What questions to ask a real estate agent

What questions should a Realtor ask a lender?

For Brand New Realtors: Interview Questions to Ask Loan…

  • Do YOU have any personal or business relationship with any other part of the mortgage/real estate machine? …
  • Are you co-marketing with another lender? …
  • Who are some of the other Realtors you work with? …
  • How does your company prioritize purchase money loans over refinances? …
  • How long have you been originating loans?

How do you outsmart a real estate agent?

The second way real estate agents try to bamboozle you is by telling you that there is another buyer. They do this to scare you into buying quickly. A simple way to outsmart them is by spending some time outside an open house and seeing for yourself how many people actually show up.

What questions should I ask the seller when buying a house?

10 Investigative Questions to Ask a Home Seller

  • Why Are You Selling?
  • Length of Time on Market.
  • Previous Selling Prices.
  • What Is Included in the Sale?
  • Area Nuisances and Neighbors.
  • Lead Paint and Natural Hazards.
  • Past Problem Conditions.
  • Age Of Components.

What should I not tell a real estate agent?

7 Things NOT To Tell A Real Estate Agent (Ep125)

  • You’re In A Rush. …
  • How Much You Are Willing To Pay. …
  • That You’ve Just Missed Out. …
  • That You Absolutely HAVE To Have It. …
  • You Have No Idea About The Market. …
  • That You’re An Outside Investor. …
  • Your Future Plans To Add Value.

Why do Realtors recommend lenders?

Some agents choose their preferred lenders because they get deals closed quickly and reliably. That’s also good for buyers, but the missing element in this equation is the loan cost. The in-house lender may feel that they have you “buttoned up” as a customer. They may feel they no competition for your business.

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What is the difference between a lender and a realtor?

In a nutshell, real estate agents focus on the buying and selling of property while loan officers deal with the financial side of obtaining a mortgage. … A loan officer can guide you while comparing loan products from different lenders to ensure you’re getting the best rates and fair fees.

Why do estate agents lie?

Do estate agents lie about offers anyway? … Estate agents are unlikely to lie about offers, because the risk of a buyer withdrawing from a sale is not worth the small amount of money they will gain if you increase your offer. It is true that many estate agents earn commission on the final sale price of a house.

How do you get your foot in the door in real estate?

9 Ways To Get Your Foot In The Door As A Real Estate Agent

  1. Partner with other agents. Perhaps a particular buyer or seller is not a great fit. …
  2. Use a publicist. …
  3. Offer stories to reporters. …
  4. Tap vendors and investors for leads. …
  5. Host lots of open houses. …
  6. Don’t turn down any deals. …
  7. Nurture relationships with past clients and referral sources. …
  8. Cultivate an online presence.

Do real estate agents have to present all offers NSW?

Most real estate agents don’t disclose offers to other buyers. … Legally, agents in NSW are allowed to disclose current offers to any other potential buyers. Agents are required to inform the seller of all offers made to purchase the property, but there is no law to prohibit the disclosure of offers to potential buyers.

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Can agents lie about other offers?

Those rules and laws would prohibit the real estate agent from lying, but the agent has the ability to market the property to get the seller the best price possible. … If the seller has other offers, the listing broker usually will come back to you and ask for your best offer.

Can buyers and sellers talk to each other?

Buyer and Seller and Ethics

That’s why a seller should communicate through his listing agent, and the buyer should communicate through his buyer’s agent. … As a general rule it certainly is not a good idea for a buyer and seller to talk directly with each other during negotiations.

What should I ask at an open house?

10 Important Questions to Ask During an Open House

  • How many offers have been made? Does the agent look happy? …
  • Has the asking price fluctuated? …
  • Why do the sellers want to move? …
  • How long has the property been on the market? …
  • Are there any issues with the home? …
  • When was the house last updated? …
  • How much do utilities cost? …
  • What’s the seller’s timeline?

Should you tell your realtor your budget?

No reason to let the sellers see what you can afford. If your realtor consistently shows you houses above your budget, or houses that do not meet your criterai, then as mentioned above – get a new realtor.

When should you talk to a realtor?

Once you are about 4-6 months from your target closing date it is time to meet with your agent, more clearly define what you are looking for and start actively looking… also get your financing pre-approval. Average time to find a home is about 3 months, plus another 1-2 months from purchase agreement to closing.

9 months ago

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