Selling House Questions To Ask Realtor – Written by Allison Martin Written by Allison MartinArrow Real Contributor, Personal Finance Allison Martin covers personal finance, including mortgages, auto loans, and small business loans. Martin’s work began over 10 years ago as a digital content strategist and has since been published in several leading publications, including The Wall Street Journal, MSN Money, MoneyTalksNews, Investopedia, Experian and Credit.com. As a Certified Financial Education (CFE) Instructor, Martin shares her passion for financial literacy and entrepreneurship with others through workshops and interactive programs. Connect with Allison Martin on LinkedIn Linkedin Allison Martin
Edited by Michele Petry Edited by Michele PetryArrow right Senior Editor, Home Loans Michele Petry is a senior editor for , leading the site’s real estate content. Connect with Michele Petry on LinkedIn Linkedin Contact Michele Petry via Email Michele Petry Email
- 1 Selling House Questions To Ask Realtor
- 2 Reasons To Choose A Real Estate Agent Over
- 3 The Top 15 Questions To Ask Your Realtor When Buying Your First Home
- 4 Questions To Ask When Viewing/ Buying A House
Selling House Questions To Ask Realtor
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Reasons To Choose A Real Estate Agent Over
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Questions To Ask A Realtor® Before Submitting An Offer
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The Top 15 Questions To Ask Your Realtor When Buying Your First Home
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The hot housing market is starting to cool, followed by the number of sales and list prices. However, with the help of an experienced realtor, it could be time to cash in on your home. But with so many real estate agents to choose from, it can be very difficult to find the right one to guide you through the home selling process. Here are some things to ask to make sure you hire the best real estate agent for the job.
Start by reaching out to friends and family for recommendations. If you have someone you know and trust working with a real estate agent they would recommend, you’re already ahead. Also, do some research in your area: write down the names of nearby “for sale” signs and search online for recent sales in your neighborhood, especially homes similar to yours.
Once you’ve made your shortlist, schedule a call or meeting with each real estate agent to find out if they’re a good fit for you. You want someone you feel comfortable with, who knows your area well and can help you find your way and sell for the best possible price. How to figure all this out? By asking the right questions.
Questions To Ask When Viewing/ Buying A House
Is this the agent’s first ride or does he have extensive sales experience and a proven track record? You need someone who has the knowledge and tools to do the job effectively. And don’t just take their word for it – check out their online listings too.
It’s not enough for a real estate agent to have experience – ideally, you want someone who has experience in your specific field. Real estate is very local and sales trends can vary from neighborhood to neighborhood, so it’s important to have data like school districts and traffic patterns.
No one wants to be stuck with a real estate agent they don’t like or don’t do their job. With that in mind, it can’t hurt to ask yourself how long they will need a contract, whether a short-term deal is an option, and whether the contract can be terminated if the deal doesn’t work out.
Some real estate agents may set unrealistic expectations of a home’s value in order to win over clients, promising a higher sales price than they are likely to receive. If your listing is too high it may be necessary to lower prices later, so it is important to ask about the agent’s strategy for setting the retail price. If it’s vague and doesn’t include invoices or a written comparative market analysis, you could be setting yourself up for disappointment. You can also look online to find the average sale-to-list ratio or the difference between the original asking price and the purchase price of previous agent sales.
Questions To Ask When Choosing A Realtor
The seller pays a real estate commission to both parties involved in any real estate transaction – usually 5 to 6 percent of the sale price of the home, split equally between the seller’s agent and the buyer’s agent. This fee is often negotiable and is worth a try if you can save money. But don’t choose a realtor just because they charge the lowest commission. Professional agents have knowledge and experience that most consumers do not, and their guidance is usually worth the cost.
Ask each realtor to share their marketing plan for your home. Make sure the listing is included in your area’s MLS (multiple listing service) where other agents will see it, as well as online platforms browsed by the general public, such as Zillow. What information will be on the list? Will it have a floor plan and a virtual tour? Will they host open houses and use social media for more exposure? These are just some of the details that should be addressed in a sales plan.
The time it takes to sell a house depends on many factors – every property and local market is different. But a knowledgeable realtor will know the average number of days on the market in their area and how long it took other homes like yours to sell. If time is of the essence and you need to sell as quickly as possible, please let us know in advance.
Is a Realtor a one-man show or does it work as a team? The latter can sometimes be better, especially for a high-volume agent who has many other clients competing for their time and attention. On the other hand, some people prefer to have a more personal touch to deal with the same person every time.
What Questions Should I Ask A Real Estate Agent Before Hiring Them
Does a real estate agent prefer to communicate via text? If you prefer to chat on the phone, they may not be the best fit for you. Also ask about their availability and frequency of communication: Are they available on weekends? How often can you expect updates and how detailed will they be?
Any real estate agent will tell you to make sure the house is clean, tidy and clutter free.
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