Can Your Real Estate Agent Answer These Vital Questions?
Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decisions. Most agents can walk you through the process and explain the industry 'lingo,' but you should expect a whole lot more than that.
The housing crisis made everyone aware that truly understanding the real estate market is more complicated than it seems. Today, there are many questions your real estate agent must be able to answer to ensure your family is making the right decision. Here are just a few:
What impact does the change in mortgage interest rates have on buyer demand?
With home prices increasing rapidly, are we headed toward another housing bubble?
Do you need a 20% down payment to purchase a home or how much?
Why can't we list our house at a higher price and drop it later if necessary?
When you are interviewing an agent to represent your family in your next real estate transaction, make sure they intelligently answer all your questions, while simply and effectively explaining what is going on in the current housing market.