
Your real estate agent should be your greatest advocate throughout the process of making one of the biggest purchases that most people make in a lifetime, so it's important to understand exactly how the relationship between buyer and real estate agent works. Knowing what to expect when working with an agent will help make the process as smooth as possible and make it easier to accomplish your real estate goals. Get started with our buyer's guide to working with an agent.
- Prepare Yourself for Buying a Home
If you're familiar with the home buying process, it's helpful to get an idea of your overall budget and down payment that you can afford for your home before you hire an agent. Getting pre-approved for a mortgage is also a great idea. If you're buying a home for the first time, the right agent can help guide you through this part of the process.
- Find Your Agent Before You Start Your Search
In order to save both you and your agent some time, it's wise to wait on hiring an agent until you're serious about purchasing a home. So if you're just browsing listings online, you might wait to hire an agent. But if you're ready to start visiting open houses and making offers, then you'll definitely want an agent at your side.
- Know What You Want and Set Expectations
It's easier for your agent to help you find the right home if you understand what you want, and communicate it clearly to them. You'll save time by not visiting homes that don't fit your needs, and your agent will be able to make better recommendations when they understand exactly what you're looking for in a home.
- Practice Good Open House Protocol
In some markets, visiting an open house without an agent accompanying you is discouraged. If your agent says that solo visits are okay, make sure that you have a few of their business cards so that you can show the seller that you're represented. While it's generally okay to ask questions about the home, avoid asking questions about the seller or their motivations for selling.
- Avoid Contacting the Seller's Agent
The job of the seller's agent is to represent in the best interests of the seller, while your agent is there to represent you. So you shouldn't have a need to contact the seller's agent or to answer their questions about your motivations for buying a home. Let your agent handle any interactions with the seller's agent.
- Rely on Your Agent During Negotiations
As you move forward from searching for the right match to making an offer and negotiating, your agent's experience is very valuable. Lean on them throughout the negotiation process, in order to get the best results.
- Don't Be Afraid to Ask for Advice with Paperwork
Real estate transactions involve plenty of paperwork, and not every document will be easy to understand — especially if you're buying a home for the first time. When in doubt or when you have questions about paperwork, don't be afraid to ask for advice from your agent. They have the experience, and part of their job is to help you understand what you're signing when you fill out real estate paperwork.
Throughout the process of working with an agent, always remember that they're there to help you. If you have questions about the purchasing process or the services that they provide, your agent should be a great source of answers. Clear communication will make life easier for you and your agent.