Choosing a good real estate agent is very hard nut to crack and it is very similar to choosing good doctor but you can make it easy by conducting a good interview. First, ask your friends, colleague and neighbor about name and address of good realtors. Make a list of only those realtors whose name comes more two times in list and conduct small interview session with them. Ask following question from your selected realtors.
How many experience you have in real estate field?
It is not necessary that experience realtor is better than new one. Some new realtors are learning always-new things in comparison to those realtors who have 10 years of experience and repeating their first year repeatedly. Infect new realtors work more delicately than old one because they are young and energetic. They have more time to concentrate on your work.
What is the best strategy of selling house in my area?
As a seller you should ask:
How will you advertise my property? How do you market my property online? Can I get services of more than one realtor? What is about your mail campaign?
As a buyer you should ask:
How will you search home of my interest? How many homes will I have likely to see before any decision? How much completion of other buyer has been done for same requirement?)
How long have you sold houses in my area?
It would be great if the Realtor have great experience in your area. He would have tactics to sell your house fast and at good cost from past experiences. He would be helpful for setting right price for your home.
What is the average ratio of selling price and list price?A good real estate agent would try to settle down the price little bit lower than list price for buyer. He always helps to settle down the best negotiating price between seller and buyer. A good realtor is one who settles the property price very much closer to list price. What is your commission?Some agents charge as much as 10% while others will offer services for 3%. In Australia real estate agents are paid between 2-4% and very few people use an agent for selling and buying of property. With the number of US homes sold annually now exceeding 9 million and agent fees affect millions of American consumers each year. The Government Accountability Office cited figures in its August 2005 Report on real estate commission fee showing that consumers paid about $61 billion in agents fees in 2004. Good real estate agents always ready for negotiation in their commission. They get 3% commission from buyer as well as seller.
How you are different from others?
This is most important question as well as more difficult question for any realtor. I think answer is available in my previous post “Quality of Good Real Estate Agent”. If there answer is quite similar to my previous post than they could be better choice for you.
Is there any kind of guarantee do you offer?
There is agreement between seller and realtor. Read it carefully and ask what happen if you would unhappy with their work. Will the agent let you cancel the agreement? What is the termination process? What is the name and address of previous sellers or buyers who have cancelled the agreement?
Can you give names and contacts whose home you have sold? Before signing any agreement just go to those people who have used the services of particular real estate agent. It will give you clear picture of any real estate agent and very helpful in selection of real estate agent
Real Estate Interview Question For Selection Of Good Realtor
