5 Questions to Ask When Hiring a Realtor

Has the idea of selling your home recently entered your mind?

For some, it may very well prove to be too much and result in no sale at all. Though selling on your own sounds attractive at first, you may find that, in the end, it wasn’t the smartest idea.

All told, hiring a realtor comes with tremendous upsides that selling a home on your own will not. Rather than rolling the dice with a do-it-yourself option, hiring a realtor allows you to sell with minimal effort on your part.

To learn what they are and how they can help you, keep reading.

1. How Long Have You Been a Realtor?

The answer to this question offers valuable insight into the experience and qualifications of the realtor. A realtor who has recently become licensed may offer competitive rates but may lack the necessary expertise in the industry.

They will be able to provide an array of services, such as market analysis, budgeting advice, price negotiation, and even relocation services. They also have relationships with banks, lenders, and other real estate professionals that can benefit the buyer or seller. 

2. Are You Full-Time or Part-Time?

Specifically, it is important to ask if the realtor is working in real estate or supplementing their income from other sources. Many realtors work part-time in real estate, but may not have the necessary availability and dedication to provide the quality of service that a full-time realtor can. Full-time realtors can provide more personal attention to their clients as they are dedicated only to real estate and don’t have other commitments to fill. 

3. Are You Familiar With the Local Market?

Knowing the local market is important because it gives the realtor the ability to assess current housing market values, recent sales, the availability of homes, and local real estate trends. Knowing this information allows them to strategize a plan for selling or buying property. They can also explain to clients why certain homes are priced differently and why certain neighborhoods may be recommended over others. 

4. What Is Your Negotiation Strategy?

When asking about their negotiation strategy, it is important to find out what methods they use when negotiating on behalf of buyers or sellers, depending on your needs. There are many tactics they might leverage.

It is important to determine if the realtor is comfortable with hard bargains or more agreeable deals. Make sure the realtor has good communication and listening skills, allowing them to work with both buyers and sellers. 

5. Can You Provide a List of References?

When looking to hire a residential real estate agent, one of the most important questions to ask is whether they can provide a list of references. Through reviews from previous clients, one can get an accurate idea of what their experience will be like in cooperating with a realtor. These reviews should line up with what qualities you are looking for in a realtor, such as previous sales success, attentiveness to clients, presentation abilities, and trustworthiness. 

Be More Informed Before Hiring a Realtor

A realtor should be experienced, qualified, have a good reputation, be a good communicator, and be knowledgeable of your area. To ensure you make the right decision when hiring a realtor, make sure you ask the right questions.

Research and pick one that will help you accomplish your goals and make your new home-buying journey a success. Start your hunt for the perfect realtor today!

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