Selling a house is a major undertaking in every sense and it’s essential to select an estate agent that you are confident will get you the most value and most likely sale. This guide on choosing the right agent will outline the things to consider when narrowing your options However, prior to making a decision, what are you going to be seeking and what questions should you ask?
We believe that there are three fundamental qualities an estate agent must have:
A great list of buyers who could be interested in your home
The ability to take initiative and to contact the buyers
Marketing skills that will present your house in the most favorable way possible
1. The number of buyers who could be interested
Any estate agent is able to place a picture of your house in their office, and list the property in Rightmove and then make sure they cross their fingers. However, a competent agent will think of buyers from the moment they come across your property. This is why it’s essential to select a firm which sells a lot of similar properties to yours. They know the names of potential buyers in the properties and will therefore be attracted to yours.
2. Proactiveness and willingness to act
The list of potential buyers can only be beneficial only if the estate agent capable of putting into action to inform them about your home. Estate agents are humans, and they’ll prefer to pursue the easiest sales first that could, for example it is a house that has seen a drastic reduction in price due to a seller who is desperate.
In the same way, though you’ll be looking for one with a lot of potential buyers You should not have numerous properties that they don’t have enough time to the ones you want.
3. Marketing skills
You’re relying on an estate agent to provide an elevator pitch for your house and you must ensure that they are able to do the job well. This is why it is crucial to interview an agent. Do they appear genuine and competent? The recommendations of your friends and neighbors are helpful however the best method of getting an idea of how your chosen estate agents in Limehouse interact with buyers is to pretend to be the buyer. If you make it appear that you’re in search of a property like your own, what can they have to show you? What’s their local expertise as?
Questions you can ask an agent
After narrowing your choices down to few estate agents, you can invite them to conduct an appraisal of your home. This also gives you the chance to meet with each one because you’re the one who gives them the opportunity to work. Here are a few questions you need to ask:
Which similar properties have you recently sold, and at what time?
Estate agents ought to be able to offer examples of homes similar to yours, and with similar prices. Check to see if they’ve sold recently. It’s not wise to rely on buyers who were on the books of the agent several months ago, because they’ll probably have already bought a house.
How many views are similar properties receiving?
If the company has an identical property to yours that they have on their books, inquire about the interest levels. How many visits did that property get in the last week? Be sure to ask agents questions as you will be confiding them with the future of your most important asset.
What is the size of the team? What do they charge for their work?
The amount of employees on the estate agent’s staff is a vital aspect to examine, in order to make sure they are able to concentrate on the sale. Also, it’s important to inquire if they operate on a pooled or an individual commission. While it could appear that an agent that only receives commissions on their own sales will be more efficient however, it can affect their willingness to share leads from potential buyers with colleagues. If they share commissions, they’re more likely to turn down the prospect of a buyer that could be ideal for your home and will work in a group to give the best results.
What’s the cost?
Check out the normal commission rates and if there is room to negotiate. Our guide regarding how to bargain fees go over the subject in greater detail Be aware that the percentage you negotiate isn’t the end all be all. It is not worth negotiating over a tenth of a percent if the agent cannot locate a buyer, and you are forced cut prices to make a sale.