7 Questions You Never Thought to Ask Your Property Agent
You probably already know to ask your property agent if they’re licensed to work in your area. If you’ve done some homework, you also know to ask about their ratio of list price to sales price. However, this is just scratching the surface of what you may need to know about a potential real estate agent. Here are seven surprising questions to ask before you get into business together:
1: How long have you been a real estate agent?
Real estate agents don’t need a college degree in real estate; they build up experience in the real world. This question can gauge what experience they have. Keep in mind that new agents aren’t necessarily unfit for the job, but you’ll want to question them more closely.
2: What separates you from your competition?
Unless you’re in a very isolated market, this Singapore Property Agent probably has competition. This is a chance for you to learn about their strengths and unique experience with the local market.
3: Which neighborhoods do you work in?
Do they know the quirks of your local market? What about the ins and outs of your neighborhood or one very like it? Have they closed on number of homes like yours?
4: Have you sold homes in this price range?
Different price ranges of the real estate market have different expectations. It’s useful to work with a pro who has experience with your price point.
5: How will you market this property?
This question will explore what markets the agent can tap into. Ideally, they will have multiple strategies for getting the word out to a wide variety of buyers. These could include:
- Professional quality sales photos
- Social media marketing
- Ads in local publications
- Word of mouth connections
- Virtual real estate tours
6: What else should I know?
Unless you’ve a lot of experience with real estate buying or selling, there are likely some issues you haven’t considered yet. This question gives your real estate agent a chance to give you a fuller picture of the process, as well as other vital information.
7: What questions do you have for me?
Working with a property agent is a two-way street. If they have any questions about you or the property, it is a good idea to open the communication doors early on. This also gives you a chance to clarify anything about what you’re looking for or the property you’re selling.
If you’re interested in real estate in the Maryland, northern Virginia, and D.C. area, contact Peter Ferguson today at 847-903-1030. At The Ferguson Group, we’ll be happy to answer any of your questions and work with you for your real estate needs.
