The Most Common FAQs Real Estate Companies Hear

When it comes to buying property, working with a real estate agent can make the buying process easier and more efficient. Whether it’s meeting important deadlines, hearing about new houses on the market quickly, or deciding which area is best to look in, real estate agents offer invaluable services.

Real estate companies have heard it all, and for understandable reasons. After all, you should ask a real estate company a good number of questions before you invest in any kind of property. Whether they’re selling homes or commercial real estate, these companies have to be ready to reassure buyers and gain their trust. Let’s look at a few important questions to ask.

How Much Experience Do You Have?

First off, it’s important to ensure you’re working with a real estate agent who has plenty of experience. And not just experience helping clients buy homes — they should have experience with the type of home or area you’re looking for. If you’re looking into Fort Lauderdale luxury homes, beach homes, or waterfront homes for sale, you want to work with someone who has experience with waterfront properties in the area. The agent you choose should have at least a few years of experience in the field and should be able to talk to you about their past experience.

Can You Tell Me About the Market in the Area?

A real estate agent you hire should also be extremely knowledgeable about the market in the area you’re interested in. For example, if you’re one of the 36% of vacation buyers who are purchasing beach area property, then your real estate agent should be knowledgeable about the beach areas nearby.

While you should do some research about the market as well, the real estate agent should be able to tell you if the market in the area is looking positive or not. If you end up buying in an area with a declining market, you could end up making a bad purchase. So to ensure you’re buying in a desirable neighborhood, make sure your agent has a good knowledge of the market.

What Should My Budget Be?

Nobody has a better sense of realistic property budgets than a local real estate company. In Fort Lauderdale, Florida, home prices are substantially higher than older national averages often cited online. Currently, the median sales price of a non-distressed home generally falls in the range of approximately $550,000 to $650,000, depending on property type and neighborhood. Foreclosed or distressed properties may sell at a discount, but that discount is typically more modest than in past market cycles and often ranges closer to 10–20%, varying widely based on condition, location, and competition. Understanding these local price realities makes it easier to set accurate savings goals and plan responsibly for a purchase in today’s Fort Lauderdale market.

Are Prices Negotiable?

Every real estate company has a different approach to negotiating on pricing. Typically, though, some level of negotiation can be expected. Most real estate companies prepare their owners to expect some degree of change in their pricing. The saturation of the local real estate market can affect the negotiation space. At times, properties sell for exactly their asking price, but unless a bidding war begins between multiple buyers, prices often somewhat drop.

How Many Properties Should I View Before Buying?

Real estate companies often offer buyers multiple options. However, of course, there has to be a point at which the buyer makes a final decision. Every buyer is different, but it’s much easier for them to screen properties online first in this day and age. This can help them narrow down the number of properties they’re seeing in person.

Can I Back Out?

You can back out of the purchase of a home prior to all aspects being finalized. If the buyer has put forth earnest money, they will typically need to forfeit 1 to 2%, but a sale shouldn’t go through without all parties being comfortable.

How Will You Stay in Touch With Me?

When you’re buying real estate, communication between you and your real estate agent is absolutely essential. Whether it’s regarding potential Fort Lauderdale luxury homes you might want to look at, changes in the market or prices, or about a property you want to put an offer on, knowing when and how communication will be handled is important. Most real estate agents should check in weekly at a minimum. But knowing the best ways to reach your agent is something you should know ahead of time to ensure that the buying process can go smoothly.

Hopefully, these questions will help you find the right real estate agent for your needs. So before you start looking at Fort Lauderdale luxury homes, make sure to find a real estate agent to make the process go as smoothly as possible. If you need the help of a real estate company, contact our team today.