Buying or selling a home can be overwhelming. Many emotions roll down while doing real estate transactions which can make it difficult to choose the best one for yourself. Similarly, before engaging with a realtor you should collect all the necessary information about them. Here are seven questions you should ask your real estate agent to make sure you’re on the right track:
What is the current market situation?
Ask about the current situation of the housing market. Is it more favourable for buyers or sellers? This information can help you set realistic expectations. Also, it can reflect how much a realtor is aware of market insights.
How did you decide on the listing price?
If you’re selling, it’s crucial to understand how your agent determines the asking price for your property. This question will give you insight into their strategy and market analysis.
Can you tell me about your experience and success rate?
Knowing your agent’s track record can give you confidence in their ability to handle your transaction. This helps make sure that your real estate agent knows the local market, such as the average sales price, the normal close time, and what buyers want in your area. Ask about the number of clients they’ve helped buy or sell homes and their satisfaction levels.
What’s your marketing plan?
If you’re selling, ask how the agent plans to promote your home. A good agent should have a clear strategy for reaching potential buyers.
What costs should I be ready for?
There are various expenses involved in buying or selling a home, like closing costs, commissions, and inspection fees. Your agent should help you understand these costs upfront.
How will we communicate?
Communication is key in real estate transactions. Discuss how often you’ll receive updates and through what means (email, phone calls, texts). This can help you to set a clear
What challenges do you anticipate?
Every real estate transaction is unique and may face its own set of challenges. An experienced agent should be able to foresee potential issues and have strategies ready to handle them.
Moreover, these questions will help you figure out how professional a real estate agent is, and learn more about the property & deal. This will make sure you can communicate clearly throughout the process and end the transaction smoothly!
