Selling a piece of real estate is a significant financial transaction and one that should not be taken lightly. The choice of real estate agent can make all the difference when it comes to the outcome of the sale. We are going to discuss 8 points that will ultimately empower you to be able to choose the right agent for you and your situation. Choosing the right agent to sell your property can mean the difference between a smooth, successful sale or a frustrating, time-consuming and ultimately unsuccessful experience. With so many real estate agents to choose from, it can be difficult to know where to start. Here are some key considerations to help you select the best agent to sell your property.
1. Look beyond the superficial
It’s important to look beyond the surface-level information provided by real estate agents. Common statements like “I sell lots of houses in this area” or “our average time on market is only 22 days” may sound impressive, but they don’t necessarily provide any insight into the agent’s abilities or how they can help you achieve your specific goals. Instead, look for evidence of the agent’s success in achieving outcomes that are important to you. For example, ask about their track record in achieving high prices for similar properties in the area or how they’ve helped sellers navigate complex sales situations.
2. Beware of self-focused agents
Real estate agents who are solely focused on promoting their own success and boasting about their past sales may not have your best interests at heart. A good agent should be focused on you and your goals, not their own ego. Look for agents who ask questions about your needs and who are committed to helping you achieve the best possible outcome.
3. Seek out well-trained agents
Selling real estate is a complex process that requires a high level of expertise and skill. Good agents are well trained in the methods and strategies of sales that benefit you, the seller. They should be able to explain their approach in clear, simple terms and have a track record of success in achieving the outcomes that matter most to their clients.
4. Define your own needs
Before you start your search for a real estate agent, it’s important to have a clear understanding of what you’re looking for. What are your priorities in the sale of your property? Do you want a quick sale, or are you more concerned with achieving the highest possible price? Are you looking for an agent who is skilled in marketing and advertising, or do you need someone who has extensive knowledge of the local market? Once you’ve defined your needs, you can start looking for an agent who is best suited to meet them.
5. Consider their decision-making process
Your agent will make or guide decisions around price, method of sale, use of advertising media, and marketing. It’s important to understand the agent’s decision-making process and how they will involve you in these critical decisions. Look for an agent who is transparent and communicative about their process, and who takes the time to understand your needs and preferences.
6. Evaluate their communication skills
Good communication is essential in any successful business relationship. You’ll be working closely with your agent throughout the sale process, so it’s important to choose someone who communicates well and keeps you informed at every step. Look for an agent who is responsive to your inquiries, who explains things clearly and who keeps you up to date with progress reports. The last thing you want is to have an agent selling your home, and you find yourself having to chase the agent for updates.
7. Research their marketing strategies
Marketing and advertising are key components of a successful real estate sale. Look for an agent who has a strong marketing strategy and who is skilled in using a variety of advertising media to reach potential buyers. A good agent should be able to explain their approach and provide evidence of the results they’ve achieved for other clients. When marketing a property there is a point of diminishing returns. Always question the agent that suggests spending many thousands of dollars on marketing a property.
8. Do some research on the agent and the agency
Do some due diligence before meeting your potential agent for the first time. Prepare some hard questions to ask. A good agent will be able to take your concerns and objections and make you feel comfortable that they can handle the process. Prepare some points to negotiate on, remember if your agent is not great at negotiating an agreement with you then the same will be true when if come time for them to negotiate on your behalf. Have a look at recent sales and reviews of your potential agent.