Buyer Reports
- 10 Secrets Home Buyers Should Know
- Questions Every Buyer Should Ask Their REALTOR®
- Moving Made Easy
- What type of Agent should I work with?
Seller Reports
Seller's Questions
1. Are you a full-time professional REALTOR®? How long have you worked full
time in real estate? What professional designations do you have?
Knowing whether or not your REALTOR® practices real estate on a full-time basis
can give you a piece of the puzzle in foreseeing scheduling conflicts and,
overall, his or her commitment to your transaction. As with any profession, the
number of years a person has been in the business does not necessarily reflect
the level of service you can expect, but it is a good starting point for your
discussion. The same issue can apply to professional designations.
2. Do you have a personal assistant, team, or staff to handle different parts
of the sales transaction? What are their names and how will each of them help me
in my transaction? How do I communicate with them?
It is not uncommon for high real estate sales producers to hire people to work
for them or with them. They typically work on a referral basis, and, as their
businesses grow, they must be able to deliver the same or higher quality service
to more clients. You may want to be clear about who on the team will take part
in your transaction, and what role each person will play. You may even want to
meet the other team members before you decide to work with the team overall. If
you needed help with a certain part of your home sale, who should you talk to
and how would you communicate? If you have a question about fees on your closing
statement, who would handle that? Who will show up to your closing? These are
just a few of the many important considerations in working with a team.
3. Do you and/or your company each have a website that will provide me with
useful information for research, services, and how you work with sellers? Will
you advertise my home online and on what sites? Can I have those Web addresses
now?
Many homebuyers prefer to search online for homes and home buying information.
There are certain privacy and comfort levels that buyers might appreciate in
starting a preliminary search this way, and often it is just a matter of
convenience to have 24-hour access to information. As a seller, the Internet can
be an additional avenue for your agent to market your home. By searching the
REALTOR's® and the company's Web sites, you will get a clear picture of how
effective an online home listing might be, how much research you could
accomplish online, and whether or not these things suit your preferences.
4. How will you keep in contact with me during the selling process, and how
often?
It's a good idea for you to set your expectations reasonably in accordance with
how your REALTOR® conducts business. You may be looking for an agent to call,
fax, or email you every days to tell you about prospective buyers who have seen
your home. On the other hand, your REALTOR® may have access to systems that will
notify you automatically each time a new visitor tours your home (which could
happen several times a day or several times a week). Asking this extra question
can help you to reconcile your needs with your REALTOR's® systems, which makes
for a far more satisfying relationship.
5. Can you explain one thing that you do that other agents don't do that
ensures I'm getting top dollar for my property? What is your average market time
versus other agents' average market time?
Marketing skills are learned, and sometimes a real estate professional's unique
method of research and delivery make the difference between whether or not a
property sells quickly. For example, an agent might research the demographics of
your neighborhood and present to you a target market list for direct marketing
purposes.
6. Will you give me names of past clients who will give references for you?
Interviewing a REALTOR® to help you sell your home can be very similar to
interviewing someone to work in your office. Contacting a REALTOR's® references
can be a reliable way for you to understand how he or she works, and whether or
not this style is compatible with your own.
7. Do you have a performance guarantee? If I am not satisfied with your
performance, can I terminate our listing agreement?
Understand that, especially in the heavily regulated world of real estate, it
can be increasingly difficult for a REALTOR® to offer a performance guarantee.
Sometimes you may find a REALTOR® who is willing to guarantee that if you are
dissatisfied in any way with their service they will terminate your listing
agreement. If your REALTOR® does not have a performance guarantee available in
writing, it is not an indication that he or she is not committed to perform.
REALTORs® at Keller Williams® Realty understand the importance of win-win
business relationships, and that the REALTOR does not benefit if the client does
not also benefit.
8. How will you get paid? How are your fees structured? May I have that in
writing?
This is an issue that can also be related to agency. In many areas, the seller
still customarily pays all REALTOR® commissions through the listing broker.
Sometimes, REALTORs® will have other small fees, such as administrative or
special service fees, that are charged to clients, regardless of whether they
are buying or selling. Be aware of the big picture before you sign any
agreements. Ask for an estimate of costs from any agent you contemplate
employing.
9. How would you develop pricing and marketing strategies for our home? Will
you commit to the marketing strategy in writing?
Pricing a home correctly is the single most important factor in determining if a
home sells quickly, or at all. Although location and condition also effect the
selling process, price is a primary factor. Access to all current property
information is essential, and sometimes a pre-appraisal will help. Ask your
agent where he or she obtained the information to create the market analysis,
and whether your agent included For Sale By Owner homes, foreclosed homes, and
bank-owned sales in that list.
10. What will you do and what will you not do to sell my home? Who determines
where and when my home is marketed/ promoted? Who pays for your advertising?
Ask your real estate agent to present to you a clear marketing and advertising
budget, and how those dollars will be spent. Ask if there are other forms of
advertisement/ marketing media that are also available but not mentioned in the
budget/plan, and who pays for those. Request samples of the various media that
your agent proposes (such as Internet Web sites, print magazines, and local
publications).
Contact info
» Keller Williams Realty Greater Nassau
» Telephone: +1 516.873.7100

