How do real estate agents work?
Every real estate agent I know is an independent contractor. That means they could set their own pay schedule. It is very common that a buyer's agent is paid out of commission that the home seller has agreed to pay, rather than money from the buyer. Most agents specialize in a particular area and you may have to work with two or three if you want to look at some in Upstate New York and others closer to NYC, or some in Houston and others in Dallas. Most do not require any hourly fee or guarantee. But they will work much harder for you if they think there is a good chance they will get paid. The best way to find a Realtor, or a lender, or a home inspector is to ask friends and relatives that have bought a home recently who they used and if they were happy with the service.
Attend open houses. Also, pick up the local real estate books that they give out for free. Find a few houses you like and call the listing agent and ask to see the house. That will give you a chance to meet a few local agents and see if there is anyone you mesh well with. We used Remax with our last purchase/and sell. However, I would not base my decision on a specific company name....each realtor is different and unique. Try to stick with a company that has a more well known name (none of those discounted fees places or tiny companies) so you know you are getting the most accurate information possible. If possible, it would be nice if the agent was close to your age, so that they can relate to why you are looking for certain features or locations, and can better foresee other homes that may be perfect for you that maybe you are overlooking as being somewhat unfamiliar with the area. Good luck! Look at several houses before making any offers!
Generally you won’t pay for their services. The buyer’s agent’s commission comes from a portion of the listing agent’s commission. You might not find a house. The agent expects to get paid if they actually get a sale closed for you. They do understand that sometimes circumstances or wants change and you won’t be buying right. As long as you were happy with their services, they just hope you’ll come back to them when you are ready to buy and/or that you’ll recommend them to your family friends when they want to buy. Reccomendations from people you know trust are huge.
realtors know the surrounding counties pretty well. you dont usually pay them unless they help you get a home. as for the right agent, the right ones will let you pick the house you want, not the house they want to sell you.
If you need a Realtor in the State of Florida. Please contact me: I work Residential Commercial Real Estate. Thanks! :) Grace C. Rodriguez PA with: AB Realty LLC