to Find a Good Realtor
Real estate is a huge market
with many agents signing up regularly. Picking the
right agent or deciding if you should use a realtor
at all are decisions that can affect your bottom line.
Things to consider before signing up with a realtor?
Time frame for selling your home can be a determining
factor in deciding if you need a realtor or not. If
you are in a hurry to sell because of a change of
job, etc., you may want to list with a good agent,
after doing your homework. If you have time to sell
your home, you may consider selling it yourself if
you need the equity money for a down payment. If you
do decide to sell it yourself, you will want to put
even the smallest details into the contract. This
will help avoid problems later.
Doing a little homework to find the right agent can
help you sell more quickly and help you have a positive
experience. Always interview several agents before
deciding on one. Here is a list of potential questions
· Where do they do their marketing? How will they
get your home the exposure you need to sell? Do they
advertise in the real estate magazines, TV, radio,
newspaper or other publications? Ask them to give
you specific details and describe successes they have
had with their advertising.
· What is their background? How long have they been
an agent? How many houses have they sold?
· How long does it typically take them to sell a home?
What price range of homes do they list? Are they generally
within the same price range or do they go after the
really high-priced homes in order to make a higher
commission? How many homes do they represent at one
· Have they sold homes similar to yours before and
what success have they had? Get names and address
of satisfied customers from the agent.
· Is the prospective agent with a reputable agency
and a member of the state and national Realtor Associations?
· What is the commission percentage they are willing
to accept? See if they will list your home at a lower
percentage. (A word of caution to the seller. Don't
list with an agent who has really low commission percentages.
They will not focus or give your property the necessary
attention to sell it.) Most realtors want six or seven
percent commission. If you can get them to work for
a percentage point or two lower commissions, that
is money in your pocket.
· Will they refund part of their commission if you
also purchase a home with them? Some realtors will
give you up to one percent of their commission back
if you use them for both selling and buying.
The key is to find the agent that will work with you,
give you good service and has a good track record.
Again beware that some agents list lots of properties
but have a very low success rate.
Tell the prospective agent that you will only sign
a contract that gives you the ability to cancel the
contract if you are not satisfied with their progress
after a predetermined amount of time. If the agent
tells you that that's not possible, ask whether you
can list the property for three or four months instead
of a year. Listing the property for an entire year
with one agent is not recommended. If you list for
a year with an agent that does not work your property
or get you results, you are locked in for a long period
of time. Avoid agents that require you to lock in
for a year. Remember you, the seller, are in control
because you are hiring them. There are lots of real
estate agents and you can find one that has good credentials
and will be flexible on the length of time required
to list with them. Also be sure that when you finish
listing with an agent that they will release your
property so that you can pursue other options if your
property has not sold.
These tips should help you if and when you need a
real estate agent. Remember you as a seller call the
shots. If you find the right agent, you will increase
your chances of selling your home and should have
a good experience.
© Simple Joe, Inc.
Lyle Evans is a quality control specialist for Simple
Joe, Inc., makers of the popular Simple Joe's Expense
Tracker PC software. Expense Tracker is a quick and
simple way to keep track of your expenses and stay
within your budget. Expense
Tracker is ideal for tracking personal, business,
home and club expenses.. This article may be freely
distributed as long as the copyright, author's information
and an active link (where possible) are included.