Buying or selling a home can be daunting. In fact, it can be a full-time job. For many people, it makes sense to hire an expert to handle the time-consuming tasks and the nitty-gritty details. Real estate agents can take work off your hands and also help you get a better deal.
Since your house is one of the biggest investments you'll ever make, no one should judge you for being more than a little choosy about whom you hire to help sell or buy it. Find an agent whose philosophy and methods align with your preferences.
Be prepared to interview at least two or three agents to find the right person. Asking the right questions will help you gain insight into the agent's capabilities and personality. Questions you should ask:
- What is the list to sale price ratio for your listings?
- Do you rank in the top 1% of agents in your county?
- May I see testimonials from your past clients?
- What percentage of your companies’ listings sells rather than expire?
- What areas or townships do you specialize in?
- What is the current absorption rate in our market right now?
- What is the average number of days on the market?
- Are we in a buyer’s or seller’s market? Explain.
- What do I need to do to prepare my house to sell?
- Isn’t my house worth more than the foreclosure down the street?
In the end, it’s important to hire a real estate agent you think will seek out your best interests. Even gut feelings can tell you something. You don't want to entrust such an important transaction to someone who doesn't make you feel comfortable.
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