Hiring a Real Estate Agent | homegenius

    Choosing a real estate professional

    Your real estate agent plays a big role in managing your home purchase. They act on your behalf and help you negotiate the price. It’s an important job, so make sure you connect with an agent who suits your needs.

    Now then, ready to find a quality real estate agent to guide you through the homebuying process? Here we go:

    1. Use homegenius connect to find your agent.

    Homegenius connect gives you access to experienced real estate agents in your area to match your particular needs.

    2. Once you’ve selected an agent that is right for you, some questions you may want to ask include:
    Do you typically represent buyers?

    There are two types of agents involved in a real estate deal

    1. Listing/seller’s agents who represent the seller
    2. Buyer’s agents who represent (you guessed it) the buyer

    Some agents provide both services. But many prefer to specialize in one or the other.

    Do you limit your practice to a specific area?

    Agents typically work in self-defined territories. So look for an agent who is familiar with your desired area. They’ll be better prepared to help you make an informed decision about more than just the house. They’ll know about the surrounding community, nearby shopping, commute times, and more. You should also make sure that they are licensed in whatever state you are searching for properties.

    How long have you worked in the area? For the company? As a real estate agent?

    It’s OK to ask about their experience. This is one of the biggest financial moves of your life, after all. So don’t leave room for doubt. Let them tell you about their service, their experience, and their knowledge. Then evaluate them based on the type of guidance you’re looking for. 

    Do I have to sign a contract to work with you?

    Most states require that a licensed real estate agent sign an agreement that clearly indicates they will represent you in the purchase. You can negotiate the term of this agreement (typically three to six months). And you may request that they include a provision that allows you to terminate the agreement with proper notice if you are unhappy with their service. It is important to read this agreement carefully before signing so you know what’s expected of each party. You may want to consult your attorney in the review of this agreement.

    What happens when I find the home I’m looking for?

    Know the best way to communicate with your agent and keep them informed as you attend open houses and update your preferences.

    Choosing the right closing or title agent

    Generally, the buyer usually has the right to choose the closing agent for their purchase. (A closing agent can even be a title company or an attorney.) The closing agent is a key player in the deal, but they’re sometimes overlooked. You should consider picking one that’s responsive, timely, and thorough.

    Your closing agent may be responsible for, but not limited to, the following activities:

    • Preparing the closing statement that lists all expenses related to closing 
    • Calculating the costs associated with loan interest, insurance, and taxes
    • Obtaining a title report and issuing or arranging title insurance policies
    • Collecting and coordinating all essential paperwork and escrow payments
    • Transferring and recording the deed

    Some things to consider when choosing your closing agent:

    Financial stability
    A title insurance policy is meant to provide insurance coverage for your home as long as you’re the owner. You may want to partner with a financially-strong company to safeguard your coverage for the future.
    Reasonable fees
    Some title companies may charge additional fees at closing. These fees may include wiring services, postage, filing, processing, and more. You may want to ask the company what extra fees are included to get a better understanding of what your closing costs will be.
    Technology solutions
    Digital solutions may save you time and money at closing. They also offer more control and less stress. Some closings may even be a fully-digital experience now. You may want to ask your closing agent what technology their company offers to make your deal more efficient.