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Article #33: Choosing a Real Estate Agent - 10 Things You Must Know

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Hiring a real estate agent to market and pricing is one of the most important
sell your home is an extremely important pieces of advice your agent can give -
decision. For most people, your home is don't work with someone who isn't
your primary asset - you need to choose confident about their own estimates.
the best real estate agent available to 4. Make sure your agent addresses exactly
help you protect the equity you have how they will market your home. A good
built in your investment. Buyers have an agent doesn't rely on just one or two
equally important decision to make. Your areas to market your home. You need an
real estate agent has access to the agent who gives your home the greatest
information on your next dream home - you exposure in as many areas as possible.
need to rely on them to find you exactly This is one of the biggest services your
the types of homes you're interested in. agent can provide. Any agents who skimp
The tough part is, there are literally on marketing or try to explain why
millions of real estate agents out there certain marketing avenues aren't
to choose from. How do you pick the right important are trying to pull a fast one.
one? During your interview with an agent, Marketing costs money - many agents would
you should keep the following 10 tips in rather put that money in their pocket and
mind: try to convince you that it isn't needed.
1. Pay attention to way the agent acts on But if they aren't marketing your home,
your first meeting. Dress, body language, what are you paying for? Your home on the
confidence - these are all tell-tale MLS, a sign in the yard and the hope that
signs that will tip you off as to how someone will eventually buy it? Make sure
serious and experienced they are. Let's to choose an agent that offers you the
face it, real estate is a business - you service and marketing your home needs to
want to hire an agent that will treat sell.
your greatest possession with the respect 5. Watch out for sales gimmicks. Agents
it deserves. Dress is a big indicator - a who have to rely on tricks to gain
shirt and tie should be minimum dress business such as "I'll buy your home if
requirements for a first meeting with a it doesn't sell", "Your home sold in 30
client, if not a full suit or formal days or I'll sell it for free" and other
dress for a woman. Any agent that dresses similar programs usually don't explain
down for your appointment might not be the fine print very carefully. The bottom
taking their job seriously enough and line is - would you rather work with a
probably isn't someone you want to hire REALTOR who is focused on doing business
to market your home. Also pay attention with you and selling your home the right
to body language and confidence - does way or one who tries to hook you with one
the agent seem at ease in front of you or of these programs which, in the end, is
do they seem nervous? Is their the last thing you want to happen?
presentation smooth or fraught with 6. Does the agent make full use of
hesitation and questions they weren't current technology in their business? An
able to answer? Does the agent seem agent who isn't on top of current
difficult to talk with or not willing to technology such as internet marketing and
explain details to you? You are looking e-mail correspondence might be missing a
for an agent who gives you the respect large portion of potential buyers. It's
you deserve by dressing for the occasion, also a bad sign that the agent isn't
is knowledgeable and at ease speaking willing to adapt to current business
with you (a potential client), will take practices.
the time to answer your questions 7. Is the agent familiar with the local
honestly and acts like they have done market and current industry trends? Are
many such interviews in the past. they honest in assessing market
2. How did the agent follow up with you conditions and how this affects your
when you contacted them? How long did it current buying or selling situation? We
take? Usually agents who are serious are in a buyers market right now -
about the business should return your inventory is high and homes require more
contact request within 24 hours. If the time to sell and more aggressive
agent you are interviewing took longer marketing. Is the agent trying to gloss
than 72 hours to respond, you might want over these details or view them with
to seek an agent who is better about rose-colored glasses?
follow-up. 8. What type of guarantees does the agent
3. Beware of agents who ask you this provide? If you are unhappy with the
question: "So, how much do you think your service you are being provided, are you
home is worth?" An experienced agent able cancel your listing or buyer agency
should tell you what your home is worth agreement without penalty? Good agents
and stand by that figure based on a will give you a guarantee of services and
strong analysis of sales data for some may even allow you to terminate the
comparable properties. That's one of the listing or buyer agency agreement without
reasons you are paying your agent, isn't penalty if you are not provided with the
it? Any agent who asks you what you feel services you are promised.
your home is worth before they give you a 9. How focused is your agent on customer
figure is looking to use that figure service? It should be a top priority. You
against you. If you think it's worth less should look for an agent who is willing
than the sales range the agent already to keep you regularly informed about all
determined, the agent might take your aspects of the buying or selling process.
listing at the lower amount to sell it 10. When will the services that the agent
fast, maybe costing you thousands of is offering to provide be delivered? A
dollars. If you think it is worth more, Virtual Tour is a great tool, but if it
the agent might simply agree with you to takes the agent a month to produce it,
gain the listing and cost you months of it's not doing you any good for that
time while your home sits on the market first month when you can expect your most
un-sold before eventually having to lower activity? For buyers, when can you expect
the price. You eventually determine the the agent to show you your first homes?
listing price of your home. However, home






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