Before deciding on which real estate agent you would go for, you should know not to go to someone who has never bought or sold in your neighborhood—that should be the very first tip. Second, pass on real estate agents who are family members. You know how it will be when they are family and it usually does not go really well.
With online real estate information, the proliferation of properties has become a lot easier these days. It is so easy for consumers to decide on buying or selling homes because of technology.
Despite all of that, the importance of choosing the right real estate agents is still highly promoted. This is because the right agent will be able to help you to sell a home or buy your dream house quickly.
So, what exactly should you look for when it comes to choosing an agent? Here are 11 tips you should consider when choosing a real estate agent.
Get Listing Presentations
Don’t just settle for one real estate agent; as a matter of fact, go for at least three different real estate agents. When selling your house, it’s important for you to compare homes that they have sold before and how long did it take them to do so.
Since they’re all looking at the same house and data, the suggested listing price should not be too far from each other. If an agent suggests a price that is higher than what it’s supposed to be, it’s unlikely you’ll be able to sell the property quickly.
Find Agents Who Are Active
Avoid agents who are only doing real estate on the side as his or her part-time job. If you are buying a new house, you want a real estate agent who can show you all the data you need as soon as possible. If you’re the seller, you want an agent who is available 24/7 to answer all your questions and concerns.
Choose a Neighborhood Expert
If the real estate agent doesn’t know the landscape of the real estate in your neighborhood, find someone else. Let’s say you are looking for commercial properties in Orange County, the real estate agent has to understand the value and what makes the property stands out. It is very important for you to choose a neighborhood expert. This way you know exactly what is in the listings and why they put those in their listings.
Interview the Agents First
Avoid an agent who doesn’t have a face showed up with online listings. In every website, they pay to be there, so if the agent does not have a picture of him or herself, do not accept it right away. Do so much research and never settle on one agent. You have to decide whether or not they are the best choice for you.
Skip Lower Commission
In most places, the percentage of commissions are traditionally around 5-7%. Taking the example of being interested in commercial Orange County properties; the commissions should fall around the same percentage too.
These commissions are usually split between the agents who are selling and buying. If the real estate agent listed your property with a lower commission, most likely there will be fewer agents who will show it.
Choose Your Kind of Agent
If you’re wanting to invest in a property, it’s probably not best to pick a real estate agent who sells condominiums. You need to work with an agent who works with investors and who knows everything about property investment.
However, there are many agents who specialize in multiple areas. But you still need to make sure the real estate agent is fully capable of handling the type of transaction you are looking for.
Once you have a couple of agents’ names, set up interviews and ask questions that concern you. This way you can expect to find the right agent for your transaction.
Always Have Questions
During the interview phase, you need to ask as many questions as you can in order to learn more about the real estate agent. Whether it’s professional questions or slightly personal ones, you should know who you are dealing with.
If you have friends and family who know the target area, ask them to give some referrals; this way you get to find out their experiences and what they are good at. Some of the most important questions you should ask include:
- What area do you cover?
- How long have you been selling real estate properties?
- Do you have a vendor list you can recommend?
- What is your ratio of buyers to sellers?
- What is your average number of clients?
- Can I contact your three references?
- Do you have any questions for me?
It’s very important for you to know everything about the properties you are selling or buying. The investment is huge and choosing the right real estate agent is crucial.
The Agent Has Different Price Range
You shouldn’t be working with an agent who sells properties at different ranges compared to what you are looking for. If your target is an entry-level home at $200,000 as a first-time buyer, you don’t want to contact a real estate agent who usually handles luxury listings at $10 million each.
Do Not Go for Relatives
As mentioned earlier, it’s unlikely for both of you to have a smooth transaction, unless your family member is a full-time agent who specializes in properties in the neighborhood. Otherwise, it’s probably for the best to avoid doing a transaction with someone you already know personally. This is to avoid resentment if things go wrong and unexpected things happen.
Pick an Agent Who is Good at Negotiating
The worst you can expect is when an agent is not able to keep up with the details of the transaction. An agent’s job consists of making sure that before a house goes on the market, it is free of liens. He or she has to make sure that a buyer is pre-approved for a mortgage and if there are any issues, the agent is quick to resolve it.If he or she is a poor negotiator, find someone else can do the job better.
If you are looking to market your home, always go for a real estate agent who knows how to think out-of-the-box. This way of thinking tends to intrigue more buyers without using some sorts of immoral tactics to attract their attention. These days, the majority of real estate agents opt for social media marketing. Considering the high number of people lurking around social media, it’s always considered as the most recent way to attract buyers.
Our Last Advice
If you want to get an excellent first impression, practice all 11 tips above and see how quickly you can sell or buy a home. Make sure to set yourself up for a quick sale and always price your property properly right from the start.
If you are selling, enhancing your home’s curb appeal will give better first impressions. Keep the home you want to sell decluttered and clean.
Lastly, you can always stage the house that you are planning to sell exactly how you think it should be used. It doesn’t matter if the potential buyers have different design opinions. By staging your house, you will have a better chance at quickly selling your house.