10 Questions to Ask Your Real Estate Agent When Buying a House | Hiring a Realtor Interview
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- Опубліковано 15 лис 2017
- 10 Questions to Ask Your Real Estate Agent When Buying a House | Hiring a Realtor Interview
Arlington VA real estate agent and Realtor Matt Leighton goes through the 10 questions that buyers should be asking their real estate agent during the Realtor interview process.
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10 Questions to Ask Your Real Estate Agent When Buying a House
2:06 - 1. How long have you been in the business?
2:53 - 2. Why did you get into real estate?
3:40 - 3. How many clients do you have?
4:49 - 4. Will I be working with you or your team?
6:06 - 5. What area do you primarily do business in?
7:06 - 6. What sets you apart from other real estate agents?
9:07 - 7. How do your fees work?
9:51 - 8. After hearing my needs, what do you feel is the best strategy moving forward?
10:53 - 9. How will we communicate?
11:44 - 10. What questions do you have for me?
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Matt Leighton - Arlington VA Real Estate Agent
Matt [at] Orange Line Condo dot com
Century 21 Redwood Realty
1934 Wilson Blvd
Arlington, VA 22201
• 10 Questions to Ask Yo...
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Matt Leighton Hi Matt , your suggestion for purchasing a house thru a Mortgage Broker , Regular Bank or Credit Unión. Thank you
Broker
Video begins at 2:06
Catherine Asir As someone completely new to this, the intro kept my attention, so I liked it. Hmm, I guess it’s been a while since I’m new to something on UA-cam. I normally like to jump into the video title topic.
I'm in the process of trying to be a first time home buyer. I went through all of this close to 20 years ago and decided to rent but now I believe in taking this next big step. The agent I started working with showed me 4 ranch style houses. I never thought of living in one of these types of homes because of safety concerns. One had water damage on the ceiling in the bathroom, the other was right behind train tracks and all 4 weren't in the best of neighborhoods. They also were well above my price range. I told her I wasn't a fan of ranch style homes and she insisted that that was the type of house I could afford and that she couldn't find anything that I was looking for in my price range. I asked about foreclosed homes for sale that WAS in my price range and she told me I couldn't get any of those because of the type of home loan I qualified for. She reminded me of the choices I had and should choose one of those. Needless to say I gave her the boot. It would be nice to get an agent who's willing to work WITH you not against you.
nvd2ceb4 did you sign a 6month contract with them and get out ?
@Robert Weisman yes right u be had the choise to move to an auther one
Some of that agent’s arguments were legit, so there needed to be discussion on 1) adjusting your budget; 2) moving out of desired area to net more homes; 3) adjusting your timeline to allow more time to see newly listed homes that haven’t hit the market yet.
If your loan won’t allow consideration of foreclosures, then don’t look at those homes. If the homeowner wasn’t paying the mortgage, They may have also neglected needed repairs that would only add costs to owning the property.
Excellent video! I just had a consultation call with a real estate agent this morning and this helped me feel prepared. I was nervous about asking some of these questions, I didn't want to be rude by putting them on the spot. But I reminded myself that a respectable agent should be eager to answer these questions and I am so glad I asked them. Especially for #6, the agent was excited to tell me about themselves, and it was only through that question that they truly had the opportunity to showcase that. Great work!
I was looking for the rent last year and met my realtor ( Frank Mayolo) he is a very professional and a good listener , very comfortable, I had a million questions he answered very well although my broken English he explained over and over until I completely understand, thank you frank! And thank you Matt for the info!❤️👍
Love Your Channel Thanks for info 👍🏽
These are great questions! I'm glad I stumbled on this video
Thanks for making this video, I’ve taken some notes on asked these questions to my realtor :)
I disagree with your statement in not working with new agents, a new agent might not have experience but they will work 10x harder than a seasoned one. in my opinion A new agent usually has a seasoned mentor to guide him through the process to ensure the client gets the best service. Everyone starts as a beginner. Experience is great but you should be searching for someone that will be loyal, hardworking and looking out for your best interest.
Sooooooooooooooooooooo...when you were a new agent, how did you work around people being skeptical about you then??? LOL
+Shantee Haynes People will always be skeptical, no matter how much experience you have. I would tell people that in addition to hiring myself, you're also hiring my broker who has X years experience, and my brand, who closed $X million in sales last year
LOL I know, just messing (sort of). I just know there is always a "canned" answer/script when we work with people the first time as new agents, yet there is an assumed notion that most won't want to work with a new agent and therefore brings the question "How did you get business at all?" lol
+Shantee Haynes haha, right? Everyone wants experienced agents but then how do you get experience? I got you
@@TheMattLeighton People tend to respond to to personal mishaps.....I got what you said the first time.
everyone starts new and from there they gain experience lets hope you don't start with a rookie agent.
Love your videos, I find that most agents will have the answers prepared, I know I always do , always good for the clients to just look around them and watch the success. I have also put a few videos together for my clients but I too am learning and working towards those huge rewards.
Love how professional you are
+ethan wesner thank you!
Great video! Very insightful thank you
Great topic! Great for first time buyers, thanks for making!
Thanks Kaitlin!
Very useful info!
Great stuff!
Subbed 👍 learning so much from your videos
Thank you so much for watching and subscribing! More to come!
Everyone has to start somewhere.... my buyers loved me and it was a smooth process even though it was my first transaction, give people chances
Nicely done! ❤❤
Very informative. AND it doesnt matter what he said. As a good REA you should sell yourself hard enough to take the focus off of the fact it's your first sale. If you care enough and follow the steps he said I am certain the client will trust you.
yep. good questions
Really good video, and I am a hardass!
+Clint Yates nice! Thanks for watching and not shredding me to pieces in the comment section 😉
That was great!
Thank you!
Love this video!!!! You helped me out so much to be confident in the home buying process....I make them think like I know what I’m talking about! Lol
Haha happy to help! Thanks for watching
As a new agent, I was seeking questions that I could expect from future buyers. Hearing your answer to question 1 was not only discouraging, but hurtful to any new agents out there that could have nailed a potential client who happened to watch this video, but now that client probably won't trust them because you told them to avoid the rookies.
that's exactly what I was going to say why would he say that cause somebody with 20 years of experience can be full of shit when a new person 9 times out of 10 they won't even know the agent is new like why would say that "avoid agents that's been around a year like wtf you're going to make people feel as if a new agent may f sum up and that's not true guys ion care how long they been in the business if there doing their job and representing me right ion gaf if they got they license that same day i interact with them!!! Lol I know this is two years ago lol
Good info, makes me think my agent got a slam dunk, got him thru Zillow, he only answered questions, but with a hot Vegas market he doesn’t have to do much. I’m buying I feel at the wrong time when it’s over priced but I have to.
Great video!!!!!
Thank you!
My brother, also Matt, lives in Arlington and my husband and I are home searching. I’m jealous that we can’t switch places! You seem like an awesome agent
Thank you!
I found a agent though Zillow, I talked with a few other before and most agents would not even talk till I had my pre approval letter, when I asked Zillow to see a house it sent me thru a questionnaire and I got a call and answered more questions and they paired me with a guy, he was cool sent updates of houses in my price range and what needs I had. Got my pre approved letter a month after talking with him and we are looking at places now. I’m in Las Vegas.
I thought my dentist was the only one that came in and told the knee slappers at the end lol
Great video if only I could get the realtor I reached out to last week to reach out to me. Now im interviewing new realtor that actually want my business
Matt, great video! I just came across your UA-cam. However this video was issued a few years ago. I was just wondering what your recommendations are for out of state buyers. What kind of right questions to ask the realtor on how they handle these types of buyers and what we the buyers should expect as far as service. I’m planning to move to another state, but not sure what city or neighborhoods are right for me and how would the process be for me since I’m at another state? I would love to hear your thoughts. Thank you!
My agent did pretty much NOTHING. We found our own place. She didn't have trend license in our focus area. (she was nice enough), but it burn me she got a big commission without much effort. We settled for less than our must-haves. A lot of "quietude" , a lot of question-dodging. She was more a seller advocate from the get-go, it was obvious. But having been through 2 others previous....thank God we leaned on some friends to help us move forward.
Sorry to hear that. Good agents are hard to find but bad agents can completely sour one's take on using an agent and the industry as a whole.
Love your videos Matt. Gotta apologize that I forgot to like some of your vids. Your choice but I'd recommend you remind your viewers at the end of your video
Good idea! Thank you, I will do that in future videos!
Do you have high quality Maryland recommendations?
+Chief Igniter email me
Do you have any suggestions on HOW to get an agent? I have gone through 3 now that, when I first contact them, tell me "Let me get your information and I will call you back tomorrow." And no matter how many times I call them back after waiting a week or more it's always "Oh, I got really busy and it slipped my mind, but I will definitely make time to call tomorrow", but they never do. After more than 2 1/2 months, 3 homes I have been interested in are now pending or sold. I thought getting pre-approved for my mortgage was going to be the hardest part.
Alex Wolf, i was just wondering what state are you in?
Matt, 3rd or 4th video I’ve watched from you and I like them. Your audio volume seems erratic though. It’s consistent during the segments, but each time there’s a transition, it changes, which is distracting. Thank you for the content.
Thank you for the feedback
This man needs more subscribers!
Thank you!
Yeah what I'm getting is they want to have a quick phone call and know your price range and just set you on the automated list and ask a couple of questions and that's it. They don't talk about markets and Trends or anything in certain areas that are within your budget. They don't want to try to find pre foreclosures either!!
Great video! I’m a real estate agent and this video is very informative! Keep ‘me coming! New subscriber here!
Thanks for watching! Will do!
Thanks
How do you go about selling in one city and buying in another city. Three hours differents.
Go with a different agent , an agent in the immediate area !
Ty
Hah Hah. I'm a GM worker in Michigan. Funny, my co-workers and myself have often joked about transferring to the Arlington, Texas factory for the warmer weather. If that ever turns into more than a joke, I'll hit you up.
Awesome man! Haha, if you get transferred to Arlington, Virginia then definitely hit me up! 😉
You sound like the turtle from rocko's modern life. Its awesome.
Filburt!
The lender I’m going with asked me if I’m working with a realtor. When I said yes that I had someone in mind, her response of “oh ok” almost seemed like she wanted to say something but didn’t.... do lenders prefer not to deal with realtors or is there some kind of fee or commissions they don’t want to pay?
Quite the contrary, lenders love Realtors. They try and build relationships with them to get all their transactions (more business). Realtors give others alot of business (inspectors, appraisers, lenders, surveyors, title companies, attorneys) and get very little in return- they are left to find their own customers.
I am a buyer and my agent told me there are 2 fees I have to pay to him and his agency. Any advice on this ?
great
Thank you!
Im looking to buy a house in Culpeper VA, for my small family. Im nervous since everything is so expensive in here. Im glad I found your videos! I could use all the help I can get.
If I feel I'm being ignored due to the low end cost of a home I'm looking for, can I simply say I'm no longer interested and just find another agent?
Yes
Can u recommend an agent in NJ Middlesex county?
Email me matt@orangelinecondo.com
What about a sellers agent
My agent is the owner of the company, it's great because to me it just seems like he's fully in my corner because he's made all his money, been around the block plenty of times, he's all in my corner, dosnt seem like any ulterior motives
Excellent!
Is there any downside in telling a potential real estate agent that I plan on taking my time to find just the right deal?
No. If the agent has a problem with that, get a new agent
When I am in the market to purchase a home can I contact you for suggestions or advise? You provide information that people generally can not get anywhere else.
Yes!
Advice for an Out of State buyer?
Learn the neighborhoods. Do as much research as possible. Visit if you can and have dinner/walk around in areas that interest you. If you can't visit, find an agent that will FaceTime you. Maybe even consider renting your first year before buying if you are unsure of the area
Nice presentation. If I am a buyer and I find a realtor, who pays the realtor? Buyer or seller?
The buyer pays for the house and the seller pays for the buyer's agent commission out of the proceeds of the sale.
I disagree about many of your questions.... and I’m a nurse! Lol - never sway people away from new agents. You need to start somewhere. Like a nurse, I had a first patient for everything I did, that’s what made me a great nurse.
if thats the case you as an individual have to be even more careful when looking for a house cause of his or her lack of experience, cause remember this could be the biggiest purchase of your life. don't want to make a mistake when comes to a hugh investment.
Well said 👏🏿👏🏿👏🏿
True as long as they can give a HOWEVER. Example, "This is my first year, HOWEVER, I've trained under (insert reputable agent name) for 3 years". A however can go a long way when you're inexperienced.
This guy is the perfect example of the type of agent you don’t want. I’ve been an agent since 1998 and a broker since 2003 in the Atlanta area. I also lived in Virginia, Maryland and California. Those questions sound robotic and rehearsed. It’s about the honesty and knowledge of the agent. If an agent is new then the broker is the coach. Being a “Realtor” is just being a member of a club. I was also a Realtor, it made absolutely no difference. My first broker always said “you know what you know what you know “ so true.
The last great question for a buyer's agent should be, do you share the portion of the commission. Generally, for a new house, it is 2.5% agents share with the home buyer and for the old home, it varies. For a new home buying process, the agent has at least 250-400/ hour remuneration.
Help me understand- did the agent do a poor job? Did the agent make a mistake that caused the buyer to pay more?
Why would the agent return part of their commission to the buyer?
Is it common to have more than one consultation?
With the same agent? No. With different agents, sure
Hello Matt me and my husband are moving to Virginia by the end of February he’s in the Air Force and we’re debating on buying or renting a house he wants a house in new port what places would you recommend lmk(:
P.s. we have a 3 month old baby so somewhere family friendly
If you are still looking in that are please let me know if you are not helped yet! :)
I also help you
Top
Can a person trade his house in on a new property like a car
I disagree. BOTH of my agents very very seasoned. One agent got me my house, one agent sold my house. Neither one informed me of anything. They had been agents for years. Also, most new agents are more detailed as they’re still learning and care a lot more. That’s why I’m currently only working with new realtors now.
Totally Agree , agents already extremely successful , I find act like they are doing me a favor ...gosh !
I just made an offer , my realtor started to call and talk to my bank. The bank said realtor should never communicate with the bank, because that's unethical, the realtor was so in a hurry to get the deal done, pressured the bank that in less than a week the bank should finished all the paper works. Please tell me about your thoughts.
Thanks for your comment. What is unethical about that situation?
after I signed an offer, the following day the realtor called the bank if I am approved for loan. Second, he was pressuring the bank to finished the paperwork in seven days. Third, the realtor told the bank to convinced me to let the "first bank", (the realtor's friend, where I had the first consultation, but in a higher interest) do the approval. The realtor called the bank morning and late afternoon telling the same thing. the bank said, "it's not my job to tell the people what to do." Until the bank told me my realtor is unethical, he was really so in a hurry to get the deal done, though the house possession will be Dec. 2 and I was told might be Jan 2020 if the bank will delay. (bec. there are still tenants). The bank told me my realtor did not even search condition of the house, he does not even know how many car parks allowed when I asked. He didn't even read the minutes according to the bank. The realtor even reprimanded me that I should have done the approval a month ago. and I said I just deal with my new bank with a lower interest rate 7 days ago. The bank said " there is something fishy going on with your realtor, he also talk to "first bank" how much I am approved. He does not really protect your interest. You will be hooked with $27,000, security deposit non refundable, without knowing if the realtor did not even inform you if there is a special levy in that strata." "change your realtor". Your thought please . Thank you.
Where is a good start to find a buyer agent?
Go to open houses in your area and see if you like any of the agents holding the open houses. Go on Instagram and search #YOURCITYrealeatate and see if there's any agents that you would want to work with. Or email me and I can put you in touch with a buyer's agent in your city matt@orangelinecondo.com
Hi,how can I get in touch with you
Email me
How does one even come in contact with these "buyers agents". If I call up random real estate companies in a town I want to move to won't they just tell me "sure we work with buyers all the time" and then just show me houses that they've already contracted to sell?
Hopefully they show you all the homes you're interested in, not just the ones their company has listed
I just liked, subscribed, AND bought your book!
Love it! Thank you Chris! I hope you enjoy the book!
I wish you were in Los Angeles!
Dang next property I'm coming to you 💪🏽DMV
🙏🙏
😊
Can I hire more than one agent to speed up the process?
No. That would slow down the process and cause more hassle than benefit
Matt Leighton I appreciate your help and effort you put into helping clueless people like myself out of your busy schedule. I plan to start next month. I’ll let you know how it all went.
Please do! Best of luck!!
I appreciate the information and the time you put into helping people. However I have to disagree with you regarding agents with only one client. What you are describing when an agent goes against a client's wishes to not buy goes against the fiduciary duty of obedience. Maybe you speak from personal experience which is unfortunate, but this behavior is not exclusive to new agents. Also as a new agent myself in Massachusetts, whoever is lucky enough to become my first client will get my undivided attention and my best efforts. I don't know what I don't know, and being aware of my lack of knowledge makes me a pretty good agent I'd say, never stop learning. Hopefully some day I will have the time to make 150 videos and represent all of my future clients. thanks again for your time .
Appreciate the feedback! Best of luck to you! 👊
I’ve been an active agent for just now a month and still haven’t closed a deal, is this bad?
Nah man you're good. Keep on pounding away
How about now? Don’t give up... prospect prospect prospect! We were all new agents once!
angie707 No I still haven’t closed a deal, so now I got a part time job :( but I’m gonna keep grinding real estate after I get some money to market myself better. See I moved to a new city before I became an agent and I don’t know anyone here and it’s really frustrating but I refuse to give up! I literally don’t know if I’m even going to be able to pay my MLS dues that are due next month rather less market myself online. Ughh, I’m to the point I’m gonna just start going door to door knocking on peoples doors, I’ve called countless FISBOS and it’s just going nowhere! I’m starting to think 90% of it is just knowing the right people but I don’t know anyone up here. Pray for me!!
Preston W it’s a start. I get most of my clients through social media and open houses. Gotta pound that pavement
angie707 thank you closed my first deal the other day... finally! They always say the first one is the hardest I hope that is true, my motivation is wayyyyy up now and I’m as motivated as the day I started. Give me 2 years and imma kill it just wait.
Haha few knee slappers
You know it!
Why do I need an agent for buying a house? That's my only question lol
+Mr Reefer how many houses have you bought?
I bought 2...my first home, and my dream home. I don't need an agent to buy a Car or a boat...Why do I need one to buy a house?
+Mr Reefer why does LeBron James need a personal trainer? Most people like to have a trusted advisor when spending half a million dollars (or more)
sounds as though you have been smoking to much Mr. Reefer.
k
This is bashing on new agents. Most new agents are mentored and helped by their teams. They all gotta start somewhere.
It is still generally good advice from the perspective of a home buyer. In general, you are better off with someone with experience under their belt to be on your side, rather than someone experiencing unexpected issues for the first time.
i fawked up when i signed a BRA contract looking for my first home. I didn't even know there was such a thing. I told my mom i was looking for a house then she went on ahead and effing set me up with some dude...
then everything happened so quickly, i felt overwhelmed by all the information he was giving, and i came from a night shift just before our meeting, handed me something to sign, i don't even know why i signed it to be honest. i'm usually more skeptical than that...
i went home, researched if i could cancel the contract and all articles said no unless you don't work well with your realtor and even with that it'll be hard for you to cancel it. the more i know
Sorry to hear that. You should be able to cancel your Buyer Broker Agreement easily without penalty via written notice.
It would be nice, if you are able to get straight to the point. Other than that it was informative. 👍
Thank you for the feedback!
Someone gotta be someone else's first transaction ya know. We all start from somewhere, we weren't already made realtors from the womb.
So you're saying nobody should deal with inexperienced agents..?...well how are they supposed to gain experience then?..If everybody followed your advice there would be no new agents gaining experience!....not sure you've thought that statement through !
He didn't say "nobody" should deal with inexperienced agents. Other buyers will end up dealing with them if they didn't heed his advice and shop around for a better agent. People who don't know/don't mind about working with a new agent will be the foundation of that agent's experience.
Yes he did .... what are u watching ?
... Without putting words into his mouth, why don't you watch that section again. Obviously, people are free to do what they want to do instead of following this video's advice. I thought it was pretty clear. Have a nice day :)
IJest did he or did he not say “you don’t want to be your agents first deal “?.... he is talking to his audience watching this video so that everybody watching no ?.... that’s the advice he’s giving .. of course u don’t have to follow it but still that’s what he said!
Yes, he is giving advice to HIS AUDIENCE, exactly, so your original comment "if everybody followed your advice" is the issue I've been trying to get across. Everybody in the world isn't going to watch this video. So you don't have to worry about new agents not being able to gain experience. Other people WILL deal with them, and they will be fine. I don't see how this is still worth arguing about.
I see jesse pinkman got straight
Haha! Science
Home Science bitch
Can't agree with you. Stay with ONLY experienced real estate agents? True enough that they'll have more experience to offer you but this also means you are saying those new real estate agents who had a chance to become the real deal should not be given a chance at all. Let's say you had 10+ years as a real estate agent, all of a sudden the new suggestion is someone with 25+ years of real estate agent experience and that you are worthless and should not be looked at... How would you feel?
There's this very successful real estate agent who started out new at some point. He didn't have experience to offer the potential buyer but what he did offer was that he'd go the extra hundreds of miles to prove himself that he could do it and is looking out for your best interest since your best interest.
Really? Not very bright questions to ask in my opinion, except the ones about fees
Thanks for the feedback. What would you have asked?
wtf is this? i want to buy a house not to make friends with the estate agent, guess its different in the US
This is hilarious! This bonehead hasn't sold ANYTHING in the last 12 months. But he's screaming don't use a new realtor.
Not sure where you're getting my stats from but they are inaccurate.
Seems like you are new 🤣
STOP SHOUTING!!!!!!
Bullshit !!
Always ask your realtor get money back 1-1.5% of commission
Curious - what makes you say that?
@@TheMattLeighton because 6% is too much
@aloy8927 how come?
@@TheMattLeighton If not agree, I find another agent