Essential Questions to Ask a REALTOR Before You Sign Anything!
After reviewing these important questions, see our list of pre-screened
real estate consultants at the bottom of the page.
There are over 3,000 Realtors in the Greater Houston area.
Statistics show us that in 5 years, 87% of those Realtors will have
left the business. That is why it is imperative that you put your
trust and money into a Realtor that is proven and committed.
times the best place to find a Realtor is through your mortgage
company. They deal with scores of Realtors every day, and it is
in their vested interest to work with the most professional and
responsive Realtors in their area.
questions will help you qualify the Realtor that you interview for
your real estate transaction.
How many years have you been involved in the real estate business?
Houston Area has about 3000 licensed Realtors at any given time.
Statistics tell us that within 5 years, 87% of them will no longer
be in the business. You will want to engage the services of a Realtor
that is experienced and committed to the industry.
NOTE: Just because they have been in business 20 years,
does not always make them a good candidate! Often times it
is the "experienced veterans" who are reluctant to try
anything new or use cutting edge technology or marketing concepts
that can save you time and money.
Is the company you are affiliated with nationally known?
known companies usually have an excellent referral system and a
good track record of successful home sales in your area. In addition,
statistics show that a full 40% of homes are sold by company name
recognition or agent contact.
company a member of the MLS system?
MLS stands for
the Multiple Listing Service, wherein member companies catalogue
their listed properties for sale so that all agents have immediate
access to the information--even information on homes where there
is no yard sign. Access to more properties means more for you to
choose from in your home search. (Typically, if the agent is a member
of MLS, (s)he is also a member of both the national and local Realtor
a member of the National Association of Realtors?
National Association requires higher standards of ethics for membership,
thus ensuring you are treated fairly.
a member of your local board of Realtors?
The Houston Association
of Realtors requires a clearly outlined standard of ethics and provides
ongoing educational classes and awards for excellence. This creates
local accountability, credibility and influence.
Do you have
A Realtor who does
have an assistant will have the ability to give you more time and
individualized attention. Their assistant will be able to help with
details and paperwork, so that they can keep in touch more often
and have time to be more aggressive about helping you find the home
of your dreams.
have any professional designations and have you won any awards?
Though the fancy initials behind a Realtors name
may not seem important to you, they chart achievements in doing
for others what you would want your agent to do for you.
get out of the agreement if I am not pleased with your services?
It is good to be loyal to an agent who has invested their
time into helping you find your home. However, you need to be free
to terminate the agreement if you feel you are not getting adequate
service and support. Be sure to ask if there is a procedure for
terminating the relationship and have them outline it in writing
real estate company of good size?
an important question because larger companies have more agents
and often more internal listing inventory which you may become available
to you before it is made available to the general public.
Do you preview the homes
you plan to show me?
Agents who preview properties are agents who respect your
time as well as their own. Agents who preview properties will not
waste your time showing you homes that don't meet your needs because
they've already seen them. In addition, they are able to prepare
you for things that might otherwise be unpleasant surprises--like
a home that meets all of your criteria in terms of space, but needs
some work. This gives you the opportunity to decide whether or not
you want to see it.
give us your opinion of the market value of the home we are considering
purchasing, based on sold listings that are comparable, before we
make an offer?
"CMA" is a comparative market analysis based on recent
similar sales in the area of your new home. A Realtor should not
just give you their opinion offhand, but should be able to document
and support their value assessment.
Do you request that all potential buyers be pre-approved for a loan
before they submit a contract offer?
As with the agent who previews the properties they are
showing you, agents who require that you be pre-approved for a loan
before submitting an offer, are agents who respect your time as
well as their own. In fact, many of the most successful (and smart)
agents in the industry require that you be pre-approved for a loan
before they will show you any property. This prevents the
heartbreaking scenario where you go out and fall in love with a
home only to discover that it is not financially possible for you
to own it. You may think that this is an awful lot of trouble to
go through just to look at homes, but the agent who genuinely wants
to help you find the home that is right for you will insist upon
ready to work with an agent yet considering a For Sale By Owner
(FSBO), or would like to start looking on your own? Get ahead of
the game by getting pre-approved anyway. An Allegro
Lending Source mortgage consultant
will be glad to help you determine just how much home you can buy
right now and/or provide you with guidance on how to get to the
price range you want. Contact
us today! Your
free Real Estate Assistant software details
the difference between a pre-qualification and a pre-approval, and
provides you with mortgage calculators to give you a ball park figure
of what you can comfortably buy. Get your free Real
Estate Assistant now!
return all my calls in a timely manner?
Because lack of
communication is one of the biggest complaints in the real estate
industry, it is important that you get the agent to look you in
the eye and assure you they will call you back promptly when paged
or called. Everyone is human, but on average, you should get rapid
responses--or at least know when to expect a response--to your inquiries.
Repeated failure to do so is reason to cancel your agreement.
Do you have
a list of personal references and a list of past clients? Can I
call on them?
is a very good way to ensure that you have picked a good Realtor.
If you make sure to call on some of the past clients, you can get
a very clear picture of the service your agent should provide you,
and what standards you should be able to expect. Take notes so that
you can point out to your agent during your real estate process
that you would like this or that service they arranged for their
be present during all contract negotiations for the purchase of
you have enlisted your agent to be your real estate advisor, they
should always be personally present during all contract negotiations.
This will save you large amounts of time, and worry, if a problem
represents some general guidelines in selecting a real estate professional
to assist you in the purchase of your home. They are not hard and
fast rules as some of the most successful and agressive people in
the industry have been in the business less than 5 years and do
not work for large companies. One of the best ways to find a real
estate professional is to ask neighbors, friends, and family members
for recommendations of people they have enjoyed working with. These
people will be in a much better position to tell you what you can
actually expect from the person you're thinking of engaging to help
you find your home.
a list of Pre-Screened Real Estate Consultants (not salespeople)
in your area who specialize in Helping People rather than selling
simply Click Below...
Real Estate Consultants
have our State-of-the-Art Free Loan Finder Computers search over
500 different loan programs for you to help you find the best loan
and interest rates, Call Allegro Lending Source anytime at 832.476.3498