On Properties: My Thoughts Explained
Four Tips on Hiring a Listing Agent for Your Home
If you’re putting your home up for sale, you’ll obviously want to hire best real estate listing agent available. Quite a number of people, however, make the mistake of selecting an agent based on suggested listing price for their home and commission charged. It’s understandable that like many homeowners, you want to get the best price for your home and pay the lowest commission possible. But these two factors are not what make a competent agent. So what’s the best criteria for finding a competent agent? Here are a few guidelines that should be of help:
Concerning the list price suggested, it’s important to keep in mind that your agent cannot really know how much your property is going to sell for. To assist you with choosing a sales price, the agent may show you some of their previously sold listings plus current listings like yours. Ultimately, it’s up to the buyer to determine whether the price is right for them. So a good agent should provide you with a price range. This range is subject to a number of factors, such as market trends, location of the property, etc. The agent who suggests the biggest listing price is therefore not necessarily the best.
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It’s not always a good idea to choose the agent who charges the lowest fee. It’s possible, however, to find an agent who’s willing to work for less than their competition because you may be willing to send more business their way. What’s important is that you avoid agents who are either incompetent or desperate for business.
Agent’s marketing techniques
Every agent needs the best marketing techniques and a decent advertising budget so they can expose your home to as many potential buyers as possible. Because of wider exposure, an agency with a huge marketing budget will probably sell your property faster. So have an agent show you their full marketing plan before hiring them. This marketing plan should include essential techniques such as distribution to major real estate websites, four-color flyers, incentives for brokers, and a virtual tour for buyers. it may also help to advertise in the local papers. The more marketing methods included in the plan, the higher the likelihood of selling your home fast, and at a decent price.
Track record and experience
You’d probably prefer an agent who is experience and has a solid track record. Ask the prospective agent to show you what properties they’ve managed to sell in the last year. Are some of those properties similar to your in terms of location and price range? How long did it take the agent to sell those homes?