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Home Buying Tips: Questions to Ask your Realtor

By Rebecca Stratton Subscribe to RSS | May 31st 2012 | Views:
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Buying a home, whether you're a first-timer or a veteran, can be outright daunting. Aside from perusing countless neighborhoods, local listings, and websites, you'll have to see the house for yourself to check for nitty-gritty details and determine if everything meets your standards. It is strongly suggested to get help from realtors to speed up the process.

If you happen to know a thing or two about Greek mythology, realtors can be compared to the ball of yarn Theseus used to escape from the labyrinth. They will serve as your guide through the real estate market, steering you away from poor decisions. Buying a house is the biggest financial commitment you'll ever make, so it's only natural to be a little picky or cautious about whom you hire. Here are a few questions to ask your realtor.

May I see your references?

Shopping for a new home should be treated more as a business decision rather than a personal one; you should be as stern as any manager screening applicants during job interviews. Realtors will present you with their sales records, qualifications, and other positive information, but always ask for their references. Call these references and inquire about their experiences working with the realtor.

How many clients are you currently handling?

As said many times before, buying a house involves a lot of decision-making, thus requiring full attention. While there's no magic number to determine how many clients a realtor can handle, juggling a high number like 10 to 15, could indicate his/her time will be divided and you won't receive much one-on-one attention. If your realtor's attention is too thinly spread, there's a remote chance he/she can't ensure your needs are met.

Can I look over the CMA?

Realtors should be capable of giving you a comparative market analysis (CMA). It is a listing of homes currently for sale and recently sold in a particular area. Using the CMA, you can identify the types of homes and features popular among Jackson Hole buyers. You may also want to ask for a Jackson Hole MLS (Multiple Listing Service), which is a collection of private databases used by real estate brokers.

How do you charge for fees?

Most Jackson Hole realtors do not charge a flat fee since they work on commission. The standard realtor commission in the US is between 5 and 6 percent. Although commissions are negotiable, avoid going below the 5 percent mark.

Purchasing real estate Jackson Hole WY can be quite an experience. Luckily, realtors can give you a helping hand. Log on to Realtor.com for expert insights on home buying.

Rebecca Stratton - About Author:
For more details, search Jackson Hole MLS, Jackson Hole realtors and real estate Jackson Hole WY in Google for related information.

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