If you are selling your home or any other property, a good real estate agent will do a lot more than just find the right buyer for you. The specialist will prepare your home for sale, determine a listing price, market your property, negotiate the transaction on your behalf, and finalize the deal.
Basically, real estate agents are a critical part of the selling process and therefore it’s very important to ensure that you select the right person. This is a person who will offer advice and insights, and also help you shoulder some of the stress that comes with property selling. You want an agent who is trustworthy, has the expertise, and is flexible. Furthermore, you are selling one of your biggest and most valuable assets, and it’s therefore important that you select the right person for the job.
Here are some great real estate agent selection tips you should consider using during your selection.
Ask for References
Before you hire a real estate agent, ask the agent to provide a list of previous clients plus their contact information. Contact them and inquire about their experience with the agent and whether they were satisfied with the outcome of the property sale. The information you’ll gather from these references will help you make an informed decision on whether to hire or not.
Find an Agent Who Specializes in the Kind of Property You Are Selling
It’s important that you select an agent who only specializes in the kind of property you are selling. Why is that? This is because experience and expertise matter most. If the agent has never sold property similar to yours, then it’s possible that you might not get the best deal.
Ask the seller if the property he has sold before is similar to yours in terms of location, price, and specific features.
Check the Licensing
Most states have boards that provide licensing and regulate real estates. If the agent cannot produce genuine licensing certifications, then do not consider hiring him. Licensing is very crucial in any profession.
Check with the state’s regulatory body to find out if the real estate agent is licensed. Also, check if there have been complaints or any other disciplinary actions imposed on the agent.
Check to Ensure that the Agent has the Right Credentials
To become a real estate agent, one must complete his education and obtain some additional training in handling both residential and commercial real estate. These credentials indicate a person’s professionalism as well as their pledge to support the code of ethics.
Check if the agent has Certified Residential Specialist (CRS), Accredited Buyer’s Representative (ABR), and Seniors Real Estate Specialist (SRES) credentials.
Enquire about Experience
How long has the professional been in business? Two years, three, five?
Experience is a very important consideration when selecting the right real estate agent. You will want to hire someone who has in business for at least more than three years. This is because the person is quite knowledgeable and definitely knows the about the ups and downs of the real estate industry.
Talk About Pricing
One of the most important conversations you should have with a real estate agent is about the pricing of your property. The agent must provide you with a comprehensive analysis that compares similar properties that are on the market.
Besides property pricing, enquire about the agent’s commission. How much commission will he charge from the sale of your property?
Sign the Contract
After all other crucial details have been finalized, sign the contract. In this case, be sure to ask the agent how long the listing contract will last. If the market is slow, the agent may propose a longer contract. Make sure you discuss about the contract before signing.
Selecting the right agent to sell your property can not only help you get a tidy sum, but it can also help you avoid the hassles that come with property marketing. Use these real estate agent selection tips to find the best professional in the field.