When you're buying a house, finding the best realtor to guide you through the process is one of the most important decisions you'll make. An established broker can help you to find the right property based on:
- Personal preferences
- Price range
If you have children, you should work with an agent that's familiar with the local schools and knows about activities in the St. Louis area for kids.
Looking At Houses
The realtor will schedule appointments to tour homes that fit your criteria. They know the area and will discuss the pros and cons of the homes and neighborhoods, and work with you and the seller to negotiate a price that's acceptable to both parties.
Talk To Their Clients
Ask real estate agents that you're considering for a list of recent buyers. You should ask for listings of homes that are in or close to the neighborhood that you're house shopping in. Research homes with similar features and prices.
You should find out what the asking price was and what the home sold for. You should always ask how long the house was listed on the market.
Positive feedback about a realtor is a good indication that you're choosing someone you'll be able to work with productively while you're searching for your St. Louis home.
Collaborate with An Established Agent
A realtor who knows the market is aware of residences in the area that are currently for sale or have recently sold. The agent should be able to discuss details of local properties. There are different designations in the home buying market. They include:
- Real Estate Agent
A real estate agent has a license to sell houses, has completed 100 hours of coursework and passed a state exam. A broker can hire agents to work for him. A realtor can be either an agent or broker who belongs to the prestigious National Association of Realtors.
Specialties within the real estate profession include:
- Certified Residential Specialist
- Accredited Buyer's Representative
- Seniors Real Estate Specialist
A CRS sells residential property and has had more extensive training. An ABR specializes in transactions for buyers. A SRES assists customers who are 50 or older. If an agent is referred to as a Realtor, that means they belong to the NAR.
Choose the Best
A real estate agent that receives Realtor of the Year or other awards is honored by their peers because they're the best in their field. You can find out how long a realtor has had a license from a state licensing board or by simply asking them.
What you should look for, is a realtor that's familiar with St. Louis and the surrounding area and sells homes within a certain price range.
St. Louis and Nationwide Agents
Buying a house can be complicated, especially if you're in the market for your first home. Researching several real estate agencies in the St. Louis area can make the process easier. Most buyers begin their research online.
When an agency has an attractive website with tools that are easy for potential customers to use, they're more likely to choose that agency when buying a house.
Nationwide realtors have links to area sites that make it easier for buyers to choose an agent. Multiple listing services allow prospective buyers to research more properties.
You should choose a realtor that has sufficient listings that indicate a thriving agency without being so large that you don't get the personal attention that's vital in a home sale.
You want to have a diverse selection of residences to tour in your home buying search. Look at the listings the agent has on their website to determine:
- How many are in your area
- What the price range is
- Amenities and special features
Be upfront with your real estate agent and discuss all you want in a home. You have to get a good feeling about the relationship because you'll be sharing a lot of personal information about your finances and will have to be clear about how you want to handle your home search.
Tell the agent your price range, and if there are special features you want, such as an open concept, a loft, or a Jacuzzi in the master bath. The agent can focus on the homes that have the amenities you want.
Understand the Process
When you're house shopping, make sure you understand the process of buying a home. A lot of paperwork is involved, and working with a realtor ensures that there are no surprises at the closing.
The market is competitive, and homes in some locations are always in demand. In such cases, a bidding war for a home may ensue. You may have to bid on more than one home before the price you offer is accepted.
If you don't get the first or second home you're interested in, don't assume it's because the real estate agent neglected to do their job. There are reasons that a bid may not be accepted by the seller. The price you offer may not be high enough.
Sometimes a buyer and seller can't agree on all the details of the sale. The important thing is to be patient. Buying a home is life-changing, so take your time with home buying, so you're happy with your decision.
Make sure you choose a real estate agent that makes you feel comfortable. You'll be spending a lot of time together while you're searching for your new home. In any relationship, compatibility is an important consideration. If you and your agent aren't on the same page, it can cause a lot of stress and frustration, and you want the process to go as smoothly as possible.Have any thoughts or questions about what was covered in this post? Feel free to comment them down below.