5 Tips for a Healthy Working Relationship With Your Real Estate Agent
According to the US Census Bureau and the National Association of Realtors, there were over 822,000 new construction home transactions and 5.83 million existing homes sales in 2020. In May 2021, properties stayed on the market for an average of 17 days, with first-time homebuyers accounting for 31% of all transactions.
As a first-time homebuyer, you may need to cultivate a healthy relationship with your real estate company to ensure a flawless purchase. You can gain access to hot property deals. Additionally, a strong agent-client relationship enables you to negotiate the best price possible for buying a new house.
Here are five tricks and tips to help you make your experience with the real estate company a good one.
1. Get a Proper Referral
One of the best and easiest ways to find a real estate agent is by requesting recommendations from your social circles. The real estate industry is huge on referrals. Your network can help you find a perfect fit for your needs. Be sure to conduct research on the referrals provided. Determine the agent’s work ethic by how they respond to your initial inquiry. Reading through comments, testimonials, and recommendations on review sites can help you weed out any real estate company that you may not feel comfortable working with.
2. Establish Good Communication Channels
One of the best things that Los Gatos real estate agents can do is to communicate effectively with their clients. Clear lines of communication are key to keeping you informed on every step of the home buying process. Statistics from the National Association of Realtors show that 93% of real estate agents prefer to communicate through text messaging, 90% through phone, and 89% through email. If you prefer a face-to-face meeting, let the realtor know.
3. Notify the Agent of Your Needs and Wants
Homeowners that end up dissatisfied with the services provided by a real estate company can trace the disconnect to a breakdown in communication. The agent offering help buying a house needs to have a thorough understanding of what you are searching for. Your needs may stand for the non-negotiable amenities, price points, or features. Your wants may represent perks that would be nice to have but aren’t necessarily deal-breakers.
4. Realize You Are on the Same Team
Chemistry with your real estate company is everything during the house-hunting process. You may need to cultivate some level of trust, allowing the agents to do their work without pestering. Take the initiative to get to know the realtor. When meeting in person, focus on having a good conversation revolving around the agent and their business. Establishing trust can help your realtor to effectively carry out their tasks of finding the best house deal for you.
5. Show That You Are Serious
Most real estate companies are often approached by individuals purporting to buy a house but are working hard to make the deal happen. You may need to show that you are serious about the home search. Having your documents and finances in order is one way. If the agent understands your intention, they may go a long way in finding the right home for you.
Dealing with a real estate agent doesn’t have to be difficult. If you are searching for a real estate company in Los Gatos, reach out to Stephanie and her team.