Key Questions Property Sellers Should Ask Before Hiring a Real Estate Agent 

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Selling a property is a major decision that involves many complex processes. Choosing the right real estate agent can make a significant difference in achieving a successful sale. But how do you find the right agent for you? By asking the right questions. In this article, we will discuss the key questions property sellers should ask before hiring a real estate agent.

Before you decide to sell your property, you need to make sure you’re working with the best real estate agent for your needs. Hiring the wrong agent can lead to a longer selling process, lower offers, and ultimately less money in your pocket.

Asking these key questions can help you identify agents with the experience that’s best suited to getting you a successful sale at a good price.

What Real Estate License Do You Have? 

Before hiring a real estate agent, it’s essential to ensure they have the necessary license to carry out their duties. This means the seller should ask what type of real estate license their prospective agent holds.

What experience do you have selling properties like mine?

It’s crucial to know what experience a real estate agent has before hiring them to sell your property. Ask the agent how many similar properties they’ve sold in the past year and what their average sale price was. You may also want to find out how familiar they are with the area that your property is in, as this can be highly beneficial for marketing the property effectively. This information will give you a better idea of the agent’s expertise and whether they have the right experience to sell your property.

What is your marketing plan for my property?

Ask potential real estate agents what strategies they plan to use when it comes to promoting your property and how they plan to showcase your property’s unique features.. You should learn about how an agent will market the property online as this is where most buyers begin their search. Ask if they have a website, and find out if they use any social media platforms such as Facebook or Instagram. Also, discover if they are actively connected with any top-tier real estate marketplaces, like Property24.com or Privateproperty.co.za.

What is your commission rate?

Real estate agents typically work on a commission basis, which means they earn a percentage of the sale price of your property. It’s essential to know what the agent’s commission rate is and whether it’s negotiable. While a lower commission rate may seem more attractive, make sure you’re not sacrificing quality service for a cheaper price.

How do you handle negotiations?

One of the most critical roles of a real estate agent is negotiating the best possible price for your property. Ask the agent how they plan to handle negotiations with potential buyers and what their track record is for securing offers above the asking price.

Key Takeaway

When it comes to selling your property, choosing the right real estate agent can make all the difference. But with so many agents to choose from, how do you know who to trust? By asking the key questions we discussed in this article, you can ensure that you find an agent who will work with you to achieve a successful sale.

Remember to take the time to research and interview potential agents before making a decision. By doing so, you’ll be well on your way to a successful property sale.

 

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Future Finance is a licensed financial provider offering Property Bridging Finance for Property Sellers and Estate Agents. Please call us on  031 830 5205. Or visit our website for more information.
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