How To Choose The Right Real Estate Agent?

Whether you’re a first-time seller or you’ve done it all before, selling a property can be a complicated and stressful experience. It’s no wonder that 83% of sellers choose to list with a Real Estate agent, according to the most recent housing trends reports.

          Consider these steps for finding the right agent:

1. Compare Real Estate agents online

2. Get a referral

3. Check out the local housing market in person

4. Meet with at least three agents

5. Ask the right questions

6. Explain your communication preferences

7. Clarify your motivation to sell

8. Discuss selling strategy and number of showings

9. Agree on all the important details

          Checklist: What to look for in a Real Estate agent

⦁ Familiarity with the local area and neighborhood

⦁ Takes the time to become familiar with the features of the property he/she is selling

⦁ Approachable and friendly

⦁ Excellent reviews, plus professional handling of negative feedback

⦁ Local reputation of closing deals quickly and successfully

⦁ Creative negotiator and proactive problem solver

⦁ Has experience with your specific selling scenario

⦁ Listens to your needs

⦁ Provides you with an up-front quote

Popular services that sellers say were very or extremely valuable from their agents include their ability to find interested buyers (85%), their ability to guide sellers through the process of selling (80%), and their handling of contract negotiations (80%). But, while most sellers find it an advantage to use a Real Estate agent, nearly one-fifth say it is difficult or very difficult to find the right Real Estate agent (18%).

          Here are 10 tips on how to choose the Real Estate agent that’s the best fit for you:

1. Compare Real Estate agents online

One of the most efficient ways to find reputable agents in your area is to search on property portals for vetted agents and compare reviews and numbers of properties sold. You can also use other online search tools to check an agent’s online presence once you’ve narrowed down your top choices. Pro tip: Note how an agent responds to any potential negative or neutral reviews.

2. Get a referral

There’s nothing better than a personal referral from a friend or family member you trust. According to market research, more than one in five sellers (22%) find their agent because of a referral from a friend, relative, neighbor or colleague.

3. Check out the local housing market in person

If you have more time on your hands, drive or walk around your neighborhood and look for repeat agent names on Real Estate signs (bonus if there’s a “sold” sign next to them!). According to our research, 5% of sellers find agents from a for-sale sign, while 16% hire an agent based on knowing them from their community. Or, pop into a nearby open house and observe how the agent engages with potential buyers. Take the time to interact with the Real Estate agent — don’t just grab a business card and leave. Keep an eye out for personality and professional chemistry. Seven percent of sellers find their agents at an open house.

4. Meet with at least three agents

When hiring a Real Estate agent, don’t settle on the first agent you meet. Traditionally 56% of sellers only ever contact one agent, but by talking with multiple agents, you’ll be able to compare and contrast to find someone who will be a good fit. Handle it like a job interview — because it is! While you might have a front-runner based on a referral or local reputation, ask each of the three agents the same questions and compare their responses.

5. Ask the right questions

Get a sense for their business style by asking important vetting questions.

⦁ How long have you been working in Real Estate?

⦁ Do you primarily work with buyers or sellers?

⦁ How many active clients do you have at a time?

⦁ Are you part of a team?

⦁ What’s your specialty?

⦁ Are you equipped to handle my unique situation?

⦁ How will you market my property?

⦁ Can you put me in contact with some references?

6. Explain your communication preferences

Make sure you’re on the same page from the get-go. Discuss how the agent will keep you informed and how often you expect to hear from them. If you prefer email but the agent is most responsive to phone calls, you may not be a good fit for each other. Or, if you know you’re going to have lots of questions and expect quick responses, but the agent usually just sends bi-weekly updates, you may want to find someone who is a better fit.

7. Clarify your motivation to sell

Make sure you’ve made clear any requirements that are specific to your own property sale. Are you on a strict timeline? Need to reach a specific bottom dollar? Looking to fall within a particular timing window to? Make sure to share these details from the beginning so your agent knows what to expect.

8. Discuss selling strategy and number of showings

Make sure you and your potential Real Estate agent are on the same page about their selling strategy. Will you do open houses? How many showings do you want to do? How much lead time will the agent give you before a showing? How will the property be marketed?

9. Agree on all the important details

The best agent-seller relationships are those with clearly defined expectations. Make sure that, in writing, you’ve agreed upon the commission structure, list price, and contract length (i.e., what happens if your property hasn’t sold after a certain amount of time).

10. Understand your role in the negotiating process

This is by all means a team effort and you are both a client and a partner in the negotiating process. Unfortunately most sales-driven, commission-hungry agencies out there view their clients as “the product”, they use “bait and hook” techniques and treat this as retail business instead of full service enterprise. Having the right knowledge and being actively involved in all the steps and details, you are in the best position to control the outcome of the transaction and walk away with a positive experience.