Your home is one of your biggest investments, which means when you decide to sell, it is also one of the largest transactions you will undertake. This is why it's critical that you become pickier when hiring a real estate agent to help sell your home. You want to make sure you’ll be working with an expert who will protect your interests as a seller, guard your equity, find the right buyers, and sell your home fast without leaving money on the table.

Thanks to the wealth of information already at your fingertips, from online reviews to referrals from family and friends, you can now be extra savvy in knowing how to choose the right agent for you. However, it is still easier said than done as not all real estate professionals are the same.

In this article, we've put together 10 essential questions you should ask when interviewing a potential real estate agent. Asking the right questions will help you gain insight into the agent’s personality, capabilities, and expertise so you can make the best choice before entrusting your home.

Before anything else, ensure you're working with a trained, accredited real estate professional. They must have a state license and be a member of the local real estate board, where they’ll get access to the Multiple Listing Service® or MLS. This is where they can list your property to attract more buyers.

While having other affiliations is advantageous, it’s also helpful if the agent already has a few years of experience on their plate. This not only shows their dedication to the profession but also means they’ve had enough opportunity to understand and get a good sense of the market, especially in their local area.

Likewise, be curious about whether the agent works full-time or part-time. Selling your home is a full-time job, so you want them to be focused. A part-time real estate professional may not be able to give you ample time and attention and be unavailable when you need them most, especially if they are already handling multiple clients.

 

The next thing you want to find out is whether you will be working with one specific agent or with members of the agent's team. Each set-up has its pros and cons. So whether it’s a single agent with support staff, a pair of agents who share the same work, an agent who’s a part of a small team, or a group of several agents all under one business name, you’ll want to ask specifically with whom you’ll be working with.

For instance, an agent with a small team means more resources and assistance, especially since there’ll be support staff working behind the scenes. This means your agent has more time to attend to your needs and accommodate you during showings. You should be informed beforehand about what aspects of the work the agent will handle personally and whether you'll be in contact with the other team members or only your agent. This is so you won’t end up feeling like you are being passed off to someone else.

 

You'd want to avoid being passed off to someone else, but you also don’t want to get lost in the shuffle. Although word of mouth is key to having a good real estate business, choosing a real estate agent to sell your home must not only depend on how popular he or she is. Likewise, the agent's current client numbers aren't always an indication of how good they are. Lots of factors, such as team size and communication style, come into play and need to be considered to see how many clients an agent can effectively handle.

While there’s no magic number, be wary if they’re handling a ridiculously high number of clients. Remember that each client’s needs are different, so too many clients means their time and attention will be divided too thinly. In such cases, they might not take the time to ensure all of your needs are met. Working with an agent who’s difficult to reach or who's constantly with other clients could lead to a frustrating experience for you, and could even have a negative impact on your home sale. This is why it’s necessary for your agent to understand your expectations of their involvement.

 

Although it isn't a guarantee of a quick sale, the track record of your potential agent will provide some assurance that they know what they’re doing and that you’ll be working with someone who has experience. Ask them for stats and data—how many clients they’ve worked with in the past, the number of houses sold, the price range of the homes they sold, average sale to list price ratio, average days on the market, etc. The more your agent is confident in sharing their expertise, the more you can guarantee that they will also maximize your chances of a successful sale.

 

The next question to ask a realtor is whether he or she specializes in selling homes in the area. You want to ensure that your potential agent knows the local market and has already sold homes like yours in your neighborhood. Because even though almost everything you need to know about an area can already be found online, there are some things that only a local real estate agent is knowledgeable about. They'll know the selling points of the area, which is beneficial when talking to potential buyers. They must be aware of any upcoming developments, plans for stores, and other amenities that might affect the value of surrounding properties, including yours. They also likely know what local buyers are currently looking for in real estate. Having a local expert can be a huge advantage to you as a seller since he or she must be able to not only sell your home but also your neighborhood. 

 

Even for someone who has made a house sale before, the process can easily get complicated. More so if it's your first! So you want to feel comfortable knowing and understanding all the steps involved—from preparing to list your home, setting a price, marketing, reviewing and negotiating offers, dealing with home inspections, managing timelines, anticipating closing costs, etc. A good and experienced real estate agent will take the time to explain these things to you in a way that’s easier to understand. As they share how they will guide you through the process, you will also see why an agent is a valuable expert to have on your side as you depart from your beloved home.

 

There's nothing wrong with talking about money when interviewing potential realtors. How much is he or she going to charge you to sell your home? It is important to ask not so much so you can hire the one with the lowest fee, but so you can understand the cost and figure out exactly what your realtor brings to the table. 

Rather than getting paid hourly or weekly fees, most real estate agents typically work and earn under split commission. The traditional rate is 6 percent in most cities, which is split between the listing agent and the buyer’s agent. A good real estate agent must be able to justify his or her fee and break down what you’re going to get from him or her. 

Other than the commission, don’t forget to discuss the agent’s cancellation policy. Ask what kind of early cancellation fees may apply to you just in case you become unhappy with the realtor somewhere down the road before the contract expires.

 

Your home is your biggest investment, which means you want to know how much you're going to walk away with when you sell it. You want to be prepared for the upfront costs you will be paying in the real estate transaction so you can plan accordingly. This includes the real estate agent’s commission, closing fees, title fees, attorney fees, taxes, appraisal, inspections, and more. A trusted real estate professional will explain any of these costs to you as they could affect your bottom line. They should also be able to give you a pretty good estimate of how much you will net from the sale.

 

Communication is key in most relationships, and this is also true when it comes to your partnership with your agent. After all, you are dealing with one of the most important investments of your life, so you and your realtor should be able to communicate regularly. You need to know upfront what will be your method and frequency of communication, which are all important in successfully selling your home. 

Make sure you tell your agent if you prefer texts or emails over phone calls, and vice versa. If they prefer email, you want to be assured that they reply in a timely fashion. Moreover, what will be the frequency of updates: will you get it weekly, or just on an as-needed basis? Find out what business hours they keep and if you can call them outside those hours just in case questions or concerns arise. These things can also be verified when you check their references and feedback from past clients.

 

Another way to know if they are an experienced and savvy realtor? They know exactly how you can get your home ready and what you can do to make it more appealing to buyers. They probably already have a textbook list of suggestions for their clients, but will also have more after making a walkthrough of your property. Ask them what budget-friendly repairs or upgrades you can make to attract more buyers, and whether your home needs staging aside from a good cleaning.


12 Reasons Why This is a Better Market for Buyers

I TALKED TO A LOT OF POTENTIAL BUYERS AND SELLERS EVERY DAY WITH WHAT I DO AND INEVITABLY A COUPLE OF TIMES A DAY I'M GONNA HAVE PEOPLE THAT I'VE BEEN TALKING WITH JUST SAY, I'M GONNA WAIT TO BUY. I'M JUST GONNA WAIT AND YOU KNOW, IN MY HEAD, I'M THINKING, WAIT FOR WHAT YOU THINK, INTEREST RATES ARE GONNA GO BACK DOWN TO TWO OR 3%. I DON'T THINK WE'RE GONNA SEE THAT AGAIN IN OUR LIFETIMES. I REALLY DON'T UM I HOPE I'M WRONG ABOUT THAT. UM BUT I JUST, I DON'T SEE IT HAPPENING. WHERE THE PRICES AREN'T CRASHING DOWN. WE'RE STILL, IT'S STILL A SELLER'S MARKET, THERE'S STILL UM MUCH MORE DEMAND THAN THERE IS SUPPLY OF HOMES. AGAIN, I STARTED THINKING, I GO, WHAT ARE SOME OF THE REASONS WHY THE MARKET IS BETTER FOR BUYERS AS WE SIT HERE IN THE, YOU KNOW,THE LAST QUARTER OF 2022 VERSUS HOW THINGS WERE FOR YEARS ENDING IN WHEN THE MARKET SHIFTED RIGHT AROUND EASTER THIS YEAR. THAT'S WHEN THE MARKET CHANGED. SO I CAME UP WITH 12 PROS AND ONLY ONE CON. SO LET ME SHARE THOSE WITH YOU.

 

PRO NUMBER ONE IS A SELLER PAID CLOSING COSTS. THESE SELLERS WERE NOT PAYING ANYTHING UH FOR YEARS, IN MOST INSTANCES, YOU KNOW, THEY PAY THEIR, THEIR REAL ESTATE FEES, DOC STAMPS IN THE DEED, BUT YOU'RE BUYING, YOU KNOW, YOU AS THE BUYER WOULDN'T WOULD HAVE TO COME OUT OF POCKET FOR JUST ABOUT EVERYTHING ELSE. WE'RE GETTING SELLERS TO PAY, CLOSING COSTS IN SOME INSTANCES NOW AS A NEGOTIATION POINT. SO THAT'S EXCITING. IT'S LESS OUT OF POCKET FOR THE BUYERS.

 

THE SECOND REASON IS SELLER PAID RATE BY DOWN. WHAT WE'RE DOING IN SOME INSTANCES IS RATHER THAN REDUCE THE PRICE, WE'RE TAKING THAT MONEY THAT YOU WOULD NEGOTIATE WITH THE SELLER AND HAVING THE SELLER BY YOUR RATE DOWN. SO I MEAN THAT'S EXCITING TO BUY IT DOWN. MAYBE, AS WE'RE SITTING HERE IN OCTOBER, THERE ARE 7%, YOU CAN BUY IT DOWN TO SIX, MAYBE EVEN FIVE. SO THAT'S SOMETHING THAT WASN'T GOING TO HAPPEN IN THE PAST.
 

THE THIRD IS THE SELLER PAID TO ONE RATE BY DOWN. AND WHAT THAT IS IT'S A NEW, IT'S A NEW PROGRAM THAT A LOT OF LENDERS HAVE WHERE THE SELLER BUYS DOWN YOUR RATE AND IT'S 2% LESS THE FIRST YEAR. SO IF IT'S 7% YOU'D PAY 5% THE SECOND YEAR, IT'S 1% LESS. SO IF IT'S 7% YOU PAID SIX AND THE THIRD, YOU'D BE AT SEVEN IN THE THIRD AND BEYOND, YOU'D BE AT 7%. OKAY? BUT HERE'S THE DEAL WITH THAT THAT GETS YOU THAT GETS YOU ABLE TO AFFORD MORE HOUSE HERE IN THE SHORT TERM AND THERE'S GONNA BE OTHER,ONE OF TWO THINGS WILL HAPPEN IN THE IN THE FUTURE EITHER THE FIXED INTEREST RATES ARE GONNA COME DOWN SO YOU CAN REFINANCE OR THERE'S GONNA BE OTHER LENDING PRODUCTS THAT ARE GONNA COME OUT MAYBE ARMS UM LOOK THEM UP WITH OTHER SOLUTIONS TO,BECAUSE AFFORDABILITY IS AN ISSUE NOW WITH THE RATES GOING UP IN THE PRICE INCREASES IN RECENT YEARS. SO THAT'S ANOTHER OPTION FOR YOU ON THE TABLE.

THE FOURTH REASON WHY BUYING A HOME CAN BE BETTER HERE NOW AT THIS POINT IN 2022 THAN IN RECENT YEARS IS SELLER PAID REPAIRS. UM YOU KNOW, SELLERS DIDN’T WANT TO DO ANYTHING. IN FACT, THEY SOME OF THEM DIDN'T EVEN WANT BUYERS TO HAVE INSPECTIONS FOR HEAVEN'S SAKES. NOW THE SELLER IS THE SELLERS ARE GOING AHEAD AND MAKING YOU KNOW, REPAIRS ON THEIR PROPERTY BEFORE PUTTING THEM ON THE MARKET. THEY'RE REPLACING ROOFS, YOU KNOW, IF THEY NEED TO REPLACE ROOFS AND THERE'S ALL SORTS OF THINGS THAT THE SELLERS ARE WILLING TO DO THAT THEY WERE RESISTANT TO DO IN RECENT YEARS JUST BECAUSE THERE WAS SO MUCH DEMAND.

 

THE 5TH REASON IT'S BETTER TO BUY A HOME IS SELLER PAID IMPROVEMENTS. SELLERS ARE GOING AHEAD AND MAKING IMPROVEMENTS TO THEIR HOME PRIOR TO PUTTING THEM ON THE MARKET WHERE UM YOU KNOW, WHEREAS BEFORE THERE WAS JUST ABSOLUTELY NO REASON TO, SO, YOU KNOW, YOU AS THE BUYER ARE GONNA BENEFIT FROM THAT BE THE ONE THAT WILL BENEFIT MOST FROM THAT.

 

THE SIX POINT OF WHY THIS IS A BETTER HOME FOR A BUYER TO BUY TO BUY MARKET IN RECENT YEARS IS PRICE NEGOTIATION. THERE WAS NO NEGOTIATION AND PRICE PREVIOUSLY IT WAS, HOW MUCH ARE YOU WILLING TO PAY OVER LIST PRICE? TO TRY TO GET THE HOME RIGHT AS CRAZY AND PEOPLE ARE PAYING, YOU KNOW, PEOPLE ARE PAYING, YOU KNOW, $6100 OVER LIST PRICE. THEY WERE GIVING AWAY THEIR SEASON FOOTBALL TICKETS. I MEAN, MAD TRIPS, its MADNESS. OKAY, ALL THAT'S GONE. SO WE'VE GOT PRICE NEGOTIATION NOW, THAT'S THE WAY IT SHOULD BE.

 

THE 7TH REASON WHY THERE'S IT'S BETTER TO BUY A HOME HERE IN THIS MARKET THAN THE PREVIOUS MARKET IS YOU PAY LESS THAN ASKING PRICE. RIGHT? YOU FIND OUT IF THERE'S ANY OTHER COMPETING OFFERS, IF THEY'RE NOT, WE CAN NEGOTIATE A LITTLE BIT RIGHT? SO, I MEAN, THAT'S EXCITING, YOU GET A BETTER DEAL THAT WAY.

 

THE 8TH REASON WHY IT'S BETTER TO BUY A HOUSE IN THIS MARKET THAN THE PREVIOUS HOT MARKET. YOU DON'T HAVE TO WAIVE INSPECTIONS, OKAY, WAIVING INSPECTIONS IS A TEAR. IT WAS A TERRIBLE IDEA, BUT I MEAN, PEOPLE HAD TO DO IT TO GET A HOUSE RIGHT? UM YOU WANT TO MAKE SURE THAT EVERYTHING IS AS YOU WANTED TO BE BEFORE YOU BECOME THE OWNER OF THAT HOME AND UM, YOU KNOW, NOW WE'VE GOT TIME TO DO INSPECTIONS AGAIN AND JUST MAKE SURE, YOU KNOW, IT'S A, IT'S THE SMART INVESTMENT FOR YOU. SO THAT'S BACK IN PLAY.

THE 9TH REASON WHY THE MARKET IS BETTER NOW FOR BUYERS THAN IT WAS IN THE RECENT HOT MARKET IS INSPECTION NEGOTIATIONS, OKAY. UM, EVERYTHING WAS AS IS BEFORE FOR THE MOST PART, OR VERY, VERY SMALL, REPAIR LIMITS THAT WERE PUT ON THE, PUT ON THE CONTRACTS AND UH, NOW YOU CAN GET STUFF FIXED. YOU KNOW, IT'S A LOT EASIER. IT'S A LOT EASIER TO GET A FIXED SELLER, TAKE CARE OF IT BEFORE YOU MOVE IN AND THEN HAVE IT BE YOUR PROBLEM ONCE YOU BUY IT.

 

 

THE 10TH REASON WHY IT'S BETTER FOR BUYERS TO BUY NOW THAN IT WAS IN THE PREVIOUS HOT MARKET IS YOU GOT TIME TO THINK IT OVER RIGHT SO MANY BUYERS JUST NEEDED A HOUSE, RIGHT? AND I MEAN, IT'S LIKE, YOU GOTTA, YOU GOTTA DECIDE RIGHT NOW, YOU KNOW, IT'S IN, YOU KNOW, OFTENTIMES THE BUYERS WERE SETTLING FOR A LOT OF STUFF THEY REALLY DIDN'T WANT JUST BECAUSE THEY NEEDED A PLACE TO LIVE. SO YOU GOT A LITTLE BIT OF TIME TO THINK THINGS OVER AND JUST MAKE SURE THAT THIS IS GONNA BE THE RIGHT MOVE FOR YOU.

 

 

THE 11TH REASON WHY IT'S BETTER TO BUY A HOME IN THIS MARKET THAN THE PREVIOUS HOT MARKET IS YOU CAN HAVE CONTINGENCY CON CLAUSES IN YOUR CONTRACT, YOU CAN'T HAVE THAT, I MEAN, PREVIOUSLY, IF YOU HAD A CONTINGENCY CLAUSE, WHY WOULD THE SELLER EXCEPT THAT WHEN THERE'S YOU KNOW 10 OTHER OFFERS OR 20 OTHER OFFERS THAT DON'T HAVE THAT RIGHT? MAYBE GOT A HOME TO SELL. NOW YOU CAN FIND A HOUSE, YOU KNOW, THAT'LL FIND A SELLER THAT'LL TAKE A CONTINGENCY ON THE SALE OF YOUR HOME AND YOU CAN TIME EVERYTHING BETTER THAT WAY AND YOU KNOW, HAVE A LOT LESS STRESS.

 

 

THE 12TH REASON WHY IT'S BETTER FOR BUYERS TODAY THAN IT WAS IN THE PREVIOUS HOT MARKET IS YOU'VE GOT LONGER CONTRACT TO CLOSE IF YOU WANT IT RIGHT THERE, THEY'RE NOT PUSHING TOO CLOSE AND YOU KNOW, 20 OR 30 DAYS LIKE THEY WERE IN THE PREVIOUS MARKET. SO YOU'VE GOT LONGER TIMEFRAMES, YOU KNOW, MAYBE YOU'VE GOT A HOME TO SELL OR YOU KNOW, YOU JUST DON'T WANT TO MOVE FOR A CERTAIN PERIOD OF TIME, YOU NEGOTIATE IT OUT NOW.

AND OF COURSE, THE ONE CON OF BUYING TODAY AND IT'S A VERY SHORT LIST IS THAT INTEREST RATES ARE HIGHER, RIGHT? UM YES, THERE'S STILL HISTORICALLY LOW EVEN AT 7%, BUT IT'S A LOT HIGHER THAN THREE. AND UH WE UNDERSTAND THAT, BUT YOU KNOW, LIKE WE ALWAYS SAY UM MARRY THE HOUSE AND DATE THE RATE UM THEY'RE GONNA COME BACK DOWN. I MEAN THERE'S GONNA BE OTHER PRODUCTS THAT ARE GONNA SHOW UP. UM IT'S A LOT BETTER TO BUY AT 7% THAN IT IS IF IT GOES UP TO 10 OR 12 AND THERE'S A LOT OF REALLY SMART PEOPLE OUT THERE WHO ARE SAYING IT'S GONNA GO UP TO 10 OR 12 BEFORE THIS IS ALL SAID AND DONE. SO 7% ISN'T GONNA LOOK SO BAD WHEN THAT DAY COMES. SO AND AGAIN LIKE I SAID, YOU CAN ALWAYS REFINANCE LATER IF YOU WANTED TO. UM THERE'S GONNA BE ALL SORTS OF OTHER PRODUCTS THAT WILL COME OUT. BUT YOU KNOW AT LEAST YOU CAN GET THE HOME YOU WANT AND LIVE YOUR LIFE. AND WHEN THAT DAY COMES YOU'LL HAVE OTHER OPTIONS. IF I CAN HELP YOU WITH ANYTHING BUYING OR SELLING, JUST REACH OUT TO ME. YOU CAN IF YOU'RE SEEING THIS ON SOCIAL MEDIA, GO AHEAD AND DIRECT MESSAGE ME, I'LL BE THE ONE ANSWERING YOU SO MAKE SURE THAT YOU DO IF YOU TALK TO ME I WILL BE THE ONE TALKING TO BACK, IT WON'T BE AN ASSISTANT, IT'LL BE ME. AND SO JUST KEEP THE CONVERSATION GOING. IF HE COULD AND UM IF YOU PREFER YOU CAN CALL OR TEXT ME AT 85O-677-1630. YOU FOUND THIS HELPFUL GO AHEAD AND LIKE THIS, SHARE IT WITH ANYBODY THAT YOU MIGHT KNOW UM PUT IN THE COMMENTS WHAT YOU THINK ABOUT THIS PROS AND CONS LIST. AND UM IF YOU WANT TO FOLLOW ME ON INSTAGRAM YOU CAN FOLLOW ME @MEETSCOTTGREGORY, LOOK FORWARD TO TALKING TO YOU SOON. TAKE CARE!

 

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