Questions To Ask When Finding A Real Estate Agent

Whether you’re a buyer or a seller, finding a real estate agent to help you achieve your goals means you must ask good questions. So how do you find an agent right for you? Focus on the following categories when determining what to ask.

Experience

Experience matters, so find out what they know. Consider questions like these:

  • How many homes have you sold? 
  • Do you work full or part-time? 
  • In which neighborhoods do you primarily work? 
  • Is your license in good standing? 

If you must choose between two good candidates, compare sales results and how you relate to each other. Don’t forget to notice his or her level of professionalism to help you decide. A good agent knows the area and current market conditions to streamline your search.

Communication

Use an agent you connect with. Find a personality fit first, and then match your comfort using technology and their knowledge of the relevant neighborhoods for your search. It’s ok to ask how many other buyers or sellers the agent represents. Hint: the busiest agents are often the most efficient.

Support

Look for an agent with a strong support team. It’s good to know if there is always reinforcement available at any time. Your agent will be in your corner from start to finish, and their experience will help connect you to qualified loan officers and real estate attorneys that will ultimately aid in the process until closing.

Find a Mel Foster Co. agent today.

How Credit Score Information is Calculated

Calculating your credit

Your credit score affects your ability to borrow money and influences the interest you’ll pay on that loan. Most people don’t know how these scores are calculated. Here’s what you need to know.

All Credit Scores are Not the Same

People often assume their credit score is a single three-digit number. In truth each of the three major credit bureaus, Experian, Equifax and TransUnion, score you differently since they don’t have the exact same data. Be clear where your ratings come from when sharing your scores. 

Closing Accounts Won’t Always Boost Scores

Closing old or inactive accounts may inadvertently lower your credit score because your credit history appears shorter. If you want to simplify, close newer credit accounts first.

Paying Off a Debt Doesn’t Remove it from Your History 

Once a debt goes to collection, or you’ve established a history of late payments, your credit score is impacted even if you pay off what you owe. While your score will get a boost if you pay off an old debt, it may not be by as much as you think. The best way to increase your credit score is to make payments on time every month.

Co-signing a Loan Impacts Your Scores

When you co-sign for someone else’s loan, you are ultimately responsible for the debt. If the person you’re co-signed with does not pay, your credit score will be impacted. Determine ahead of time if the person you’re co-signing with can afford the loan and if it’s worth the risk to your own credit score.

Not sure who to trust when making decisions that could affect your credit score? Refer to a Mel Foster Co. agent for guidance.


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