Thursday, June 19, 2008

10 Questions to Ask When Picking a REALTOR®

10 QUESTIONS TO ASK WHEN CHOOSING YOUR REALTOR•

Make sure you choose a REALTOR® who will provide top-notch service and meet your unique needs.

1. How long have you been in residential real estate sales? Is it your full-time job? While experience is no guarantee of skill, real estate, like many other professions, is mostly learned on the job.

2. What designations do you hold? Designations such as ABR and CRS®, which require that agents take additional, specialized real estate training, are held only by about 14% of real estate agents.

3. How many days did it take you to sell the average home? How did that compare to the overall market? The REALTOR® should be able to present market statistics from the local MLS.

4. How close to the initial asking prices of the homes you sold were the final sale prices? This shows how skilled the REALTOR® is at pricing homes and marketing to buyers.

5. What types of specific marketing systems and approaches will you use to sell my home? Look for someone who knows how to market your property competitively on the Internet.

6. Will you represent me exclusively, or will you represent both the buyer and the seller in the transaction? Your REALTOR® should explain her agency relationship.

7. Can you recommend service providers who can help me obtain a mortgage, make home repairs and help with other things.

8. What’s your business philosophy? There’s no right answer but the response will help you assess what’s important to the agent and determine how closely it works with your own.

9. How will you keep me informed about the progress of my transaction? How frequently? This is not a question with a correct answer you should make sure your your needs are met.

10. Could you please give me the names and phone numbers of your three most recent clients? Ask recent clients if they would work with this REALTOR® again.

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