What Questions Should I Ask a Prospective Real Estate Agent Before Hiring Him?

Posted on Friday, June 12th, 2015 at 6:45am.

Prime Edmonton Real Estate - When you're all set to buy or sell your home, it is quite essential to hire a real estate agent. He will be able to help you diligently as he knows all the hurdles and hassles of the home-buying and selling process.

Many people seek advice from their friends and relatives. But that should not be the case because they would not know the ins-and-outs of the real estate market. Instead, you should look for an experienced real estate agent who knows what's best for you and may try to get the best deal for you. Also, make sure that you meet at least three to four real estate agents and ask them specific questions about their business practices and backgrounds. This will certainly help you select the right agent, and if not, then you might end up buying the wrong house.

Before hiring a real estate agent, you should keep in mind to ask questions related to their:

  • Marketing Plan:

It is important for you to know how your prospective real estate agent plots the entire home-buying or selling process. Effective agents have a thorough plan that they follow, which is flexible enough to sink in your individual opinions or differences about properties. Ask your prospective real estate agent if he's got a plan to diffuse sample ads with a list of where the ads will be placed, and recommendations on open house events.

  • Credentials:

It is your right to know what professional credentials your prospective agent holds. You can ask them which certified organization they belong to and what brokerage firm they work with. This will help you learn whether or not your prospective real estate agent is qualified to help you buy a new home or list and sell your existing home. With the credentials your prospective agents has, you will know if he or she is the right agent for you. Ask the agent how you will benefit from the credentials that he or she holds and how you will benefit from working with him or her.

  • Fees:

You definitely want to know what you're paying for and the exact amount that you will be paying. The amount that you have to pay to a real estate agent for his services may entirely depend on your local market. Real estate agents typically charge around 5% to 6% of the sale price of your house, and that fee splits if you end up using both a buyer's and a seller's agent. Besides, try to find out if the prospective agent's commissions are open to negotiations.

  • Personal Experience:

To know their personal experience, ask prospective agents if they have ever sold property in or around your neighborhood. Try to find out if they've ever sold any property of their own. Also try to know if their expertise is primarily in home properties or whether they specialise in commercial properties or land. Ask how long it normally takes them to sell a home from listing to closing. Don't hesitate to request a printout of the homes they've listed in the past 6 months, along with their addresses. You can, without any hesitation, ask your prospective real estate agent what makes him or her the best agent to list your house.

A professional real estate agent generally follows a solid communication process. He will keep you up-to-date with the new listings or even keep you notified if he's going to receive any new listings. Try to know how often you can expect him to contact you in a week or a month. Consequently, make no mistakes and leave no loopholes while knowing your prospective real estate agent, as he is supposed to meet your needs and demands vigilantly by maintaining a healthy flexible relationship with you and the rest of his clients.

2 Responses to "What Questions Should I Ask a Prospective Real Estate Agent Before Hiring Him?"

5 Things To Do Before You Call a Real Estate Agent wrote: [...][...]

Posted on Tuesday, June 23rd, 2015 at 6:47am.

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Posted on Thursday, June 25th, 2015 at 11:24pm.

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