FIVE QUESTIONS TO ASK YOUR POTENTIAL SELLERS AGENT Written by Phoebe Chongchua Real estate professionals are used to being asked questions by buyers and sellers, but not all questions are created equal. In this column, we take a look at five of the most important questions to ask before you decide to work with a particular agent. Is this your full-time career? This isnt to say that the only good agents are full-time in the industry. Instead, its to help you understand the agents time commitment to their real estate work. This will help you determine if your schedules will work well together. Real estate is not an eight-to-five kind of job. So, if your agent is working another job that requires his presence during a specific time frame, this could pose inconveniences for you. However, if the agent has ample support staff and the ability to be very responsive, there might not be an issue. More than likely this latter situation is offered by an agent who is full-time in the real estate industry. How many sales have you closed in my neighborhood? An agent with a solid understanding of your neighborhood is critical to helping you sell your home faster and for more money. Today, though, with the Internet playing a vital role in real estate, agents can have a broader reach. They dont always have to be selling in your neighborhood to be good at selling your home. There are agents with great marketing skills who are working well in other neighborhoods... maybe they havent sold in yours yet. Dont cast them aside. Hear what they have to say and see if its a fit for your target buyers. How do you handle something that goes wrong in a transaction? This is a very broad question but a good agent will have a thoughtful and truthful answer. This is a customer-relation-based industry and knowing how complaints, errors, and issues that come up are handled is worth exploring. It provides opportunity for greater discussion and understanding about the business and the expected service you will receive. What is your fee? Typically sellers agents take a 3% commission. Sometimes this is negotiable. You should have this discussion before you sign with the agent. Understand, though, that real estate is not a passive job. Successful agents work hard to earn their commissions and working for a reduced commission could mean some of the marketing services offered to a full-paying client arent available to you. Also, explore the topic of house price reductions. How will you market my home? This is another question that will bring you many different answers ranging from fluff to really meaningful information. While marketing strategies require more time and research to develop, skilled agents will be able to tell you what works in your neighborhood and what doesnt. They should talk to you about many marketing techniques including: social media, the Internet, video, open houses, and more. They may have developed their own special strategies that help to increase foot-traffic to your home. Since the Web plays such a big role in showcasing for-sale home pictures, the challenge can be getting those same potential buyers to actually set foot in your home. Asking questions up front, aiming for clear and specific understanding, will create a greater chance of a sale and a harmonious business relationship.
Posted on: Mon, 04 Nov 2013 19:45:03 +0000
Trending Topics
Recently Viewed Topics
© 2015