"One question to ask your real estate agent"

A friend of mine has a pretty darned successful play published called "The Line That’s Picked Up 1000 Babes (And How it Can Work for You!)" with, obviously, part of the plot hinging on this one, magical line.

Only in fiction is there one comment or one question that will magically solve your problems. (Although, when I used to interview people for a job, my "magic" question was "When you go home and talk about this interview, what will you say makes you hesitate to take this job?" It worked pretty well.)

That hasn’t stopped Zac Bissonnette over at WalletPop from suggesting "One question to ask your real estate agent."

The question: Do you own a home in the area where I’m looking and/or do you own any investment properties here?

There are a lot of agents out there preaching the gospel of real estate and then stuffing their commission checks in savings accounts paying 0.3%. This is a good way to screen those clowns out.

So, any clowns out there? :)

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
This entry was posted in Uncategorized. Bookmark the permalink.

2 Responses to "One question to ask your real estate agent"

  1. Jeremy Hart says:

    No clown here … hold on, let me take this squeaky red nose off. There we go.

    No, in fact, I started investing a couple of years ago in part for this very reason. I found myself working with investors, and while I knew where to look and how to advise them, I wasn’t doing it myself. Figured I couldn’t give them advice if I hadn’t been in the water myself.

    Interesting timing on this, because I JUST finished up showing a first-time investor some great multi-family properties, and found myself drawing on my own experiences. It was a great feeling, and I think your point is a good one. In order to talk the talk, it’d be a good idea to walk the walk.

  2. Matt Wilkins says:

    I can’t agree more. I did rent for a year before buying a home (I am still in my 20s). I went through the h*** of having a landlord who didn’t care or know what he was doing. By going through that and then buying a home taht I absolutely love, I can convey home ownership benefits in a more personal way. I mean how can an agent/broker conveny the benefits of owning a home if they do not even own one themselves.

Leave a Reply

Your email address will not be published. Required fields are marked *