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Questions About Agents
Get answers to common questions about working with agents when buying, selling, or investing in Upstate New York. From market trends and property taxes to finding the right agent for your needs, we’ve got you covered!
A real estate agent assists buyers, sellers, and investors with their property transactions. They provide market insights, help with pricing strategies, negotiate offers, and guide clients through the entire buying or selling process.
Look for agents with local expertise, a strong track record, and positive client reviews. Referrals from friends and family can also help. Interview multiple agents to find someone who aligns with your goals and communication style.
Ensure the agent is licensed in New York State and ideally a member of the National Association of Realtors (NAR). Experience in your specific market (e.g., residential, commercial, luxury properties) is also important.
Real estate agents typically earn a commission, which is a percentage of the property’s sale price. The seller usually pays the commission, which is split between the buyer’s and seller’s agents.
It depends on your needs. A buyer’s agent represents your interests when purchasing a property, while a seller’s agent works to sell your property for the best price and terms. Dual agency, where one agent represents both sides, is possible but comes with potential conflicts of interest.
Local agents have in-depth knowledge of neighborhoods, schools, market trends, and local regulations. They can provide insights specific to the Upstate NY region, helping you make informed decisions.
Yes, most agents require a contract to formalize the working relationship. For buyers, this is usually a buyer’s agency agreement, and for sellers, it’s a listing agreement. These contracts outline the agent’s responsibilities and the terms of your arrangement.
Ask questions about their experience, recent transactions, and approach to communication. A good fit is someone who listens to your needs, has a strong knowledge of the market, and is responsive and professional.
Yes, but it depends on the terms of your agreement. Review your contract to understand the conditions for termination, and communicate your concerns with your agent before making a switch.
Agents stay updated through local MLS (Multiple Listing Service) data, market analysis, networking with other professionals, and ongoing education. This helps them provide accurate advice on pricing, timing, and strategies.
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