Buying a home is the most significant financial decision for most Australians. And for this reason, you shouldn’t skimp on getting professional advice.
A recent study showed that 58% of property buyers spent less than an hour inspecting the property before purchasing it. Some of the respondents said that they lacked the skill and experience for property inspection, while others were already tired and have grown impatient checking various properties.
If you also have these concerns, we strongly suggest that you hire a real estate agent. But how do you find the right one?
1. Research Is Key
Max Funding’s Second Mortgage Consultant Shane Perry advises property shoppers to look for a real estate agent with a history in the area they’re interested in. He says, “Ask for metrics, such as average durable on the market, auction clearance rates, and price range. This information can give you a hint of what its like working with them.”
Find an agent who’s been in the area for years. With sufficient local knowledge, it will be easier for them to find the perfect property for you.
Also, don’t forget to ask for recommendations from family and friends.
2. Test Your Candidates
Once you’ve narrowed down your options, contact them via call or email. This is to know how responsive the agent is. If it takes more than one business day without a decent explanation, you may have to consider others. Buying a home is a huge decision, and you’d want to work with someone who’ll be there when you need them.
Ask for a personal interview so that you can thoroughly discuss the methods of communication, availability, and house visits. Here are 7 questions to ask when buying a home in Australia.
3. Technical Expertise
If you have a significant renovation or business plans, it’s essential to ensure that the local government allows it. An experienced real estate agent has in-depth familiarity with local zoning codes and can show you properties where your plans can be actualised.
So, it’s imperative to check the experience of your candidates. If possible, prepare technical questions related to real estate and your plans for the property. See if they can answer these accurately.
4. Ask For References
Most real estate agent these days have online profiles where previous customers can leave reviews. Read as many reviews as you can about your candidates. Steer clear of those with consistent complaints. Remember to distinguish complaints about the agent from complaints about the stress of buying a home.
Ask your potential agents for references. Real estate professionals understand the power of word of mouth; so, they always prepare names and numbers of previous clients willing to attest to their skills and integrity.
5. Trust Your Gut
Chemistry is just as important as knowledge and experience. Go with a real estate agent that you’re most comfortable working with. You should feel that he/she can be trusted and is willing to cater to your concerns.
Are you interested in real estate but would like to check its title, survey plan, and property evaluation first? Find all this crucial information at Property Registry.