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Thinking About Buying a New Home?

There are 10 million homes on the market in the U.S., and there’s never been a better time to buy. Mortgage rates are at historic lows, and home prices are down, which means it’s a great time to buy. But with so many choices out there, finding your dream home can be a challenge. A real estate agent can help. A real estate agent can show you a wide range of homes, from foreclosures to luxury properties. But it’s up to you to do your homework, know what you’re buying, and negotiate the best deal possible. 

First, let’s get the 10,000-foot view.
Real estate is big business. It generates over $7 trillion in annual sales in the United States alone, and home sales are projected to reach $8.7 trillion by 2022.
As a homeowner, you’re probably aware that buying and selling real estate is one of the largest transactions you undertake. It’s estimated that over 90% of buyers and 80% of sellers use a real estate agent to help them through the process.
So, what’s a real estate agent?
A real estate agent is someone who specializes in helping buyers or sellers have a successful real estate transaction. These professionals go through extensive training to ensure they know how to sell houses, market homes and negotiate deals.
What should you be looking for in a realtor?
Before you hire a real estate agent, you’ll want to make sure you’re hiring the right person for the job. After all, you’re trusting this person with the biggest transaction of your life.
Here are the key questions you should ask your realtor:
1. How long have you been in the business?
Real estate agents have trained for years to become skilled negotiators and marketers, so you’ll want to make sure you’re hiring someone who has experience in the industry.
2. What is your marketing strategy?
Depending on the market, some houses sell themselves, while others require a little bit of extra effort. Your real estate agent should be able to tell you exactly how he or she plans to promote your home, and whether it will involve open houses, online ads, or other methods.
3. How will you communicate with me?
Real estate agents use a variety of methods to communicate with their clients. Some prefer to email, while others prefer to communicate over the phone or in person. You’ll need to choose how you’d like to communicate so you’re on the same page.

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