Tuesday, November 27, 2007

Questions To Ask A Real Estate Agent - Part 5

Talk to several real estate agents before picking the one you want to work with. To help select the a good real estate agent, there are several key issues you should discuss with any agents you are considering including:

What is Your Best Marketing Plan or Strategy for My Needs?

As a seller, you will need to know:

  • Specifically, how will you sell my home?
  • What are the details of the proposed marketing campaign?
  • Will you show me a sample flyer or mailer?
  • Where and how often do you advertise?
  • How do you market online?
  • What price should I list the property at?

Don’t sign with an agent just because he or she suggests the highest asking price. When listing a property for sale, agents and brokers should compare the listed property with similar properties that recently sold, in order to determine a competitive market price for the property.

As a buyer, you will need to know:
  • How will you search for my new home?
  • Will I be competing against other buyers?
  • How do you handle multiple offers?
  • How many homes will I likely see before I find a home I want to buy?
  • Do you present offers yourself?

Ask the agent how he or she will protect your interests and why you should hire them rather than another real estate agent?

Click this link to read an informative article about real estate commissions.