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First Time Home Buyer

Hi All,
I'm a first time home buyer and i'm confused about real estate agent.I have looked at Remax Agents/Coldwell agents ..Do i have to go by the company or individual real estate agent or the agents with out affliation to any big companies are better

I would appreciate if someone experienced would give some advice
  • December 07 2013 - Trumbull
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Answers (15)

Hello again, there are a bunch of real estate agents and companies who can help you out. If you've found a house that you like its a good idea to talk to a loan officer and get prequalified. This will show you how much home you could afford and also be taken more seriously.
  • January 07
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You can work with any agent, from any company.  I would suggest interviewing a few agents so that you can see which you feel is the best fit for your needs.

Good luck!!
  • January 07
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Hello saphana81, this has been a hot topic lately. With the new year a lot of people have made resolutions to purchase their first home. I wrote an article for my company the other day which will give you some insight to the programs available. Take a look at it and let me know if you have any questions!

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  • January 07
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One of the first steps in the home buying process is to speak with a lender to get a home loan as well. When you do apply for a loan, lenders like myself will need to look at several different aspects of your finances if you are trying to prequalify for a loan. Here are some things that are looked at:

1) Proof of income for each person that will be on the mortgage which can be demonstrated through: one month of pay stubs, previous year's W-2 forms and tax returns, official documentation to demonstrate other forms of income (alimony, child support, etc.), and two year's tax returns if self-employed (all schedules, all pages)

2) Credit Report which they will pull

3) Employment History or Business Tax Returns if you're Self Employed

4) Personal assets such as: Recent balances and statements for bank accounts, most recent account statement demonstrating market value of any investments (stocks, bonds or certificates of deposit), documentation showing interest in retirement funds, face amount and cash value of life insurance policies, value of significant pieces of personal property, debt information, the balances and account numbers of your current loans and debts, including car loans, credit card balances and any other loans you may have.

These are just a few things you should have ready when you begin your buying process. Well I hope this helps, if you have any other questions or need a loan please contact me through the information on my profile page. I hope this helps and good luck!
  • December 09 2013
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Hi,

Like everyone has said, it's usually more the agent than their company. You will rarely deal with the agent's broker but the agent him/herself needs to be someone you are comfortable with and you trust.
Communication is the key - if you like to talk on the phone but your agent prefers to email, or you like to meet in person but your agent prefers to text, there might be miscommunication and misunderstandings.

Good luck with your search and hope you are in a new home soon!
  • December 07 2013
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Great question!!  Interview your buyers agent just as you would interview any other professional for their services.  Communication is the key, are they willing to listen to your needs and not their needs?  Will they do extensive searches to help you fnd properties that match your exact buying criteria.  Be up front with your agent, let them know your maximum qualified budget.  Your must haves in a property, then there are the features that you would like to have if at all possible.  You shold get dozens of properties on paper to consider before even looking at them in person, saves everyone a lot of time. Then Identify your top 5 or 6 best properties for a personal preview.  Ther are then several more steps a good buyers broker will do to make sure you are getting the best possible property within your aniticipated budget.  Look for an agent with the ABR certificate. He or she will know how to represent you and not the seller!  I hope this helps with your search.  By the way it doesnt matter whether your agent is with a big franchise name or not, there are good and not so good in all offices. 
  • December 07 2013
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It's important that you have a sense of trust in the agent you choose. Talk with several agents and listen to your gut. Experience DOES matter as does the relationship you build with your agent. There are good agents in small and large companies. Don't be afraid to tell the agents that you are interviewing before you commit to one agent. A good, hard working agent can make the transaction as fun and as stress free as possible for you while negotiating the best deal they can for you.

Good luck at this exciting time for you!!

-Tesa Noonan, REALTOR
  • December 07 2013
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Lot's of good answers so far.  There has to be a good match between you and the agent.  The agency size isn't the key to success.  I've also seen agents with years of experience or a boat load of certifications after their name fall short in their delivery of a high level of service to the clients they represent.

When you try to see who's successful, you often see an agency sign or agent who's got a lot of work as a Listing agent (someone who is working with a lot of Sellers).  That visibility doesn't mean they are great Buyer's agents or the best serving you as a Buyer's agent.  Some agents are exclusively Buyers agents and take no listings.  Does that make them better?  Not necessarily. 

You deserve representation and to have your interests protected.  You can have a Buyer's agent represent you only by having a written agreement.  That agreement might be for just one home/showing.  It doesn't have to be for 6 months or longer.  Hope this helps.


  • December 07 2013
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Go by the agent and their system and your personal feelings.  Interview several and take time to decide. 
  • December 07 2013
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Those are great questions. I would highly encourage you to seek the advice of a Certified Residential Specialist. This designation is viewed in a similar manner to a Master's Degree in the sale of residential real estate.  This indicates that a person has the sales history of properties sold plus the advanced education for REALTORS.  If I have a friend or client moving to a new area, I do the research of top agents in that market that understand the homebuying process thoroughly.  Many of the offices will have "newbies" that answer the phone calls and potentially go to show that buyer from the company's sign.  The downfall to that is that the agent may have just obtained their license and have not represented anyone yet.  They may be learning the process alongside you.  The purchase of your home is an exciting time and I'd encourage you to look for someone who has substantial experience and sales history.  If I were to need heart surgery, I would be looking for someone that has extensive knowledge.  I don't want to be their first.

Hope all goes well with your home purchase.  If you have any questions, please call or write back.
  • December 07 2013
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Hi--I understand how confusing it can be. I am a broker with over 20 years experience and so is my husband. The most important thing in my opinion is the agent. It's the agent's know how, work ethic and several other things as well. If you would like to talk to me please send me your contact information. Regards, Mary Ann Laurita Berkshire Hathaway HomeServices
  • December 07 2013
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Generally speaking it's the agent that matters, not the brokerage.  Some brokerages do have "transaction fees" in addition to the commission which aren't the best, but they tend to be tiny in comparison to the purchase anyway.

Talk to some agents and see which you think you'll work with best.

--
- This is not legal advice and is not intended to create an attorney-client relationship.  The post is only an opinion.  You should speak to an attorney for further information.  The poster is licensed only in CT & NY.    If this post is useful to you, please remember to upvote it.
  • December 07 2013
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We suggest that you go with the Buyer's Agent that fits best with your expectations.  By that, we mean someone who makes time to show you homes in your price range, in the areas you specify and with the wants and needs you expect  in a home, i.e. homes with a basement & the agent shows you homes on a slab.  Also, even though you can look for a home on-line, your Buyer's Agent should select homes & e-mail you homes that fit your wants & needs.  The company the Buyer's Agent is affiliates with does not matter nor does the years of experience. Ask your friends, co-workers, boss, neighbors, etc. for recommendations.
  • December 07 2013
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Interview a few agents and ask questions until you find someone you trust. No question is too small if it matters to you. There are good agents and not so good agents in every company, the same as there is in every industry. Ask for referrals when you find someone you like to see if their experiences with that agent are what you expected. This is an exciting and sometimes scary time. Best of luck to you!
  • December 07 2013
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To me it's not the company but the agent themselves who stands out, works hard and is ethical.
  • December 07 2013
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