How to Ask the
Right Questions Before You List!
Interview With Confidence... Make a Choice That Will Help You Sell Your Home
Faster and... For More Money!
Your listing has expired and now you're wondering what to
do. The most important question you must ask is, "Where did I go wrong?". The
answer is not usually within you, but with the agent you entrusted. Be
prepared with the right information so you can interview your prospective
agent with confidence and assure you make the right choice this time.
With hundreds or even thousands of dollars at stake and weeks of time
invested, don't risk making the same mistake twice. Make sure your next agent
is eminently qualified to sell your home. Don't risk this decision out of
obligation to a friend, family member or acquaintance. Your listing has
expired and it's easy to develop the identity of having a problem property in
the market place. Therefore, it's vital important to choose the right agent
this time around.
Typically, most people will ask business associates, family or friends to
recommend someone they've had good luck with... someone they can trust. Other
sellers will watch neighborhood real estate signs to see who is listing many
of the homes. Still others rely upon the reputation of the major national
franchise companies. Then, of course, there's always the yellow pages. All
of these methods could prove to be disastrous!
Trust Your Instincts First!
When selecting an agent, he or she should be someone you feel good about,
someone you're willing to trust with one of the largest financial transactions
you may ever make. This report is designed to empower you with the information
necessary to make the right decision before you arrive at the place where
you're ready to sign on the dotted line again. Don't allow the prospective
agent to dictate your time table. If an agent is impatient you should
immediately consider them suspect. Be careful.
Do Your Homework!
Ask For References From Past Sellers - Before you sign another
listing agreement, check out references from past sellers. Flattering letters
praising the agent's work in a presentation book are a great start, but dig
deeper. Ask for telephone numbers and names of the past three sellers and
names of at least two current listings.
Know The Companies Reputation - Ask your business associates, family
and friends about the company or agent and listen carefully for the very first
thing they say. A company has a reputation in the community. Listen closely
for it!
Call The Real Estate Commission - Call and ask about consumer
complaints. Be sure and take note of the number and nature but don't base your
entire decision on this information. In a slow or declining market, agents
will get more complaints because the sellers are frustrated that their home
isn't moving and they want someone to blame when it's simply poor market
conditions. Therefore, always allow your prospective agent to explain any
complaints and if their response seems reasonable, take that into
consideration. One other note: if an agent does a large number of transactions
per year, they will naturally be exposed to the potential for more of these
kinds of comments. If an agent isn't doing anything, they obviously won't
generate a complaint.
Call The Better Business Bureau - See if the agent has had any bad
dealings with his or her customers.
Ask For A Record Of The Agent's Marketing Innovations - How are they
dealing with the current market conditions? Is there a plan to beef up their
advertising and marketing efforts to benefit the seller? Residential real
estate has a long history of economic cycles. The market is either hot,
improving, static or declining and with each cycle there has to be a plan to
cope with the current market conditions.
Don't Stop Asking!
Ask for a comparison chart of last year's sales to this year's sales. How
is the agent and company doing? Ask for a history of the agent; how many
companies have they been with and why did they change? If the reason is always
money there may be something wrong! Be careful because if your agent changes,
companies your listing belongs to the broker and you may get a new
inexperienced agent as your replacement... this could be very costly!
Final Questions
Ask For A Detailed Marketing Plan - Request a step-by-step plan of
the first four weeks, eight weeks and twelve weeks your home will be on the
market. Make sure your agent is utilizing the latest innovative technologies
for generating sales leads. There are now ways to literally generate leads 24
hours a day! These new marketing tools will help sell your home faster and for
more money!
Define Planning Times - Establish a time with your agent to go over
the marketing results within the first 15 days. Ask for all showings and
feedback from other agents. Help the agent understand that any news is good
news because it can help you make adjustments in your marketing plan.
If you follow these suggestions you're sure to avoid the mistakes of the
past. Make sure you're dealing with a competent professional... making the
right choice is worth thousands of dollars and a great sense of "peace of
mind."
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