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1. Are you a full-time professional real
estate agent? How long have you worked full time
in real estate? How long have you been
representing buyers? What professional
designations do you have?
Knowing whether or not your agent practices
full time can help you determine potential
scheduling conflicts and his or her commitment
to your transaction. As with any profession, the
number of years a person has been in the
business does not necessarily reflect the level
of service you can expect, but it is a good
starting point for your discussion. The same
issue can apply to professional designations.
2. Do you have a personal assistant, team or
staff to handle different parts of the purchase?
What are their names and how will each of them
help me in my transaction? How do I communicate
with them?
It is not uncommon for agents who sell a lot
of houses to hire people to work with them. As
their businesses grow, they must be able to
deliver the same or higher quality service to
more people.
You may want to know who on the team will take
part in your transaction, and what role each
person will play. You may even want to meet the
other team members before you decide to work
with the team. If you have a question about fees
on your closing statement, who would handle
that? Who will show up to your closing?
3. Do you have a Website that will list my
home? Can I have your URL address? Who responds
to emails and how quickly? What’s your email
address?
Many buyers prefer to search online for homes
because it’s available 24 hours a day and can be
done at home. So you want to make sure your home
is listed online, either on the agent’s Website
or on their company’s site. By searching your
agent's Website you will get a clear picture of
how much information is available online.
4. How will you keep in contact with me during
the selling process, and how often?
Some agents may email, fax or call you daily
to tell you that visitors have toured your home,
while others will keep in touch weekly. Asking
this question can help you to reconcile your
needs with your agent's systems.
5. What do you do that other agents don't that
ensures I'm getting top dollar for my home? What
is your average market time versus other agents'
average market time?
Marketing skills are learned, and sometimes a
real estate professional's unique method of
research and delivery make the difference
between whether or not a home sells quickly. For
example, an agent might research the
demographics of your neighborhood and present
you a target market list for direct marketing
purposes.
6. Will you give me names of past clients?
Interviewing an agent can be similar to
interviewing someone to work in your office.
Contacting references can be a reliable way for
you to understand how he or she works, and
whether or not this style is compatible with
your own.
7. Do you have a performance guarantee? If I am
not satisfied with your performance, can I
terminate our listing agreement?
In the heavily regulated world of real
estate, it can be difficult for an agent to
offer a performance guarantee. If your agent
does not have a guarantee, it does not mean they
are not committed to high standards. Typically,
he or she will verbally outline what you can
expect from their performance. Keller Williams®
Realty understands the importance of win-win
business relationships: the agent does not
benefit if the client does not also benefit.
8. How will you get paid? How are your fees
structured? May I have that in writing?
In many areas, the seller pays all agent
commissions. Sometimes, agents will have other
small fees, such as administrative or special
service fees, that are charged to clients,
regardless of whether they are buying or
selling. Be aware of the big picture before you
sign any agreements. Ask for an estimate of
costs from any agent you contemplate employing.
9. How would you develop pricing strategies for
our home?
Although location and condition affect the
selling process, price is the primary factor in
determining if a home sells quickly, or at all.
Access to current property information is
essential, and sometimes a pre-appraisal will
help. Ask your agent how they created the market
analysis, and whether your agent included For
Sale by Owner homes, foreclosed homes and
bank-owned sales in that list.
10. What will you do to sell my home? Who
determines where and when my home is marketed/
promoted? Who pays for your advertising?
Ask your real estate agent to present to you
a clear plan of how marketing and advertising
dollars will be spent. If there are other forms
of marketing available but not specified in the
plan ask who pays for those. Request samples or
case studies of the types of marketing
strategies that your agent proposes (such as
Internet Websites, print magazines, open houses,
and local publications).
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