Thursday, 5 January 2012

How to select a real estate agent?

By Sue Robbins


Selecting the proper agent is a very important side of selling your property. To sort the good from the bad (as there's good and bad in every industry), it is important to do some prior research before appointing an agent to sell your property.

Once you've shortlisted some potential agents, it is essential to meet with them individually to chat about the potential sale of your property.

Points to ask when interviewing an agent:

1. Are you an approved real estate agent?

It is important to make certain that any potential agency that you're going to designate is approved by the pertinent state authority to practice property

2. How long have you worked in this industry?

Figure out what level of expertise they have in real-estate.

3. What's your success rate?

How successful have they been in past sales? Did they constantly meet the requested price or were their properties withdrawn/sold for less than expected?

4. Can I contact some of your recent clients?

This is to help get feedback from past clients and determine what standard of service the clients felt they were provided.

5. How many lists have you got at the moment?

Is this agent representing plenty of other folk, so being credible and successful? Will the number of folks the agent represents obstruct their ability to provide you with exceptional service if they're busy with other clients?

6. How does one plan to push my property?

What marketing strategy will the agent adopt to pimp your property? What can they provide for me that their competition cannot? How frequently will they advertise?

7. What process do you use to find potential buyers?

Do they have a database of current buyers looking for a property similar to yours? If not, what strategies will they use to find new prospective customers?

8. How many sales pros does the office have?

Will this agent have acceptable support and backup in order to manage this sale? If they are unavailable, will they have someone who is also qualified that'll be in a position to step in?

9. How often will you provide me with feedback?

When will they contact you to provide progress updates?

10. How can I get in touch with you?

Is the agent easily reached to you via mobile as well as email?

11. What are the terms that I'll be sure to?

Steel yourself and know precisely what's anticipated of you and the agent. Make certain you understand the T&Cs of the agreements before you sign, and in particular what conditions are in place if you'd like to finish the agreement with your agent.

12. What are your fees?

How much do they bill for their services? Ask for an in-depth breakdown of costs to guarantee there are no hidden fees. Compare their charges with their competitors.

13. If the house does not sell, will I incur any charges?

It's critical to establish if fees are owing on the successful sale of your property or if you may suffer fees regardless of the end result.




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