The Key to Buying a Home This Year: Questions to Ask Your Real Estate Agent

When it comes to buying a home, you need to be committed to your goal. In this highly competitive market, you need the right people on your team and the right real estate agent in charge of your game.

The right real estate agent will help you successfully buy the house of your dreams. They can provide you with straight answers about anything related to buying a home.

Here are six crucial questions you need to ask your real estate agent:

1. Will I Have To Pay You?

Some home buyers avoid working with Realtors® or agents, believing that it will save them money. This isn’t necessary, however, because the buyer is not responsible for paying any real estate commission. Home sellers are typically responsible for paying the Realtor® commission for both their and the buyer’s agents. 

Also, commission is paid from the home sale proceeds; it isn’t added on top. This helps ensure that the seller doesn’t have to price their property above market value to cover commission costs. 

Commissions are paid from the seller’s proceeds at closing, and traditionally disbursed by the escrow or title company to each agent’s brokerage.

2. How Much Are the Closing Costs?

When you’re buying a home, you should know how much the closing costs will be. Your real estate agent should tell you how much money you will need to pay to close the deal. You should also be aware of what these closing costs entail to prepare your finances accordingly.

3. Are You Willing to Negotiate the Price of the Property?

A real estate agent should help you negotiate the price of a property. Your agent should also take into account recently sold properties that are comparable to the one you will be offering on to make sure that you aren’t over-paying. You should know whether your real estate agent is willing to work cooperatively with area agents to get you the best deal and makes the extra effort to see it go through. If your real estate agent is not ready to negotiate the price and advocate for you as a buyer, you should look for another agent who will go the extra mile.

4. When Can I Pay For the Home?

You need to have a clear overview of the timetable for paying for your home. Your agent should provide you with a timeline to know when to pay for the property.

Moreover, you should also know about potential delays. It is common for issues to arise when buying a house, and some can delay the process. If you know that potential problems may arise, you can prepare yourself mentally and prepare a backup plan.

5. Can You Provide Me with Some Referrals to Good Mortgage Lenders?

Buying a home is expensive, and you will need to secure a mortgage loan to buy that home. Your real estate agent should have quality referrals from good mortgage lenders. This will ensure that you get help from the right professionals.

Conclusion

You must ask your real estate agent the right questions about buying a house, as they will help you understand the home buying process better and make the process easier for you.

It’s also important that you thoroughly consider the answers you get to the questions you ask. You will be relying on your real estate agent to help you buy a home, and these answers help you determine if your real estate agent is the right person for you.

If you are in the market looking to purchase a home, it’s recommended that you get advice from a professional who has a lot of experience buying and selling homes. They will be able to answer all your questions about buying a house and give you the best advice you can ever ask for.

Your real estate agent should put you first and give you the best advice for your situation, no matter what! Here at Folsom Realty, that’s the kind of service we provide. If you want to buy a home in Folsom, El Dorado Hills, Cameron Park, Granite Bay, and the greater Folsom Lake area, contact us today.