How to Pick The Perfect Estate Agent
So, you're thinking about selling your house? Well, let me tell you, one of the most crucial decisions you'll make in this process is picking the perfect estate agent. The right one can make your property journey a breeze, while the wrong choice could lead to stress and financial hiccups. But don't worry, I'm here to give you some tips and tricks on how to pick the perfect estate agent.
Fees - It’s More Than Just the Price Tag
Now, when it comes to estate agents, I know what you're thinking: "What's the cost?" And sure, the fees are essential, but don't just go for the cheapest option without considering a few other things. You see, the commission percentage is just part of the story. What you want is an agent who can secure the best deal for your property. A lower fee might end up with a lower final sale price, which isn't what we're after. So, here's how to check:
💰Sale Price to Asking Price Ratio: Ask the agent about their track record of achieving a sale price close to the asking price.
💸Comparative Evaluation: Obtain evaluations from multiple agents and compare them. Assess how realistic their evaluation is to the current market.
👍Local Recommendations: Seek advice from local communities, such as on platforms like Nextdoor, to understand the effectiveness of local agencies.
Ensure you have a clear understanding of any additional fees, such as listing fees or photography charges, to avoid any financial surprises down the line.
Exclusivity - Exclusive or Open Market?
Estate agents may offer different types of agreements, which can change your selling experience:
📜Exclusive Right to Sell: This agreement means the agent is the sole authority to sell your property. It can mean a more committed effort from them.
🏡Exclusive Agency: With this one, you can also try to sell the property yourself, but you won't owe a commission to the agent unless they find a buyer.
Consider which type aligns best with your needs and preferences.
Experience - Your Agent’s Track Record
Experience is a real game-changer when it comes to choosing an estate agent. Let's ask them a few questions to get a feel for their expertise:
🤔“How long have you been in Real Estate?”: Inquire about their years of experience and the types of properties they have predominantly dealt with.
🤔“Any obstacles I should be aware of?”: Ask what common issues they’ve encountered that might lead to a sale falling through.
🤔“Who will be handling the sales progression?”: Clarify who will handle the sales progression and the expected timeline for the process.
🤔“Are you a member of Propertymark?”: Propertymark is a professional body that upholds industry standards. A membership here is a good sign that they play by the industry rules.
Additionally, inquire about their network, or “Rolodex”, of contacts, especially foreign and investment buyers. This network can be instrumental in connecting you with the right buyer for your property. It’s also beneficial to know whether they predominantly sell to consumers or investors, and if they have a history of repeat buyers.
Trust Your Instincts - The Personal Connection
Last, but not least, trust your instincts. Consider your interactions with the estate agent. Do they make you feel like you're on a mission to sell your property, or do they provide a sense of trust and help you navigate the process smoothly? The right agent can make a significant difference in your property journey, ensuring it's not just successful but enjoyable too.
So, there you have it! Choosing the right estate agent is a big deal, but with these tips, you'll be well on your way to making the perfect choice. Let's go out there and find the agent who can maximize your profit and make this whole selling experience a breeze. You've got this! ✅
