Getting a real estate agent

Getting a real estate agentThe next question I probably get asked the most, and this is mostly from real estate investors and people in the comment section of our YouTube Channel, is: Should you get a real estate agent or not? This is a tough one for me to answer because I am a real estate agent. Therefore my answer is going to be skewed slightly towards the yes, use a real estate agent. Although I’m going to do my best to be as unbiased as possible and give my honest take on whether or not it’s worth it.

 

Here’s how this works with pretty much any home that’s listed… The seller is obligated to pay a 5% Commission. And the way it’s split is 2 1/2% of that goes towards the listing agent representing the seller. The other half of that goes towards the selling agent, representing the buyer. That 5% commission is generally paid whether or not you use your own real estate agent. So from that perspective, you may as well use a real estate agent because the seller is paying 5% regardless.

Click here for 5 Tips on hiring a good Agent


Commission Percentage

In these situations, you really only have two options. One is to use the listing agent to represent you and hope that they knock down some of their commission and pass the savings on to you. And the second is to use your own real estate agent because the seller is just going to be paying 5%.

 

Anyway, I would say from my own personal experience that 90% of the buyers out there would be better off using their own real estate agent to represent them exclusively in the deal. It’s better than either not use a real estate agent, or relying on the listing agent to cut back some of that commission. Therefore, if you’re brand new to real estate and you’re buying your first property, there are so many intricacies to navigate. And I really recommend having someone who’s experienced helping you navigate that as best as possible.

 

And I say all of that as someone who’s been doing this full time for 10 years. It really took me about three years of doing this full time for me to really feel comfortable with the home buying process and really understand what I was doing; that’s three years of doing that full time.

 

Find the Perfect Agent

Find the Perfect Agent

Tell us anything

  • 1
  • 2
  • 3

Home Buyers and Sellers - Agent Search

What are you interested in?

When?

Agent-Match

Have you been involved with the sale of a home before?

How many times have you moved in the last 5 years?

Do you often:

I prefer to work with someone between the ages of:

What's your ethnicity?

What best describes your religious beliefs or spirituality?

How important is... dependability - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)

How important is... Enjoying the way I feel around people - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)

How important is... one-on-one compatibility - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)

How important is... My friendship between me and other people I meet - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)

How important is... Enjoying working with people - On a scale of 1 to 9 (1 = Not Much, 9 = A Lot)



How well does this describe you in life?

I do things according to a plan - On a scale of 1 to 9 (1= not at all, 9=very much so)

I take time out for others - On a scale of 1 to 9 (1= not at all, 9=very much so)

I feel unable to deal with things - On a scale of 1 to 9 (1= not at all, 9=very much so)

I love to help others - On a scale of 1 to 9 (1= not at all, 9=very much so)

I seek adventure - On a scale of 1 to 9 (1= not at all, 9=very much so)

I often leave a mess in my space - On a scale of 1 to 9 (1= not at all, 9=very much so)

I often carry the conversation to a higher level - On a scale of 1 to 9 (1= not at all, 9=very much so)

I get stressed out easily - On a scale of 1 to 9 (1= not at all, 9=very much so)

I often make others feel good - On a scale of 1 to 9 (1= not at all, 9=very much so)

I am good at analyzing problems - On a scale of 1 to 9 (1= not at all, 9=very much so)

Tell us more about the home:

What is your Target Price Range?

How Many Bedrooms?

How Many Bathrooms?

Are you PreQualified?

Personal Details

What is your email address?

What is your phone number? (will not be shared with anyone)

What is your name?

What is your CURRENT Zip code?

What ZIP Code are you moving to?

Write anything you think we should know

“A good agent can save you money and make you money”

 

 

Getting a real estate agent

 

So just imagine it’s a buyer doing this with no experience for the first time ever. It’s extremely daunting. But here’s my honest reality of the entire situation. Good real estate agents can pay for themselves when it comes to getting the lowest price possible on the property. And a bad real estate agent can easily cost the buyer money in terms of not getting the best deal. So I absolutely recommend, to 90% of the people out there, to get a real estate agent that exclusively represents you  in the deal.

Choose Wisely

The thing is that you really have to choose that person wisely. Use someone who has a good track record of success. Use someone who has plenty of experience and a good reputation in the business. So don’t go and use a friend just because they have their real estate license. As a result, Aunt Sally could end up costing you tens of thousands of dollars.

How to Buy a Home

Getting Prequalified

Timing Your Home Purchase

Getting an Agent

Go to Part 5 – The Home Buying Timeline  >> 

Making an Offer

USDRE Guide to Buying a Home

HOW TO BUY A HOME

FIRST TIME HOME BUYER EDUCATION

HOW TO FIND THE RIGHT HOME

HOW TO KNOW YOU FOUND THE RIGHT HOME

COMPROMISES YOU SHOULD NEVER MAKING BUYING YOUR FIRST HOME

 

SHOULD I WAIT TO BUY A HOUSE

HOW TO IMPROVE YOUR CREDIT SCORE FAST

THINGS SUCCESSFUL HOME BUYERS DO

FINDING THE PERFECT FAMILY HOME

BUYING A LUXURY HOME

 

More Real Estate Information

PICKING A REAL ESTATE AGENT (9 TIPS TO FIND THE RIGHT ONE FOR YOU)

HOW TO HIRE A REALTOR

TIPS FOR HOUSE HACKING

WHAT MAKES A REAL ESTATE AGENT GREAT?

 

WHAT HAPPENS TO YOUR HOME WHEN GETTING A DIVORCE

THINGS TO CONSIDER WITH INVESTMENT PROPERTY

CAPITALIZATION RATE

A REAL ESTATE MARKET CRASH?

REAL ESTATE SCAMS


You Can Search for Agents by NAME or by ZIP CODE using the form below

Visit www.USDRE.com to get hooked up with a real estate agent that will work with you on a personal level and find what you’re looking for!

To find a real estate agent that can help you, click below to search in your area.

 

 

 

 


 

Get FREE Access to USDRE

Agents, click here to login/signup

Homeowners, Renters, and Buyers get full access to browse USDRE at no cost by completing this form:

×