Choosing the Right Realtor: 5 Essential Questions to Ask

Did you know most homeowners sell up every ten years in the USA and UK? By age 60, they may have bought and sold a home just a handful of times.

That’s why most homeowners find buying and selling a home challenging. As we all know, time keeps moving forward, and a lot can happen in a decade, including selling a home.

Nowadays, various new technologies and marketing strategies are available, along with new laws to manage privacy and data security that one needs to consider. For good reason, selling your home is one of the most stressful events.

Thinking about selling is stressful and doesn’t get easier until the house is sold. However, like every challenge, the best way to deal with it is to have a plan. There is a saying: you’re planning to fail without a plan.

The best strategy for a homeowner is to plan the steps needed to achieve a successful sale.

Plan to Succeed

Stress comes with the unknown. When you plan, you remove a lot of the unknown. Arming yourself with knowledge of the real estate market in your area is the first step. Spend a few weeks learning about market sales trends.

Create a spreadsheet of homes for sale, their listing price, and eventual sales price.

Do research on realtors and choose one you trust has the knowledge and experience to sell your home for the best price and in good time.

Realtors, aka estate agents, are paid when the house is sold, so they are motivated to be productive, i.e., to sell more homes.

Choosing the right real estate agent can be challenging, especially if you are new to the industry. So, the starting point is doing some research. You want a realtor with an excellent sales record, especially in your area.

This article presents five questions you can ask prospective estate agents to narrow the list to one—the agent representing you and your home.

Questions To Select The Right Realtor

How many years have you been in the real estate industry?

This question will help you determine the realtor’s experience in the real estate industry. You could also ask more related questions to help you gather sufficient information regarding their experience.

Inquire about some projects they have successfully transacted in the area over the past year. Also, ask about the homes’ duration in the market before they could get a viable buyer. This gives you an idea of how long you could have to wait before you get your house sold.

Please also find out what they understand about the real estate market. You could ask about their predictions for the future.

If they have some accurate information regarding the real estate market in the area, then they could be experienced in transactions. However, realtors who have worked in the business for a few years may not be fully experienced in helping you sell your house at the best price.

What strategy do you have to sell my house at the best price?

The real estate agent should quickly explain how they intend to market your home to maximize your returns and sell the house soon.

They should develop a detailed marketing plan and some supporting documents outlining how they intend to advertise your home to prospective buyers.

The marketing plan must be digital-first, using social media and email marketing.  Additionally, the marketing will include your listing on popular listing sites.

Ask for real examples of projects promoted with similar strategies to determine the efficiencies of the marketing strategies they intend to use to sell your house.

What is the best price to tag on my house?

The realtor should provide an estimated price based on the current market conditions, the location of your home, and its value.

The property valuation will be supported by evidence of the price determination, such as similar houses within your neighborhood that have recently sold. You can also check to confirm that the comparative market analysis is within the correct range and matches the current market standards.

What improvements can I make to increase my house valuation?

You are looking for a realtor to help you sell your home at the best price.

Therefore, the realtor should know the maintenance or relocation required to increase your house’s valuation. You can refurbish it by painting and adding plants and flowers in the front garden for curb appeal.

You also need a property inspection to identify other jobs that require experts, like a plumber, electrician, and builder.

What are your commission charges?

Knowing the agent fees is critical in choosing the best buyer to help you sell your home while maximizing profits.

Today, realtors’ commission is between 3 and 5 percent. However, some agencies have a fixed-price contract that you can negotiate. Please inquire if additional fees are charged before signing the contract.

Marketing is not free – how much does the real estate agent charge you for their marketing campaign? Some realtors may charge for valuations.

Getting an experienced realtor is vital to selling your house for the best price. Therefore, you should take the time to choose the best real estate person before signing the contract.

Summary

Homeowners can make selling their property easier by timing the sale correctly and taking advantage of favorable market conditions.

Moreover, patience can help them secure the best possible profit. Understanding the local property market and considering working with a reliable real estate agent is also essential.