Real Estate Agents - Choosing the Right One
To start with, you will want to know how long the real estate agent has been in practice, and if their licensure is kept up to date. Several years of practice under their belt has given them a world of experience to make a good sale. Also, check what hours they work. If they don't work nights or weekends, then this schedule will fail to accommodate most working people in the mindset to buy. A part-time realtor may not have the time to adequately market your property.
In the line of work experience, find out how many properties they have sold in the last year, and the average sale price of them. Ask them what percent of their listings have sold, and if they can provide you with references from homeowners, whose houses have sold, and those who haven't. It is important to find an agent who is willing to disclose facts. If they are a good agent, they won't have anything to hide. Find out how many current listings they have. The fewer the better for you, since an overloaded real estate agent won't have the time to devote to your sale. If they have a full load already, this is the time to say goodbye.
Since advertising is key to selling your house, find out if they will commit to a certain amount of money spent each month to this area. An unadvertised house will be too unnoticeable to sell. Request a thirty or sixty-day contract agreement time. This will provide the realtor time to sell, but gives you an opportunity to move on if you are unhappy with them. If they refuse, by all means question why. You really don't want to be locked into an agreement for years, only to find out the real estate agent is not a good one. Also find out if the property will be on the Multi Listing Service, and what their policies on open houses are. These are all key items in getting your house in the viewing area of potential buyers.
Question the real estate agent as to how long the property will take to sell at suggested price. Your house may be worth the amount advertised, but quite possibly the area will not get you that price. You need honesty in this matter. Most importantly, do not overprice your house. You may not get any potential buyers attention with this maneuver.
The real estate agent will be your home's best opportunity to be sold. It is important to ask questions, and pay attention to detail, when making this selection. You need someone who is able to provide care, time and effort in selling your house. Remember, you are entrusting this individual to handle probably one of the biggest financial transactions of your life. Making the right choice could be the difference between that "SOLD" sign going up or not.
Related Tags: real estate, real estate investing, real estate law, real estate financing, real estate agents
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