Questions To Ask Realtor When Selling Home

Questions To Ask Realtor When Selling Home – Written by Allison Martin Written by Allison MartinArrow Senior Contributor, Personal Finance Allison Martin helps protect personal finances, 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 major outlets, including The Wall Street Journal, MSN Money, MoneyTalksNews, Investopedia, Experian and Credit.com. A Certified Financial Education (CFE) Instructor, Martin also shares his 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 Senior Editor, Home Lending Michele Petry is senior editor for , leading the site’s real estate content. Connect with Michele Petry on LinkedIn Linkedin Contact Michele Petry via Email Email Michele Petry

Questions To Ask Realtor When Selling Home

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Beginner’s Guide To Being A Real Estate Agent

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Questions To Ask Your Realtor When Buying A New Home

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The red-hot housing market is starting to cool, with sales figures and list prices following suit. However, with the help of an experienced real estate agent, it may be time to cash in on your home. But with so many real estate agents to choose from, finding the right one to guide you through the home selling process can be difficult. Here’s what to ask to make sure you’re hiring the best real estate agent for the job.

Start by reaching out to friends and family for referrals. If someone you know and trust has worked with the real estate agent you recommended, you’re already ahead of the game. Also, do some research in your area: note the names on “for sale” signs and search online for recent sales in your neighborhood, especially homes similar to yours.

Once you’ve shortlisted, schedule a phone call or meeting with each real estate agent to find out what’s right for you. You want someone you feel comfortable with, who knows your area well, and who can help you to navigate your journey and sell at the best price. How do you know all this? By asking the right questions.

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Is this the agent’s first rodeo or do they have extensive sales experience and a proven track record? You want someone with the knowledge and tools to do this effectively. And don’t take our word for it – check the online listings too.

It’s not enough for a real estate agent to just have experience – ideally, you want someone with experience in your niche. Real estate is very local, and sales trends can vary from neighborhood to neighborhood, so it’s important to understand details like school districts and traffic patterns.

No one wants to find themselves stuck with a real estate agent they don’t like or who doesn’t do their job. Note that it doesn’t hurt to ask how long the contract should be, whether a short-term deal is an option, and whether the contract can be broken if the arrangement doesn’t work out.

Some real estate agents may set unrealistic expectations of the home’s value in order to win over the client by promising a higher sales price than you can achieve. Overpricing your listing may result in the need for a drastic price reduction later, so it’s important to ask about the listing agent’s pricing strategy. If it isn’t clear and doesn’t include compounds or a written comparative market analysis, you could be setting yourself up for disappointment. You can also search online to determine the average sales-to-list ratio, or the difference between the original price and the purchase price of the agent’s previous sales.

Questions To Ask When Choosing A Realtor® To Sell Your Home

The seller pays a real estate commission to both parties involved in the real estate transaction — typically 5 to 6 percent of the home’s sales price, split equally between the seller’s agent and the buyer’s agent. These fees are often negotiable and worth a try if you can spare the money. But don’t choose a real estate agent just because they charge the lowest commission. Professional agents have knowledge and experience that most consumers do not, and their guidance is usually invaluable.

Ask each real estate agent to submit a marketing plan for your home. Make sure the listing will be listed on the MLS (multiple listing service) in your area, where it will be seen by other agents as well as online search platforms public, such as Zillow. What information will be included in the list? Do you have plans and virtual tours? And will they host the opening and use social media to get more exposure? These are just some of the details that a sales plan should address.

How long it takes to sell a house varies based on a number of factors – every property and local market is different. But a smart realtor will know the average number of days the area has been on the market and how long other homes similar to yours have been selling for. If time is of the essence and you need to sell quickly, make sure you communicate first.

Is the real estate agent showing a single person or working with a team? The latter can sometimes be better, especially with high-volume agents who have many other clients competing for their time and attention. On the other hand, some people prefer a personal touch to deal with the same person every time.

Virtual Open Houses & Tours: Questions To Ask Your Realtor

Do real estate agents prefer to communicate via text? If you prefer to talk on the phone, this may not be right for you. Also ask about availability and frequency of communication: are you available on weekends? How often should you expect updates and how detailed?

Any real estate agent will tell you to keep the house clean, tidy and

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