Questions to Ask a Real Estate Agent Before Hiring Them
Whenever you are unwell, you quickly go and consult a doctor for diagnosis and treatment. Similarly, when moving and you would like to sell, buy or rent property, it is only prudent that you seek assistance from a real estate agent. Fortunately, with hundreds of professionals to choose from, the task may not be as difficult as you may have earlier thought. Unfortunately, picking an agent at random might not be the best idea. A perfect starting point is by obtaining recommendations from people who have interacted with real estate professionals.
You will find it easy to trust a person referred to you by someone such as a family member, friend or neighbor. That way, you are confident of dealing with a specialist who understands your target market and the type of property you want. In this regard, there are burning questions you would want the agent to respond to before hiring them. Here are some of the tough ones:
What is your experience in this business?
There is always the perception that an agent with a few years in the industry cannot fix your problem. While that is not the case, you should assess a prospect based on training in the field and their connection to their competent peers. A new entrant will focus on your needs more while an experienced one can get to your bottom line quickly. Since these professionals do not have specialized training, much of what they know comes from field experience. The more clients one has handled, the more he or she understands the business.
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What approach do you plan to pursue?
If you want to buy property, you are keen to find out how they will search. You also want to know whether the agent will allow you to view the homes on offer before deciding. On the flipside, if you are the one selling, your concerns will be how the selling process goes, advertisement, photography, and marketing approach. Some estate brokers use the internet while others advertise in newspapers and through direct mail. A combination of these methods can also work to your advantage.
What qualities make you stand out from other agencies?
An agent keen on securing your business has no qualms answering such questions. While everyone operates by his or her standards, you will most certainly be interested to hear that he or she is honest in all dealings. Another quality you expect is that he or she is an adept negotiator who communicates with you regularly by email or phone.
What is your standard fee?
You can always negotiate the fee but remember these professionals use percentages. The range is usually between one and four percent.
Your ability to find a professional contributes significantly to an affordable house and a decent sale. Experience counts and this should be a strong point. It also helps if an agent shares with you their strategy and makes their strength stand out. The fee or standard used in its computation is also an important aspect.
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