1. What is your company’s track record and reputation in the market place? It may look like everyplace you look, Real Estate agents are touting about being #1 for this or that or quoting the number of places they’ve sold. You may be stunned to know that some agents sell less than 10 houses a year.
2. What are your marketing plans for my house? – Just putting a sign on your lawn and holding open houses will not sell your house. How much money does this agent spend in advertising the homes he or she lists versus other agents you are interviewing? In what media does this broker promote?“ Look for an broker with a particular marketing plan.
3. Could you send me some information about yourself? – You can often get a good idea of which agents are the most professional by looking at their marketing materials. If the marketing pieces aren’t professional and they can’t market themselves effectively, how are they going to market your home? Track how long each agent takes to answer to your request and how quickly they follow up. If they don’t react expeditiously to your listing requests, suppose how they’ll handle potential house buyers
4. What listing price do you recommend and what is it supported on? – Pricing is the most important step to selling your house. Take great care in selecting an broker with the knowledge to price your home effectively. Keep in mind that the selling price should pull prospective buyers to your home, get you top dollar in the current market and reflect the condition of your house. Be realistic and avoid: „Yes agents“ who will say ‘yes‘ to any request or price. Your house could languish on the market as a result.
5. What is your average duration of time from listed to sold? – Don’t automatically assume the shorter time on the market, the better. That could reflect undervaluing homes and selling them quickly at „low ball“ prices. Look at the original asking price compared to the actual selling price. A Real Estate Agent who sells close to the asking price is effective at setting the right price and helping clients get it.
6. What Form of Guarantee Do You Provide? If you sign a listing or buying agreement with the broker and later find that you are unhappy with the arrangement, will the broker let you cancel the agreement? Will the agent stand behind thier service to you? What is thier company’s policy about cancelled agreements? 7. How long is the listing agreement and what are the fees? – Have your agent go over all the details. Make sure the starting and ending dates are on the agreement, a good standard for length is six calendar months. Know precisely what fees you will be giving, and remember less is not always better. If the broker stands to make very low commission, you can bet it will be reflected in the amount of time and effort that is spent marketing your home. If the agent reduces their commission to get your listing, it may mean they intend to spend very little money promoting your property.
8. Can you refer me to a Reputable Mortgage Broker, Lender or Real Estate Attorney? This inquiry brings out how participating the real estate agent is, and how well affiliated they are professionally. In the selling process you will require the services of a reputable, competent mortgage broker, lender, title company etc. Your real estate broker should be able to give you a few names on the spot if they are committed and diligent with their practice as a professional Realtor.
My hope with this write up has been to educate you and help you avoid the pitfalls numerous home sellers go through. I trust you found the ideas worthwhile and if there is ever any way I can be of service to you or anyone you care about, please visit my website http://www.pmfmtg.com
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Source by Louis Vela