First Time Home Buyer - How / When To Pick A Realtor?

3 Replies

Hello, All!  My wife and I are looking to buy our first home in the next 3-6 months and have a couple of quesitons on HOW and WHEN to pick a realtor.

1)  The HOW? Obviously lots of friends and family have a guy (or girl) that they know, family, friend, previous agent that they want to reccomend.  How do I go about finding a good realtor?  I know one trait that I would like is a good negotiator that knows the comps, gets me a great price, and I am hoping can get creative (ex; seller pays closing costs, etc).

2)  The WHEN?  I expect to have my downpayment funds within the next 1-3 months.  My initial thought was to wait until I have the entire downpayment to reach out to a realtor so I don't waste their time for a couple months before buying, but would it make sense to start working with someone now?

Would love any input or reccomendations you have!  Looking to buy in the Buffalo Grove, IL or Lake Zurich, IL area (60089 and 60047).

Originally posted by @Jon Burkhart :

Hello, All!  My wife and I are looking to buy our first home in the next 3-6 months and have a couple of quesitons on HOW and WHEN to pick a realtor.

1)  The HOW? Obviously lots of friends and family have a guy (or girl) that they know, family, friend, previous agent that they want to reccomend.  How do I go about finding a good realtor?  I know one trait that I would like is a good negotiator that knows the comps, gets me a great price, and I am hoping can get creative (ex; seller pays closing costs, etc).

2)  The WHEN?  I expect to have my downpayment funds within the next 1-3 months.  My initial thought was to wait until I have the entire downpayment to reach out to a realtor so I don't waste their time for a couple months before buying, but would it make sense to start working with someone now?

Would love any input or reccomendations you have!  Looking to buy in the Buffalo Grove, IL or Lake Zurich, IL area (60089 and 60047).

1 Go to a few REI meetup and ask for good investors and lenders. Then interview each of the referrals to see which one is the best fit for you.

2 I would start right away finding the right realtor and Lender so you will know how much things cost and how much you have to spend. Have the relator set up automatic emails of listing so you can get a feel for the area if you find one you like go look at it. If you money as not come in yet push out closing till it does. 

Medium mogul logo web smallPeter MacKercher, Mogul Realty | [email protected] | 314.210.4414 | http://stlmogul.com | MO Agent # 2010004223

I agree with Peter. Earlier is always better, especially when you don't have all the pieces in place. It's so easy to make decisions that seem intuitive but can hinder your buying process.  Ask for recommendations from people you trust and then interview.  You can google all sorts of questions to ask your lender and real estate agent, but ultimately you want a sense of their market expertise in your target area, to feel comfortable with them since you'll be spending a lot of time with them, and that they communicate in a way that works for you and is responsive (ie if they take 48 hours to get back to you, don't hire them).

Medium team zen logo vMicki M., 33 Zen Lane | [email protected] | http://www.33zenlane.com | CO Agent # 100037721, NM Agent # 19441

Ask for recommendations from family and friends, and then check them out by searching reviews, etc.  When you have your top 2-3 favorites, interview them.  Pay attention to how quickly and well they communicate with you.  It's also is helpful to find someone you enjoy being around or click with because you will spend quite some time with this person looking at homes, etc.

Medium buysellinvest.2Dawn Brenengen, Trailwood Realty, LLC | 919‑840‑8692 | http://www.trailwoodrealty.com | Podcast Guest on Show #101