Whenever you are buying or selling a real estate, you may think millions of other people out there, that you don’t need a real estate agent. Most people, who buy or sell homes, generally think that a real estate agent is a waste of money. Those who choose to buy a new home, think that real estate agents only add to the cost of purchasing the home.
A lot of real estate agents in Nigeria may work with both buyers and sellers, as against the practices in some other countries where we have majority of the agents specialize in working with either the buyer or the seller. If you are buying a home, make sure that the agent you choose has prior experience of working with buyers and transactions that involve no money down. This way, you can count on your agent to be there when you need him the most - especially if you don’t have a down payment.
If you are interviewing a real estate agent and he or she isn’t familiar with the locality where you are intending to have your home. Familiarity in this sense may not necessarily means having an office in the locality; he or she may have strong networking in the area without have an office there, that may assist him or her in getting familiar with the terrain. So, you shouldn’t hire anybody who is not genuinely connected with your location of dream. Such agents aren’t on the level, or they may lack the experience necessary to help you purchase the home of your dream in that particular locality.
You can also make a list of real estate agents that you can interview based on referrals from friends, lenders, and even family. Lender referrals are normally a great choice as most lenders have worked with their recommendations in the past and both are already familiar with each other. Choosing a lenders referral can also prevent you from encountering any obstacles or surprises.
When you interview a real estate agent, make sure that you have the agent explain his fees. This way, you’ll know exactly how much he will be getting from the purchase. You should also find out how much experience he has in the field, and how long he has been working with real estate. You can also ask about sample contracts as well. If you are buying a home, you should make sure that the agent works with buyers. If you happen to be selling your home, then you’ll want to make sure that the agent works with sellers. Agents that have experience are the best to choose, as it would be very easier for them to deliver with little or no hindrances.
Find a real estate agent is an easy task - providing you know what to look for. If you take things one step at a time and carefully make a decision, chances are that you’ll end up with an agent who has the experience you want. You should always be careful when you choose, and never rush the process. Real estate agents are easy to find, although finding one who fits your needs and has your budget in mind is a little tougher to locate. When you make that final decision, you should always choose an agent who has your best interest in mind - and isn’t just after the money.
