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Tuesday, March 08, 2011

Questions to Expect When You Call a Real Estate Agent for the First Time

This is not an all inclusive list of questions however, if you are a first time home buyer or have been out of the market for a while, these may help you prepare for the questions your real estate agent will want to know early on in the home buying process.

The questions  will provide the answers which are key to your real estate agent knowing how to best assist you in the buying process.  [These are presented in no particular order.]
  • What are you looking for? [condo, single family, 55+ community, golf course, beach front, gated – nothing specific yet.]
  • Will this be your primary residence or a second home? [Is this an investment property, holiday/vacation home only used in winter, primary home, etc.]
  • Are you familiar with the area? [Brevard County, Florida is about 75 miles north to south. Each area has its own price ranges, offerings, etc.]
  • What is your price range? [Key factor although if one is not aware of the local market it may be a bit difficult to answer precisely so a ball park.]
  • Have you arranged for a mortgage pre-approval or have proof of funds if it will be a cash transaction? [The ability to purchase is critical.  No one wants to find the perfect house only to not be able to purchase it.]
  • What is your time frame? [Short sales may be a consideration if your schedule is flexible. If it is a job transfer then time may be critical.]
  • Are you working with another real estate agent? [This is key as you can be best served by using one real estate agent.]
  • Are you familiar with the home buying process?  [It is important to know your knowledge level.]
The above questions are not the “detail questions” that will be asked later to help your real estate agent identify the specific homes, neighborhoods, and amenities you are looking for in a home.  Those questions will come after the initial, but necessary,  “get to know each other” questions outlined above.

The home buying process can be stressful.  You will likely spend a lot of time with a real estate agent. Open, forthright communication is the best approach to successfully finding your new home.  And it starts with the initial questions.

If you are considering purchasing a home in Brevard County, Florida, call me directly at 321-693-3850 or email me. 

Gary L. Waters, PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge
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