I’ve written before questions you should ask when interviewing a listing agent. But how do you know if you’re working with a competent agent when you buy a home? Here’s a good start!
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What is agency?
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What systems do you have in place to assure attention to detail?
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What is a CLUE report and how is it important?
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Do you have testimonials from other agents (your peers)?
- What percent of your business is by referral?
- What is the absorption rate of this market?
- Do you hold the ABR designation?
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Can I call your last buyers or sellers and ask their opinion of your work? Or ask to see copies of letters or thank you cards given to you from buyers or sellers.
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How long have you been in residential real estate?
- Would you hire yourself? Why?
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Should I ask for or purchase a home warranty?
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What is a comparative market analysis?
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How much money do I need up-front when I buy?
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What is PMI?
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What is title insurance and what does it cover?
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Do you personally look at my income and financial situation?
There are so many more questions you should ask, but these should help you get started. You should expect an intelligent answer with any of these questions.
