Questions to Ask When Hiring a Realtor

When hiring a REALTOR, the 5 most common questions to ask!

It is a vital part of the home sale phase to pick a real estate agent to assist with the largest financial transaction an individual would likely ever make. In a difficult economic environment where competition among real estate companies is on the rise, it can be a confusing task to choose the agent that’s right for you.Do you want to learn more? Visit www.faristeam.wordpress.com/2020/10/29/4-things-to-consider-before-you-hire-a-realtor-to-manage-your-property/

To find someone with whom they “link” with, home sellers can start by interviewing multiple real estate agents, but chemistry is not the only variable to consider. In the decision-making process, the amount of time an agent has been in the organisation, his or her home sales success rate and local market awareness may also play an important role.

In order to jump-start the discussion, try to ask these five main questions home sellers can ask before choosing a REALTOR to represent them.

  1. How long have you been in the real estate industry and what has been your success rate over the past 12 months in terms of home sales? The amount of time a real estate agent has been with the company and their success rate in home sales reflects their business experience and expertise. Ideally, a home seller would choose to partner with an agent within the price range of your home who has a high percentage of completed transactions.
  2. What was the total period of time it took for such listings to sell? You will be given an idea of how well the agent markets homes by contrasting marketing times between the agents you are interviewing.
  3. What was your list-ratio of price to sale-price? An indication that the list prices quoted at the beginning were unreasonable may be substantial variations between the initial listing prices and the final selling prices.
  4. In order to sell my house, what is your online marketing plan? In Canada, the vast majority of home buyers launch their search on the Internet for their home. Therefore to attract the largest potential audience, the one you pick to assist you in selling your home should have a strong online marketing presence as well as be accessible via social media outlets. A fast Google search for the agent’s name, business name and see what you find before or after meeting with the applicant. PRO TIP: How do you expect buyers to find and locate your home when it is actively on the market if you do not find a lot of information?
  5. Will you have references from previous customers you can share? References help you to gain extra insight into the real estate agent’s day-to-day operations. Gathering trustworthy references will help make sure you choose the best representative of real estate for your needs.