Selling a house is a major undertaking in every sense It is therefore essential to select an estate agent who you are confident will get you the most value and highest likelihood of selling. This guide on choosing the right agent will outline the things to consider when narrowing your choices However, prior to making a choice, what should you be seeking and what questions should you ask?
We believe that there are three fundamental qualities an effective estate agent should have:
A great list of buyers who could be interested in your home
An ability to act in a proactive manner and contact the buyers
Marketing skills that will present your house in the most favorable way possible
1. The number of buyers who could be interested
Every estate agent could place a picture of your property in their office, and list the property as a property on Rightmove and then put their fingers on the table. A professional with experience will be thinking of prospective buyers from the moment they come across your property. This is why it’s important to select a company which sells a lot of similar properties to yours – they are likely to have information of potential buyers in the properties and will therefore be attracted to yours.
2. The desire to take initiative
The list of potential buyers can only be beneficial when the estate agent is prepared and willing to put into action to inform them about your home. Estate agents in Wapping are just humans, and they’ll prefer to pursue the most straightforward sales first, this could, for instance the property is drastically reduced in value because the seller is desperate.
Similar to that, although you’ll prefer an agent with plenty of buyers in their portfolio You should not have too many properties that they don’t have enough time to the ones you want.
3. Marketing skills
You’re trusting the estate agent to provide an elevator pitch to sell your house So you have to ensure that they are able to do an excellent job. This is why the process of interviewing an agent comes into play. Are they genuine and experienced? Recommendations from family or friends are helpful however the best method to gain an understanding of how the estate agents interact with clients is to act as an actual buyer. If you make it appear that you’re searching for a home like yours, what will they present to you? What’s their local knowledge as?
Agents can be asked questions about
After narrowing your choices down to few estate agents, you can invite them to conduct an assessment of your property. It is also a chance to meet with each one since you’re the one who gives them a chance to earn a living. Here are some questions you should ask:
Which similar properties have you recently sold, and at what time?
Estate agents ought to be able to provide examples of houses similar to yours at a similar cost. Check to see if they’ve sold recently. It’s no worth relying on prospective buyers who were on the books of the agent some time ago, since they may already have purchased a home.
How many visits do similar properties receive?
If the company has an identical house to yours that they have on their books, ask them about the interest levels. What number of viewings did the property receive in the past week? Be sure to ask agents questions as you will be confiding them with the future of your most precious asset.
What is the size of the team? What do they charge for their work?
The amount of employees on the estate agent’s staff is a vital aspect to examine, in order to make sure they are able to concentrate on the sale. Also, it’s important to inquire if they operate on a pooled or an individual commission. Although it may seem like an agent that only receives commissions on their own sales is more productive but it may cause them to be less inclined to share potential buyer leads with colleagues. If the agents are part of the commissions, they’re more likely to turn down the prospect of a buyer that could be ideal for your home and also work as a team to bring the best result.
What is the cost?
Find out the agent’s typical commission rates and whether there is room to negotiate. Our guide regarding how to bargain fees go over the subject in greater detail Be aware that the percent is not the end all be all. It is not worth negotiating for a fraction of a percent if the agent cannot locate a buyer, and you are forced cut the price in order to make a sale.
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