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6 Questions To Ask Your Next Realtor When Selling Your Property

Tuesday, January 23, 2024   /   by Teresa Pileggi

6 Questions To Ask Your Next Realtor When Selling Your Property

6 Questions To Ask Your Next Realtor When Selling Your Property

Overview

Some customers are capable of selling their own homes. However, many sellers want to avoid the daily headaches, responsibilities, and issues arising when selling their property, taking time away from their jobs and families. Your best bet is to hire a full-time real estate agent. After all, the benefits of working with a full-time, experienced realtor are tremendous. From enabling your home to sell at a relatively higher price to allowing you to make a sale faster, many benefits come with hiring a realtor to sell your property. With the saturation of realtors working in the real estate market, choosing the right agent can be daunting. To be safe, you must ask your preferred realtor several questions to get the right person to sell your property. Here are some of the critical questions you should ask your following perspective realtor when selling your property:

1. How many homes have you sold in the past 12 months and your real estate career?

Asking your prospective realtor the number of homes or properties they have sold in the past 12 months and since they have been a realtor will help you establish their experience in the real estate market.
For instance, if your selected real estate agent has only sold 1-5 homes in the past 12 months and is under 20 in their career, they are more or less a part-time realtor.
However, if the realtor has sold over 200 homes, their experience must be unprecedented. As a result, you will have peace of mind working with such a realtor as you can rest assured your home will be sold quickly and for top dollar.

2. What are your credentials?

When hiring a realtor to sell your property, first, you must hire a licensed agent. They should have designations that show their specialized knowledge. With these credentials, you can trust you are working with the right realtor. If you want a realtor who is a good negotiator, you may consider a realtor who has a Master Certified Negotiation Expert designation (MCNE). Consequently, this professional can list your property and know they have strong negotiating skills to complete the deal.

3. How did you arrive at the listing price?

Asking the question as mentioned above is different from asking, 'What do you think my asking price should be?' Every realtor will tell you what they think your home or property should be listed for, but the 'how' is very important. This can be attributed to the fact that the price you set your home at will determine how much attraction your home will get and how fast it will sell. Ideally, your home's price should be competitive and one that a prospective buyer will be willing to consider.
If you set the price dramatically higher, your home will likely remain on the market for an extended period. This is why your real estate of choice must be conversant with the prices of similar homes within your community. This way, the realtor will set a reasonable price to guarantee top dollar and a quick sale.

4. How will you market my home?

One of the critical elements when it comes to selling properties is the marketing strategy. When marketing your home, many ideas can help you get started. From listing your home in the Multiple Listing Service (MLS) to posting it on social media platforms, there is an array of places where your realtor can market your home. The more platforms your selected realtor considers for marketing your home, the higher the chances of selling it fast and for top dollar. Your realtor should communicate with video marketing, staging, social media ads, top agent networking, and more.

5. What must I do to prepare my home for sale?

Besides the questions mentioned above, you should ask your realtor how to prepare your home for sale. Any qualified real estate agent should be able to pinpoint several things you should do to stage your home.
From giving you tips on decluttering your property to informing you on the best ideas to improve your home's curb appeal, there are many insights your realtor of choice should share with you. If your house impresses prospective buyers, you can sell it sooner than expected.

6. How much commission will I pay you?

Since the real estate agent is in business, they charge a commission for selling your home. Commissions vary in many aspects. You should take a look at what the agent is offering you. A good tip is for the potential realtor to show you their marketing plan and process. Remember, it is not important how much the realtor is making; what is most important is what they will be doing to market your home and how much you will net in your pocket.

Conclusion
Choosing the right realtor can be a complex process. However, by asking the above questions, you can trust that you will choose the right realtor to sell your property. Ideally, the realtor should tick the right boxes as far as the questions mentioned above are concerned. Once you are confident that the realtor in question is the right one for you, you can be able to hire
them with ease.
Pileggi Real Estate Team - eXp Realty
Tom Pileggi, Broker
P.O. Box 1665
Holland Landing, ON L9N 1P2
416-917-6566

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated February 24, 2024
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