a House at the Same Time

The process of buying and selling a home can be very stressful especially if you find yourself in a situation where you are doing both at the same time.  Depending on the housing market in your area it can be tricky for to juggle both process at the same time.  It becomes incredibly important to rely on a reputable, local realtor to facilitate.

 

In this installment, we will provide valuable tips and recommendations to educate homeowners in the process of achieving what may seem like an impossible task, to sell their current home while purchasing a new dream home.

 

Understand the Housing Market

Before you jump right in and look to buy and sell a home, you want to be sure that you find out about the housing market. If you are looking to buy a new home in the same market that you currently live it should be slightly easier than if you were leaving the area for whatever reason.

 

Create a Plan of Action

One of the best ways to ensure that you will be more likely to be successful in buying and selling a house at the same time is to plan. This plan should be as realistic as possible, make all your goals actionable and attainable. There is no sense making a goal that is not achievable, that would be one sure fire way to be unsuccessful. Including a professional real estate company in the process is a must.

 

Don’t Rely on Timing

When buying and selling at the same time there are so many things that can go wrong and timing may seem right, but it could easily change when the buyer of your home runs into problems during closing. It could also happen to you when you are set to close on purchasing your new home and then something sneaks up and throws a monkey wrench into the works and you are stuck. Sometimes even the best plans can go awry, and you will have to go back to the drawing board to salvage your overall goal.

 

Align Your Finances

One way to make buying and selling houses simultaneous much less stressful is that if you are able to work with a new lender that is willing to work with you to establish your new mortgage and discuss the possible need for a bridge loan to help with paying both mortgages until you can sell your home. You can also request a contract contingency option which means that your home purchase is contingent on the sale of your home. This may or may not be a viable option in all circumstances.

 

Don’t Let Fear Make Your Decision

When it comes trying to buy a new home and sell your existing home at the same time it can be a bit unnerving. The likelihood that you could be stuck carrying two mortgages for a brief or not so brief amount of time is fairly high. However, you must at all cost not allow yourself to let the fear of not being able to afford the two mortgages at the same time to make a bad decision that could end up costing you a lot of extra money.

C21 Lady of the Lakes is a full-service realtor serving Livingston County and the surrounding areas with all their real estate needs.  More information can be found at http://www.ladyofthelakes.com/.

 

Why It Is Better To Use A Realtor Than Going It Alone

At one point or the other in our lives we are faced with the problem of buying homes that meet our specific needs. Some people however, may decide to confront this problem by themselves. Thus, they begin to look for homes for sale. Good and cost saving as this approach might be the unforeseen problems associated with going it alone may wipe away the costs saved.

It is therefore advantageous to find a qualified realtor who has access to real estate listings that are available in one choice area. These realtors have the skills to hunt for homes that meet your taste, income and needs. This will save a considerable amount of time that might be used in productive activities. Realtors are experts that have been licensed to practice and they are guided by codes of conduct which if breached will attract serious penalties. They are expected to place the interests of their clients above their own, hence, they are expected to work for their clients’ satisfaction.

Going it alone may lead to paying more for a home than the actual value. Realtors are pricing experts who are conversant with the prices of different properties. They can come to the aid of their clients by making fair negotiations with sellers. The prices of homes for sale differs from one neighborhood to another depending on the facilities available. Realtors have information about different areas and they can offer valuable advice to prospective buyers. Most times when a property is chosen from real estate listings, it is the job of realtor to inspect the home and request for repairs where it is necessary on behalf of the buyer. A prospective buyer may not be able to handle this issue effectively, which may lead to friction with the seller. The realtors have adequate sense of what is fair when requesting that a home be repaired because of their experience in handling such cases.

The decision to go it alone without an expert realtor may affect negatively the proper transfer of the home to the buyer. It is the responsibility of the realtor to handle paper work. He must see to it that all the papers are signed by those who need to do so. Apart from that, the realtor has the duty to keep these records properly, so that they can be easily retrieved if the need arises in future. Secured record keeping is guaranteed when a realtor is involved in the transaction. There are some properties that are not in the real estate listings in other words such homes are not advertised. Realtors will know about such homes which the buyers can inspect and make choices that suit them.

To forestall future problems with homes for sale, a realtor has the duty of guiding prospective buyers in the choice of property so as to ensure peace of mind and eliminate potential problems. Although, saving a percentage of what a home costs is a good idea however, the problems and the stress associated with such purchase without the expert guidance of a realtor will wipe away such gain.

Learn more about C21 Lady of the Lakes Realtors and the numerous services they offer including: buying a new home, selling a home, or renting a home at www.ladyofthelakes.com.  To contact one of our real estate agents call 734-426-6060 today.

20 Deal Breakers That Make Your Home Unsellable

Outdated electrical

plug socket on brick wall backgroundSakeza/Shutterstock

Nothing congers up dollar signs more than electrical issues. In fact, 46 percent of buyers are shocked enough to walk away. “It is a large expense for any buyer to take on, but for investors or those looking for a big remodel it’s just part of the cost of doing business,” says McAuley. For example, if a buyer is planning on a major renovation, they are going to install new electrical anyway. But for those desiring move-in ready, this could zap their interest in buying. Outdated electrical isn’t the only dangerous thing lurking in your house; watch out for these hidden dangers in your home.

Not enough natural light

empty white interior with doorDGArt3D/Shutterstock

How many times have you heard a home buyer on TV walk into the room and exclaim, “I love the natural light!” “Lack of natural light or dark rooms are a drawback for many buyers,” notes McAuley. While adding a window or opening up a room to bring in more natural light are options that aren’t hugely expensive, 43 percent of buyers consider it a turn-off.

Dilapidated neighboring property

Old wooden siding painted in white. White old siding background.Stocker plus/Shutterstock

It’s a shame to find the perfect home only to discover the property next door is run-down. Unless the neighbors plan on doing renovations or moving soon, 43 percent of buyers say it’s a no-go and move on. “An unsightly mess is probably going to bother you more as you own and invest in your own property,” cautions McAuley. “Remember, you can make a house what you want, but you can’t change the lot or location,” says McAuley.

House is near a busy road

18 wheeler semi truck at night on highway5m3photos/Shutterstock

“A house located near a major road or highway is a big negative. It will bring noise and traffic and even if a buyer is OK with it, it will be difficult to resell down the road,” cautions McAuley. Not surprisingly, 43 percent drive off on this one.

Small room sizes

Blue new children bedroom on the attic, bedPhotographee.eu/Shutterstock

“Large, open spaces are the rage among home buyers in today’s market. The small, choppy rooms so popular in the 50s and 60s are a big turn off,” notes McAuley. Buyers may have a difficult time imagining the possibilities if the walls were torn down to create an open floor plan or they don’t have the budget to do it. Either way, 40 percent close the door on these houses.

Small kitchen

White Kitchen Interior Accessories Dishes Staff Apple Grocery Products Stand on TableOlga Pink/Shutterstock

“If you’ve ever had people over for a dinner or party, you know that no matter how much space you have in your home, the kitchen is where everyone ends up hanging out,” says McAuley. A small kitchen or one that is closed off is a huge deterrent whether you’re a frequent dinner party host or not. According to Realtor.com, the kitchen is the favorite room of a home for 80 percent of buyers. It’s no wonder 39 percent lose their appetite and look for something more substantial. No matter the size you can make your kitchen look expensive with these tricks.

Bad DIY projects

DIY hammer, nails and plank on table backgroundAfrica Rising/Shutterstock

DIY can get ugly quick and it can be expensive to fix. A crooked towel bar or a ceiling fan that isn’t quite centered aren’t likely to send buyers running, but bigger DIY projects like doors that don’t completely shut or gaps and buckling in flooring steer 38 percent of buyers away. “A bad DIY can usually be fixed, but no buyer wants to pay for updates they don’t like or that look cheap,” says McAuley. You have to see these DIY fails to believe them.

Student housing is next door

Spilled Beer Pong Cup on a Wooden TablePam Walker/Shutterstock

It’s often a rite of passage for newly independent college students to host parties, with blaring music, and general chaos all hours of the night. Of course, there are exceptions and maybe the tenants will be quiet. But who knows what kind of tenants will be there the next school year? “Student housing can be a nonstop revolving door and there are usually too many unknowns for the buyer,” says McAuley. The thought of too many nights of lost sleep deters 37 percent of buyers.

HVAC on the fritz

central heating system PAKULA PIOTR/Shutterstock

Nothing says “cha-ching!” quite like faulty or old HVAC systems. Heating, cooling, and ventilation are major components that are costly to repair and/or replace and 37 percent of buyers get cold feet and walk away. But if a buyer is set on the house McAuley suggests the buyer factors in the cost of replacement and deduct from the price of the home before making an offer.

Dislikes exterior finish

Old Stone House on a Country Road in Rural England1000 Words/Shutterstock

A quaint stone cottage is cozy and charming but not a popular exterior for 31 percent of buyers. “It’s not a mainstream or popular look and the house may stand out as inconsistent with the neighborhood,” says McAuley. “A buyer could look into replacing the exterior if the price is right which could be possible since the seller is likely dealing with a much smaller pool of buyers.” Read on to find out the biggest regrets of first-time homebuyers.

Original Source: https://www.rd.com/home/improvement/things-that-make-your-home-unsellable/

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Dual Agency-Why Buyers and Sellers Should Avoid It

There can be some confusion when it comes to the role of real estate agents whenever a real estate transaction is being executed. In most states, an agency disclosure form is required and should be signed by both seller and buyer. This form is typically a disclosure, not an agreement and details the roles of each party in the real estate transaction.

In a typical real estate transaction, there is either a single agent or a dual agent. A dual agent is a real estate broker who represents both the seller and the buyer. This is important because, in a traditional real estate deal, the broker only represents the seller. Sometimes the lines become blurred and the broker crosses over to the buyer and negotiates a better buying price. While this is a common practice in the real estate arena, it is considered unethical and can even illegal in many states. In a dual agency setting, the broker is required to disclose that he or she is working with both the seller and the buyer.

Single Agency

In a typical real estate setting, the buyer works with a single buying agent. Sellers, on the other hand, work with brokers or selling agents who are working in a single agent capacity listing agents. Legally, these single agents owe a fiduciary responsibility to their clients and documents are signed to this effect. For instance, they cannot share confidential information with the other party or the other party’s agent. Single agency agents must exercise due diligence in the performance of all their duties, be forthright, and disclose all material facts.

Dissecting Dual Agency

Owing to the fact that all real estate agents are licensed under a real estate brokerage, it is not uncommon to find the same agent licensed by the same broker as the listing agent. This situation creates a dual agency. Even if the agents are located in separate offices and do not know each other, nevertheless a dual agency scenario exists because they are both licensed by the broker (one representing the buyer and the other representing the seller).

Here is how dual agency essentially plays out in the real world: after qualifying for a home, the buyer works with a real estate agent who in turn is registered under the same brokerage firm that has listed the home. In this scenario, a dual agency has been created by that real estate agent. In many cases, the agent proceeds as if it is a single agency transaction. The law, however, requires that this dual agency is disclosed.

A listing agent for a property who also represents the buyer of that property automatically becomes a dual agent. Because dual agents cannot operate in a fiduciary relationship with both the seller and buyer, they must treat both equally. They can offer advice to both but cannot disclose confidential information. There are instances where real estate agents have found themselves embroiled in lawsuits for failing to adhere to these standards.

Consider the complications that a dual agency can cause.  If an agent is adamant about proceeding in the representation of both transactions be careful and consider hiring an attorney to review the transaction thoroughly before signing on the dotted line.

Learn more about C21 Lady of the Lakes Realtors and the numerous services they offer including: buying a new home, selling a home, or renting a home at www.ladyofthelakes.com.  To contact one of our real estate agents call 734-426-6060 today.

Essential Questions to Ask When Choosing a Realtor

When it comes to buying or selling property it is extremely important that you enlist the assistance of a real estate professional in the area you are looking to buy or sell the property. Regardless of whether you have some amount of real estate experience you cannot equal the knowledge that an agent that is from the area that you are looking at has of the local market.

 

When you find a local realtor that you think you might be interested in working with you should sit down and discuss things in order to select the best one for your needs. We put together a list of essential questions that should help you to glean all of the information from that you will be able to use to make your final selection.

 

10 Essential Question to Ask When Choosing a Realtor

 

How many years have you been in the area?

This is extremely important to get to know whether or not they have enough knowledge of the local community. If they don’t have many years of experience, this should give you a reason not to go with them.

How many clients are you currently working with?

Finding out how many people they are working with will give you an idea of how much time they could devote to your needs.

Do you work with most buyers as compared to sellers or vice versa?

If an agent works mostly buyers or mostly sellers, they may not have as much experience with the other and that could be an issue.

Is there a specific area that you cover?

Finding out up front if your agent is tied to a specific area can end up limiting you in your opportunities.

Does your agency use teams and are you part of one?

Knowing if your agent is part of a larger team is a good thing to know so that you know that you could be working with another agent at some point.

Are you able to handle a few of these unique situations?

Put together a list of unique situations and see how they respond to each specific situation.

How do you prefer to handle communication with your clients?

It is a really good idea to find out right off the bat how you will be communicating with your agent.

 Do you have a rapport with some of the local professional groups?

It is really important for an agent to have a really good working relationship with the key vendors that work in the areas related to real estate.

Can I get 3 references with contact information?

It is always important to get references so that you can find out what other people who already worked with think about them.

Do you have any questions for me?

Last but certainly the least, ask if they have any questions.

Learn more about C21 Lady of the Lakes Realtors and the numerous services they offer including: buying a new home, selling a home, or renting a home at www.ladyofthelakes.com.  To contact one of our real estate agents call 734-426-6060 today.