The most important transaction in your life is buying or selling real property. It is important that you choose the right Realtor to assist you in achieving your goal. There are many things to remember before you hire a realty agent.

Many people believe that all agents are the same. Many people sign with the first person to come along. They realize later that they should have been more selective when signing an agreement. Here are seven questions you can ask prospective agents to help you choose the right real estate agent for your needs.

1 What's your experience with real estate?

You should first ask real estate agents how long they have been in the business. However, this doesn't mean you can't hire the services of new licensed agents. Keep in mind that agents with years of experience are more likely to know what to do from listing to closing. Ask them about their experience in real estate, such as how many years they have been in business. Also, what type of residential or commercial segment they specialize in. Ask the agent if they are primarily a buyer's or listing agent. It is important to be familiar with the market. Ask the agent what areas they usually cover. Asking if an agent has been awarded for exceptional performance can help you dig even deeper.

2 How many properties and what types have you sold or listed in the last year?

This is one of the most important questions to ask a realty agent. It is an indicator of how competent a realty professional is at getting the job done. This question has two parts. Properties listed and properties sold. Although agents may be able to list properties, it is not enough to show their ability to sell them. It is a sign that the agent's strategy is working if they have multiple properties sold and listed in the last year.

3 What was the average sale price of the properties that you sold in the past year?

This will help you to determine the market in which the agent is specialized. Ask the agent if they have experience selling properties within the same price range as yours. It might take the agent longer to sell your home if the majority of properties are sold in the lower-end market segment. Agents can sell any property, regardless of its price, but it is more likely that they will be successful in the price segment and market they are most familiar with.

4 What is the average ratio of sale to list price?

The ratio of sale to list price (also known as the sale-to list or list-tosale ratio), is the final sales price divided with the listing price. It's expressed in percentage. It is 100% if the sales price was equal or greater than the list price. This ratio can be viewed in two ways. An experienced listing agent will negotiate sales prices that are close to or equal to the list price. Sometimes, even higher in highly competitive markets. Listing agents should aim for a sale-to-list price ratio of close to 100 percent. A good buyer's representative can sometimes negotiate a lower sales price than the list price. Buyer's agents should have a ratio of less than 99%.

5 What marketing strategies are you going to use?

The difference between success or failure can be made by how you choose to market your products. Failure to plan your marketing campaign will reduce your chances of success. Ask the agent how they will market your property. There are many options available - open houses, joint marketing and print advertising, as well as staging. No matter what approach you choose, it is important to attract the most qualified buyers. Professional staging is often a good idea for higher-end properties. Your agent can advise you on the best way to prepare your property so that it is attractive to potential buyers.

6) Could you please give me some references?

This line of business is dependent on your reputation. You should seek out references from past clients, regardless of whether you are buying or selling a property. Call a few people and ask about their experiences with the agent. Are they satisfied with the service? Ask them if they have any connections to the agent. A list of relatives or friends who have provided references won't give an objective assessment of the agent’s qualifications.

7) Do you offer any guarantee?

Even if you do your research, it's impossible to predict how things will turn out. You should be prepared for every eventuality. Will the agent let you cancel a contract if you aren't satisfied with the service? You should be able to choose another agent if things don't go as planned. For more detail visit https://first1.us/