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seller fiancing a home - is it your best option?

Are you thinking about selling your home? Has someone approached you about seller financing the home? Is this an option that you need to know more about? Working with a real estate agent can help you avoid costly mistakes when selling your home. He or she can help you learn about seller financing and determine if it would be a good option for you to consider. My real estate agent helped me sell my home to a wonderful family that didn't have credit that was established enough to take out a traditional mortgage. Visit my site to find out what we looked for to determine if this was a wise decision for us to make.


seller fiancing a home - is it your best option?

5 Questions To Ask A Potential Real Estate Agent

by Dan Vasquez

Whether you're looking to buy, sell, or invest in a property, finding the right real estate agent for your goals is the first step. With advertisements, online listings, and other information, it can sometimes be hard to tell if you've found the right representative for you. Before settling on a real estate agent, give them a call and let them know you're a potential client, and ask them if they're open to a quick Q&A session with you. If not, that may be your first red flag. If they say yes, give these questions a try to get an idea of their skill, experience, and expertise.

How Many Properties Do You Represent?

Finding out how many properties your real estate represents is important. If the real estate agent barely has any properties, that may speak poorly about their ability to appeal to clients and negotiate sales. However, if they have too many, you may want to look elsewhere. A good follow-up question to this one is to find out how long, on average, they've represented the properties they're currently responsible for.

What Have You Closed On Recently?

Whether you're looking to buy for a low price or sell for a high one, it's a good idea to ask how much a real estate agent was able to get for the properties they've closed on recently. It will give you a good idea of what you can expect from your sale or purchase, and it'll help to give you an idea of the agent's negotiating skills.

What Price Was Originally Asked For and What Did You Close At?

Again, this is important for both buyers and sellers. If you're looking to buy, it's a great sign if your real estate agent was able to work with the seller to bring the price down, since it means they may be able to get you a similar bargain. Alternatively, if you're looking to sell, you want to find a real estate agent that's able to get as close to the original asking price as possible for their clients.

Do You Work For Buyers, Sellers, Investors, or All of Them?

Some real estate agents can balance working with multiple types of clients and properties, but you might want someone who specializes. This question can help you to determine if your real estate agent is focused enough on what you need.

Have You Earned Any Extra Credentials or Awards?

Lastly, every real estate agent you consider working with should be licensed by the state and able to prove it. However, there's a good chance the real estate agent you're talking to has gone beyond simply getting a license. Finding out if they've earned any awards from fellow real estate agents is a great sign that they're well-respected in their field, which means they're a good choice for you. In addition, they may have taken additional courses or education to further their career, like becoming a Realtor or becoming a certified residential specialist.

Whether you're buying, selling, or investing, starting your real estate journey can be an exciting and nerve-wracking one. Before you get too far ahead, make sure that the real estate agent you hire is the right one for you.