3 common pitfalls when choosing a buyer's agent

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by Erin Eicher0 views·Updated Mar 14, 2022

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  1. in a real estate market like this,
  2. it seems like everyone either knows a real estate agent or is a real estate agent.
  3. But just because the name is familiar to you or someone,
  4. you know that doesn't mean that they're the best fit to help you find a home.
  5. Hi, this is Aaron Iker managing broker with re next Clinical and Durango
  6. Today. I want to cover the three most common pitfalls
  7. that you might find yourself in when looking to hire
  8. a buyer's agent to help you find your next home.
  9. Number one,
  10. not totally understanding what their availability is to show homes,
  11. this seems so simple.
  12. But the people who have been in the business
  13. the longest are typically also the busiest and the
  14. people that are new to the business may have
  15. more availability but may not have the necessary experience.
  16. So how do you understand who's going to be there for you when
  17. you want to see the house that just came on the market?
  18. Listen, things are moving incredibly fast right now.
  19. So availability of an agent is actually really important right now.
  20. And even though you may pick an agent who is top of the market extremely busy,
  21. they may be partnering with someone else who
  22. can be more available to show you property
  23. are, do they have the necessary tools and resources when it comes to seeing homes
  24. to make sure that you don't miss the perfect house when it comes on the market.
  25. Second common pitfall,
  26. not asking a virus agent how they get paid.
  27. This seems like such a simple thing.
  28. However, in most cases, sellers have negotiated with their listing agent,
  29. the amount of commission that will actually be paid to the buyer's agent,
  30. here's the trick.
  31. Buyer's agents will use this to try and convince you as a buyer
  32. that you're not paying for it.
  33. But as with any commodity or product or service out there,
  34. the price of the support behind the transaction is
  35. built into the purchase price of the house.
  36. So if you have a buyer's agent, when you ask this question that says,
  37. oh, you don't pay me,
  38. I'm free. I work for free. Run the other direction.
  39. A good buyer's agent should be more than comfortable talking to you
  40. about what their commission is and explaining why they're worth it.
  41. The third and last common pitfall
  42. is assuming that whoever you hired has the necessary experience and support.
  43. I understand it's extremely tempting to want to work with someone because someone,
  44. you know, has recommended them because they're familiar with their character.
  45. And I'm not saying that character doesn't matter because character does matter.
  46. But characters should be the minimum bar for entry.
  47. When it comes to working with someone in this business.
  48. You also want someone who has the necessary experience
  49. or has the necessary support to help them
  50. listen, new is not always bad.
  51. A new agent is going to be tenacious,
  52. ferocious and they're gonna want to give you all
  53. of the attention that you deserve and that's good.
  54. But if they're new in the business and they stepped
  55. in without a team or supervision or support behind them,
  56. that can be a real big problem.
  57. And on the other side of this experience does
  58. not necessarily just equal years in the business experiences.
  59. How many good experiences have you had with people in the past,
  60. trying to accomplish what we are trying to accomplish.
  61. There's reviews online, There's so many ways to figure this out.
  62. Ask other people that they've worked with, don't be afraid to date in on this.
  63. This is one of the most important financial
  64. decisions that you're going to make in your life
  65. and you want to make sure that you're
  66. properly supported and advocated for throughout the process.
  67. I hope this was valuable.
  68. There's anyone we can help you with. Please let us know