1.
Are you a full-time professional real estate agent?
How long have you worked full time in real estate? How
long have you been representing buyers? What professional
designations do you have?
Knowing whether or not your agent practices full time
can help you determine potential scheduling conflicts
and his or her commitment to your transaction. As with
any profession, the number of years a person has been
in the business does not necessarily reflect the level
of service you can expect, but it is a good starting
point for your discussion. The same issue can apply to
professional designations.
2.
Do you have a personal assistant, team or staff to
handle different parts of the purchase?
What are their
names and how will each of them help me in my transaction?
How do I communicate with them?
It is not uncommon for agents who sell a lot of houses
to hire people to work with them. As their businesses
grow, they must be able to deliver the same or higher
quality service to more people.
You may want to know who on the team will take part
in your transaction, and what role each person will play.
You may even want to meet the other team members before
you decide to work with the team. If you have a question
about fees on your closing statement, who would handle
that? Who will show up to your closing?
3. Do you have a Website that will list my home?
Can
I have your URL address? Who responds to emails and how
quickly? What’s your email address?
Many buyers prefer to search online for homes because
it’s available 24 hours a day and can be done at
home. So you want to make sure your home is listed online,
either on the agent’s Website or on their company’s
site. By searching your agent's Website you will get
a clear picture of how much information is available
online.
4. How will you keep in contact with me during the selling
process, and how often?
Some agents may email, fax or call you daily to tell
you that visitors have toured your home, while others
will keep in touch weekly. Asking this question can help
you to reconcile your needs with your agent's systems.
5.
What do you do that other agents don't that ensures
I'm getting top dollar for my home?
What is your average
market time versus other agents' average market time?
Marketing skills are learned, and sometimes a real estate
professional's unique method of research and delivery
make the difference between whether or not a home sells
quickly. For example, an agent might research the demographics
of your neighborhood and present you a target market
list for direct marketing purposes.
6. Will you give me names of past clients?
Interviewing an agent can be similar to interviewing
someone to work in your office. Contacting references
can be a reliable way for you to understand how he
or she works, and whether or not this style is compatible
with your own.
7.
Do you have a performance guarantee?
If I am not
satisfied with your performance, can I terminate our
listing agreement?
In the heavily regulated world of real estate, it can
be difficult for an agent to offer a performance guarantee.
If your agent does not have a guarantee, it does not
mean they are not committed to high standards. Typically,
he or she will verbally outline what you can expect from
their performance. Keller Williams® Realty understands
the importance of win-win business relationships: the
agent does not benefit if the client does not also benefit.
8. How will you get paid? How are your fees structured?
May I have that in writing?
In many areas, the seller pays all agent commissions.
Sometimes, agents will have other small fees, such as
administrative or special service fees, that are charged
to clients, regardless of whether they are buying or
selling. Be aware of the big picture before you sign
any agreements. Ask for an estimate of costs from any
agent you contemplate employing.
9. How would you develop pricing strategies for our
home?
Although location and condition affect the selling process,
price is the primary factor in determining if a home
sells quickly, or at all. Access to current property
information is essential, and sometimes a pre-appraisal
will help. Ask your agent how they created the market
analysis, and whether your agent included For Sale by
Owner homes, foreclosed homes and bank-owned sales in
that list.
10.
What will you do to sell my home?
Who determines
where and when my home is marketed/ promoted? Who pays
for your advertising?
Ask your real estate agent to present to you a clear
plan of how marketing and advertising dollars will be
spent. If there are other forms of marketing available
but not specified in the plan ask who pays for those.
Request samples or case studies of the types of marketing
strategies that your agent proposes (such as Internet
Websites, print magazines, open houses, and local publications).
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