Things You Should Ask Your Real Estate Agent

  • BY virtuosobrands
  • October 19, 2020

Things You Should Ask Your Real Estate Agent

Most consumers these days know what they want and make careful decisions when it comes to life-changing things like buying or selling a property. Because of this, they meticulously interview potential real estate agents before they choose the one that they want to work with. It is in the interview stage where everyone is involved, which is why you should know what you should ask your Manhattan real estate agents. Remember that you are not the only one who is sizing up a good fit. A great real estate agent will also be selective of their clients as well.

So, here are some questions you can ask during your interview:

How long have you been working in the real estate industry?

Experience is crucial when you are looking for the right Manhattan real estate agents. There’s no requirement to have a college degree or to take a bar exam to become a real estate agent. That’s why one way to see their qualifications is through their experiences. You can ask about how many successful sales they have completed, for instance. But, this doesn’t also mean that you shouldn’t choose new real estate agents. You can ask them about their training and whether they have worked under real estate professionals.

What’s your average list-price-to-sales-price ratio?

You can determine whether any of the Manhattan real estate agents are suitable for the job by checking whether they have a competent listing. This is because a list-to-sale helps measure whether properties are selling for more or less than the asking price in the real estate market. Thus, a real estate agent’s average ratio will depend on the market. So, if you are looking for listing agents, they should have higher ratios that are near to 100%. On the other hand, for buyer’s agents’ ratios, it should fall below 99%.

Which neighborhoods have you worked in?

During your interview, it is important to ask this question because you want to find an agent that has experience in the areas where you live or want to reside in. Most real estate markets have micro markets that are driven by individual neighborhoods. Manhattan real estate agents who know issues such as schools, development plans, and traffic plans, among other things, are beneficial for you. They’ll know the best locations and the preferable properties that would suit your specifications.

How will you plan the marketing of the property?

You’ll need to know how the agent will strategize in searching for your home. And in case you want to sell property, you need to know how they will market your property. For buyers who are looking for assistance from a real estate agent, it is important to determine how the agent will compete against other buyers. You can ask them the way they handle multiple offers. On the other hand, for those who want to sell properties, you should take a look at how they prepare your home for sale or the means they use to market it online.

So, ask these simple but essential questions during your interview with Manhattan real estate agents so you’ll know if they can deliver the results that you want. In real estate, it is vital that you have a professional that can help you with the process. Real estate agents will be able to guide you through the process and provide you with the best deals. So, don’t hesitate to enlist their services.

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