Buying or selling a home could be an overwhelming task that often requires most of your time. Oftentimes it makes sense to hire an expert or a realtor to handle the tasks as well as the details. Real estate agents can help you get a good deal and can help take some load off your hands. If you are selling your property, a real estate agent will advertise it for you, will answer inquiries, and will help you finish the negotiation stage.
If you are buying a property, the agent could recommend the community that would fit your lifestyle and preferences. He could also advise you of the potential drawbacks of the place. However, not all real estate agents are the same. Some may exploit you for your inexperience and end up causing you a lot.
Your house is one of the major investments you will ever make. And, no one has the right to judge you if you are being selective about whom to ask for help in selling or buying it. It is important that you find a real estate agent whose values and philosophy match with yours.
To be able to find the right person for the job, be prepared to interview two or more real estate agents. Also, you should ask the right questions to gain a deeper understanding of the agent’s personality and skills. Here are the top three essential questions you should ask your realtor so you could make the best choice.
1. What Are The Downsides Of My Home?
While it may appear counterintuitive, asking your realtor to evaluate the downsides of your property is one of the best ways to learn other significant details throughout the interview. If the real estate agent gives you an honest rundown of the flaws of your house, you know that he has a good eye for detail. The agent’s answer could also reveal if he is sincere or he is just trying to sales talk you into hiring him. Hire a real estate agent you feel will always look out for your best interest. After all, you would not want to entrust a crucial transaction to someone who does not make you feel secure and comfortable.
2. How Will You Sell My Property?
Another important example of what to ask a realtor is how he will market your property. A good realtor will discuss to you about his plans for advertising your home. This includes open house schedules, putting up signs, and Internet listings. Anyone can put up a For Sale sign in front of your house but a good realtor will go the extra mile to ensure potential buyers could see your property.
Hire a realtor who has access to resources for properly marketing your home or property. You can also ask the realtor what is his marketing plan for selling your house. Choose someone who will immediately post your property on the MLS or Multiple Listing Service. This is a group of databases that contain lists of homes for sale. It is one way to boost the exposure of your home to a wide range of homebuyers.
3. What Experience Do You Have?
This question is not only about how many years the realtor has been in the industry. It is about how effective he is as a real estate agent. You can get details on the realtor’s experience by asking about the ration of his list price to the selling price. To get this ratio, simply compare the price of the property against the price that it was sold. An experienced agent always knows his number. The basic rule is to choose a realtor with a ratio of almost 100 percent. In other words, the final sale prices of that he has sold are close to their listing prices.
These are just some of the basic but essential questions that you can ask to get to know more the realtor. Knowing what to ask a realtor could definitely shed new light on his personality, weaknesses, professional abilities, and attitude.