Questions to ask when choosing a Realtor to Sell your Home!
Thinking about hiring a real estate agent? Roughly 88% of buyers purchased their home through a real estate agent ot broker according to NARS, The National Association of Realtors. Approxitmatly 89% of sellers used the services of a Real Estate Professional when selling their home!
If you are thinking of using a real estate agent, here are some questions to ask:
1. WHAT IS YOUR EXPERIENCE?
When choosing a real estate professional, check to see that he or she has an adequete amount of experience. You'll want to make sure you're in capable hands considering the purchase or selling of a home involves a significant sum of cash! Also check the agent's credentials to make sure he or she is properly licensed
2. HOW DID YOU COME UP WITH THE LISTING PRICE?
If you are on the selling side of the transaction, a real estate agent will be of good assistance when coming up with a realistic listing price. A good agent will prepare a comparative market analysis in order to come up with the best price. Factors such as the condition of your home, its size, and the current housing market are things that a professional will take into consideration.
3. HOW IS YOUR COMMISSION BROKEN DOWN?
When selling your home, you usually pay a fee to the buyers agent as well as your agent. The fee can range from 4-6% of the sale price. When choosing an agent, find out what the agents fee is and what services come with that fee.
4. HOW MANY SALES HAVE YOU MADE IN AND AROUND MY NEIGHBOURHOOD?
Check to see if the agent is familiar with your area. If not, you might want to consider another agent who is. An agent who is knowledgeable of the schhool district, nearby stores and amenities of the neighbourhood could mean the difference between a quick sale and a stalling on the market.
5. WHAT IS YOUR MARKETING STRATEGY?
Ask your potential agent what his or her plan is to sell your home. The agent should have a strategy that includes online, print, and in person advertising. If anyone of these methods are missing, you might want to move onto a person using a variety of advertising methods.
6. WHAT IS THE BEST WAY TO REACH YOU?
You'll likely have a lot of questions about the process of selling your home ESPECIALLY if you are a first time seller. Knowing the best way to communicate questions or concerns, as well as the best times will make your life a lot easier for you! Ask whether email, phone or text is better and inquire about how contact should be made if there is an urgent matter.
7. WHAT IS YOUR METHOD OF FOLLOWING UP WITH OPEN HOUSE ATTENDEES?
A good agent will keep track and follow up with potential buyers. He or she should know how many buyers were at the open house and have their contact information!
8. IS THIS YOUR FULL TIME JOB?
If the agent is juggling another job or two, he or she might be too distracted or busy to get back to you within a reasonable time. You'll also have to worry about whether or not the agent has time to update his or her skills and stay on top of the latest developments within the industry! Make sure the agent you're working with is dedicated to the industry and is working full time perfecting his or her craft!
Have Questions regarding Real Estate? The Iris and Evelyn team are here to help! With their countless years of buying and selling Real Estate Properties, their experience and knowledge can help you make the right choice!
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