Are there fees associated with using an agent?
In a traditional agent/buyer relationship, there is no cost for a buyer to use an agent. The agent’s compensation usually comes from the seller’s proceeds.
Can my agent advise on properties from other companies?
Yes, if that other company is a member of Multiple Listing Service (MLS), which most real estate companies are. For Sale By Owner (FSBO) properties are not listed in MLS, so an agent would not likely be able to provide information regarding them. However, with a buyer agency agreement, your agent may be able to help you purchase a FSBO.
What if I find a property on my own?
Call your agent and they will arrange for you to see the home. It’s helpful if you have the address or the MLS number of the property.
What type of information will my agent need from me?
Your agent will need to know:
- What you are looking for in a neighborhood, such as a preferred school district, access to shopping, medical services, etc.
- Specific information about your preferred home, such as the number of bedrooms and bathrooms, garage size, price, location, etc.
May I attend open houses without my agent?
You may. Just be sure to indicate that you are already working with an agent. If you don’t, your agent might not be able to help you write an offer on that property in the future.
How can I find out about new properties?
This is where a good agent can be a great help. They can do the ground work for you and let you know immediately about new listings via phone, text or e-mail. You can even receive automatic updates from the MLS system as soon as new listings are entered.
What if I am unhappy and want to switch agents?
As a courtesy, you should let your existing agent know that you are unhappy—and why. See if, together, you can work out any problems. If not, tell the agent you no longer want to work with them. The broker will help you choose another agent.
What’s the best way to work with an agent?
Agents are a wonderful resource for you when you’re looking for a home. Just remember, it’s best to:
- Work with just one agent
- Be honest—and tell them everything
- Tell other agents that you are already working with an agent
- Consider your agent as your professional representative