What should you ask Realtors before you hire them? Here are 10 questions I recommend.
Today I’m back with a topic that a lot of home sellers have been asking about. Choosing to sell is a big financial decision, so I want to share 10 questions that you need to ask before hiring any Realtor.
1. How many homes have you sold? You can sell 200 homes, but if it’s over a 20-year period, that’s not very good. You want an agent who is consistently selling a lot of homes every year.
2. What is your average days on market? This is a measure of how long it takes them to sell homes. You want as low of a number as possible. My team’s average is half the MLS average.
3. What is your list-to-sale ratio? If someone lists homes at $500,000 and ends up selling them for $150,000, that’s bad.
4. What’s your ranking? Are they a top agent or on a top team? The higher their ranking, the better their reputation is in the industry.
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These are the best questions to ask.
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5. Do you have any references? It’s one thing for someone to talk highly about themselves, but it’s more important to have other people speak the same.
6. Do you have a team or are you working as an individual agent? Teams are very good for protecting sellers.
7. What is included in your commission? They might make you pay up front for staging, videos, measurements, and photography. All of those things are included for free with our commission.
8. What is your commission rate? If you are being charged a commission, you need to know exactly what’s included in that.
9. What are your marketing strategies? Marketing is one of the most important things a seller can ask about. Ask your agent what their approach is, how they are going to market, and what they are going to market.
10. What is your marketing budget? Don’t have them just tell you—have them show you too. If an agent can’t market your home properly, they are doing you a disservice.
Be sure to ask every agent you interview these 10 questions to protect you, your home, and your money. If you have any questions for me in the meantime, don’t hesitate to give me a call or send me an email. I would love to hear from you soon.
