How to Pick a Real Estate Agent for Buying a Home
Today’s evolving housing market is notably different from what we’ve experienced in the past few years. 2023’s soaring interest rates and low inventory, coupled with some sellers’ inability to adjust to a different demand, have complicated market conditions. With this current landscape in mind, arguably the most important first step in your homebuying journey is knowing how to pick a real estate agent.
According to a recent report by the National Association of Realtors, 90% of buyers said their agent was a useful source of information when navigating the homebuying process. When you choose well, your real estate agent will be your guide as you find your perfect home and make it to the closing table. They will walk you through everything you need to know and provide resources you can’t find anywhere else.
In a previously hot seller’s market, agents were necessary to submit quick offers and help buyers win bidding wars. However, with the current shifting market trends, the days of shrewd negotiating are back. You need a buyer’s agent with the skills and experience to negotiate repairs and updates, as well as price.
Choosing an agent who can fit the bill can be daunting, so with the help of a few veteran real estate professionals and some extensive research on our part, we created a handy 17-step guide for picking your agent, getting you that much closer to homeownership.
What does a buyer’s agent do?
A buyer’s agent acts as an advocate for the buyer throughout the homebuying process. Their duties include (but aren’t limited to):
Understanding what you’re looking for in a home
Matching your objectives with how much you can spend
Leveraging their experience and connections to identify appropriate properties
Scheduling home showings
Walking through homes with you and gauging your interest
Lending emotional support during the process
Writing an offer and handling negotiations
Overseeing the next steps once an offer is accepted — helping with financing approval, keeping track of timelines, explaining the inspection report
Attending the closing and ensuring it goes smoothly
