Over the past several years a risky trend appeared and it took place in almost every major city in the US. As real estate proved to be a lucrative market, many people began taking classes, earning their licenses, and immediately leading people into real estate transactions with little knowledge or experience in the complexities of navigating the real estate market. Although the market has lost its appeal to those realtors, many are still in business.
PREPARE YOURSELF
This is why it’s in your best interest to interview several realtors with specific questions that will help you select an ethical, honest person to represent you.
These questions cover an agent’s schedule, their past selling attempts, successes and failures, former clientele, price ratios, personal statistics, the realtor’s skill level, and other pertinent information that you need to know, but they may be reluctant to divulge of their own free will.
QUESTIONS FOR INTERVIEWING MULTIPLE REALTORS
1. What is your list price to sale price ratio for the last 60 days?
2. What is your average days on market for the last 90 days?
3. What is the absorption rate for home like mine in the area?
4. Of the listings that you had last year that did not sell; why did they not sell?
5. What percentage of homes did you represent the seller and not the buyer last year?
6. How many homes did you actually sell last year?
7. Can you give me a list of your last 10 clients with their contact information?
8. Do you do any type of work besides real estate?
9. How many people do you speak with each day about the real estate business?
10. Can you show me a copy of your daily schedule?
These questions will help you find an honest realtor who can do the best possible job for you. He or she should have no problem telling you everything you want to know. Any hesitation or misinformation in the answers, and you know it’s time to look elsewhere.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment