4 Tips on How to Choose a Real Estate Agent If you’re selling you property, you obviously want to hire the best available listing agent. Many people, however, make the mistake of choosing an agent based on commission and suggested listing price for their property. It makes sense that like many homeowners, you want to pay the minimum commission and get the highest price possible for your home. But what makes a good agent isn’t those two factors. So what’s the best criteria for finding a competent agent? Let’s have a look at a few tips that may come in handy: List price Concerning the list price suggested, it’s important to keep in mind that your agent cannot really know how much your property is going to sell for. To help you decide on the sales price, your agent may show you’re their previously sold homes as well as current listings that are similar to yours. Ultimately, it’s the buyer who must decide if the price is OK with them. A good agent, therefore, should provide you with a price range. Several factors will determine this range, such as current market trends, your property’s location, etc. The agent who suggests the biggest listing price is therefore not necessarily the best.
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Picking the agent who asks for the lowest commission is not always a good idea. You may however find an agent who is ready to work for less than his or her competition because you might be willing to send more referrals their way. What’s important is that you don’t choose an agent who’s either desperate for business, or incompetent. Agent’s marketing plan Every agent will need the most effective marketing methods as well as a good advertising budget in order to expose your property to as many potential buyers as possible. A real estate agency with a large marketing budget will probably sell your home faster because of the wider exposure. So before you can hire an agent, ask them to show you’re their full marketing plan. This marketing plan should include essential techniques such as distribution to major real estate websites, four-color flyers, incentives for brokers, and a virtual tour for buyers. it may also help to advertise in the local papers. The more marketing methods included in the plan, the higher the likelihood of selling your home fast, and at a decent price. Experience and track record You’d probably prefer an agent who is experience and has a solid track record. Ask your prospective agent to show you homes they’ve sold in the past year. Are some of those properties similar to your in terms of location and price range? How long did it take the agent to sell those homes?