Thinking of buying or selling a home? Between 70% and 80% of homeowners use a real estate agent or broker when buying or selling a home, so choosing the right agent is vital in successful real estate transactions. Here are the things to consider when hiring a real estate agent.
See Also: Real Estate Investing for Beginners
Things to Consider When Hiring a Real Estate Agent
While there are competent part-time agents that sell a property, it is imperative and important to hire someone who can show your home at varying hours or, if you are a buyer, can take you out to see properties at your convenient time.
Thus, ask your real estate agent if they work full-time—those who work full time tend to take their jobs more seriously and are generally more flexible when it comes to showing your home.
Find Someone Who Offers Suggestions
Savvy real estate agents know what sells houses in the area, whether it’s a pool, office or some other looked-for characteristic. To that end, they will be able to make suggestions about which rooms or features should be emphasized or de-emphasized.
During the initial interview, ask the agent if there are any changes that could be made that would make the house more appropriate. More often than not, the best agents will make these suggestions without prodding.
Find an Area Expert
Hire or keep an individual who knows a great deal about the area—these agents will also be more aware of the usual offering and selling prices than those agents who do not usually work in the vicinity. One way to find an expert in your area is to ask a local brokerage or your friends or relatives if they know anyone who has sold a large number of homes and/or businesses in the area.
Sellers, in particular, should also look for agents whose personalities mesh with theirs. For a house to sell quickly and at a favorable price, the listing party and the agent must be on the same page in terms of how they are going to market the property, the price that will be set, and how and when the home will be shown. Coordinating these ideas will be much easier if both parties get along on a personal level.
Keep Your Options Open
Even if you’ve retained what you think is an ideal agent, think twice before signing an exclusivity agreement. While your agent might be competent, if you are a seller, the more agents you have that can potentially show and sell your home the better the odds are that you will sell that home.
See Also: Benefits of Real Estate Investing
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