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4 Tips on How to Choose a Real Estate Agent If you’re selling your home, you’ll obviously want to hire the best listing agent you can find. Many people, however, make the mistake of choosing an agent based on commission and suggested listing price for their property. It’s understandable that like many homeowners, you want to get the best price for your home and pay the lowest commission possible. But those two factors determine who is or isn’t a good agent. So to find a competent agent, what criteria should you use? Here are a few guidelines that should be of help: Listing 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. A number of factors will determine this range, such as the location of your property, market trends, etc. So the agent who suggests the highest listing price isn’t necessarily the best one.
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Agent’s Commission
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It’s not always a good idea to choose the agent who charges the lowest fee. However, you may find n agent who’s willing to work for a smaller commission than their competitors because you might be willing to refer more business to them. What’s important is that you avoid agents who are either incompetent or desperate for business. Marketing plan Every agent needs the best marketing techniques and a decent advertising budget so they can expose your home to as many potential buyers as possible. Agencies with big marketing budgets are more likely to sell your home faster, thanks to the increased exposure. So before you can hire an agent, ask them to show you’re their full marketing plan. this marketing plan must include important techniques like distribution to the top real estate sites, four-color flyers, a virtual tour for buyers, and incentives for brokers. It might also be necessary to run ads in the local newspapers. The more the marketing tactics included in the marketing plan, the higher the chances of selling your home fast and at a good price. Agent’s track record and experience You probably want an agent who’s experienced and has a good track record. Have your prospective agent show you what homes they’ve manged to sell in the past year. In terms of price range and location, are some of those homes similar to yours? How long did it take to sell those properties?