You've made the decision to sell your home, but don't know what to do now! Selecting an Agent to help you through the entire process from start to finish is going to be as important as determining how much to list your home for, and what your goals are in selling the property.
The best thing you can do when selecting your Agent, is to choose someone who has a personality that fits with your own. You will be spending a lot of time with your Agent, so liking them would be a major plus!
Consider asking the following questions when interviewing an Agent to sell your home:
Are you a REALTOR®?
There is a difference between a Real Estate Licensee and a REALTOR®. A licensee who is a member of the National Association of REALTOR®s, is bound by the Code of Ethics and Standards of Practice associated with the industry, and may be disciplined for violating it. They have a duty to treat all parties honestly and fairly, and have a fiduciary duty to their clients.
How does the process of selling my home work?
Your Agent should be able to explain the process of listing and marketing your property, negotiating offers on the property, the inspection process, the closing process and more. Also inquire about what your responsibilities are during the transaction.
Can you assist in determining my listing price?
An Agent should know the comparable sales data, and be able to give you the information you need regarding current listings, pending sales, and recent sales. After a thorough review of the data, and some advice from your Agent, you should be able to come up with a listing price. Your Agent should not be the one to make the final decision about your listing price.
Do you have training and education?
Most states have strict laws regarding licensing and continuing education. Your Agent should be able to give you up to date information, should be committed to continuing education and should always act with professionalism. Ask if your Agent has any designations indicating a specialty in any areas, such as Buyer Representation.
Can you give me any references?
Be certain that your Agent is willing to give you references, or let you contact past clients.
What can I expect as far as communication?
You will want an Agent who listens to your goals, explains and identifies problems, and answers all of your questions. Communication is key, so ask your potential Agent how he or she plans on informing you of issues or concerns throughout the transaction as well as timelines and deadlines.
How do you get paid?
Inquire about the fee structure and representation. Listing Agents actually earn a commission and are paid by the Seller out of funds at the close of escrow. Ask your Agent to explain the process so you have a better understanding of how it works. Your Agent is a licensed professional and is there to help and protect your best interests.
Remember, it's a Smart Move…with HomeSmart!