Buying, Selling and Renting a home is one of the most significant transactions of your life; and for something this significant to your livelihood, wouldn’t you want someone on your side who can get the job done right? Finding the right Broker should involve careful research and planning, but most of us have no idea where to begin!
Here are the questions you should be asking to know if you’ve found the right Broker:
How long have you been a Real Estate Agent?
Many real estate agents learn on the job and the more experienced ones can offer you lots of practical advice. This doesn’t mean avoid the new agents, but rather ask them about their expertise. Many of them are either specialists or have been trained by specialists and can offer you a higher quality service
“An agent who knows their stuff can be the difference between a stressful and a smooth transaction.” – Amanda Hagley
Which neighbourhoods do you work in?
Whatever area you’re looking to settle in, make sure you find an agent who understands the issues of that area – schools, developments, crime level, commute etc. This will give you that extra edge you need to make a more informed decision – and not a regretful one.
What’s your marketing strategy?
Don’t be afraid to ask this, you have every right to know just how the agent or broker is going to market your property. This is the real wet-work and where you separate the ‘best’ from the rest.
Your agent should be able to walk you through traditional sales strategies like staging, quality of photographs and modern strategies that we also employ such as social media, search engine and funnel marketing etc.
Click here to ask us our strategy (We’ll give you this for free).
How quickly can you have a viewing set up for me?
Let’s face it, we all want top quality service at minimal cost. Sometimes homes go under contract within a couple days of being listed for sale (if they even reach being listed). What if one of those were your dream home? Wouldn’t you want an agent capable of getting you to the negotiation table ASAP?
Luckily, our team of expert agents has that ability. You’re bound to get an agent whose schedule aligns with yours and works with you full-time – no matter how busy the schedule.
What are fees like?
You want a realtor that’s transparent. That means all cards on the table and no hidden fees. In fact, your realtor is supposed to inform you of their fees up front and it’s usually a set percentage of the transaction price. Typically, the norm in the industry when a property is sold is 3% commission of the value of the property. The commission due to the agency when they rent your property is equivalent to one month’s rent, based on a 1 year lease. Ensure that you know what you’re committing to.
What Are The ‘Closing Costs’?
Closing Cost is the cost to prepare the legal documents for the transfer of ownership from one owner to the other.
What is the ‘Closing Cost’ for a Vendor and Purchaser?
Vendors usually only have two costs. The cost of the agent’s services, which is 3% of the value that the property is sold for. The second cost is acquiring a “Consent to Sell”, if it is applicable to their property. This consent document usually cost a few hundred dollars and can be applied for by the Vendor themselves or they can request that their attorney apply for it and pay for the service.
The larger cost is for the purchaser. The purchaser’s closing cost is estimated between 9-10% of the value of the property, which include Stamp Duty charges and legal fees.
It’s Time to Start Asking The Right Questions…So You Can Find The Right Agent.
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