10 Questions to Ask an Estate Agent

Selling your property, especially if its your home is a big deal. So, getting the right estate agent is important. Asking them questions will help you determine who you should pick from the crowd. In this article, we give you ten questions that you should ask an estate agent and why. 

 

  1. How will you communicate with me?

Communication with an estate agent is an important part of the process because it allows them to keep you up to date with the sale of your home. Some agents communicate via email or texts, while others prefer regular calls or arrange in-person meetings.

  1. How much will you charge?

All types of fees should include a valuation, a written description of your home, floor plans as well as professional photographs. It will also include contacting buyers, marketing your house in person and online, and the For Sale sign.

  1. Are there any other costs?

This should be asked immediately after finding out the initial charge because there could be fees later on in the process that the estate agent may not mention initially. When asking this, think of it as ascertaining the big picture fees. From there you can compare, and contrast estate agent offers with each other to get the best result for yourself.

  1. What type of contracts do you offer?

There are four main types of estate agent contracts. Sole Selling Rights & Sole Agency contracts means that the estate agent is the only person that can sell your home during the sale period. The next type is Joint Agency which means you can ask two estate agents to work together to find a buyer. As a result, the fees are often higher than a sole contract. The fourth main type is a Multi-Agency which essentially means you can use different estate agents but only pay commission to the one who sells your property.

  1. How long are homes in this area typically on the market?

Factors that impact the amount of time a home remains on the market involve price, interest rates and the general state of the economy. Asking your estate agent this gives transparency on the process of selling your house and the time it will take. The agent should have a good understanding of what may affect it.

  1. Have you recently sold any other properties in the area?

Following on from question five, the estate agent should have an idea of how long it takes if they have recently sold properties in your local area. Selling properties recently in the area shows that your agent knows the landscape and what people are looking for.

  1. Have you sold properties like mine before?

Estate agents will understand the features that current buyers are looking for if they’ve sold properties similar to yours before. They’re also more likely to know of prospective buyers and have people waiting on similar properties. So, it’s more likely they’ll be able to find a buyer without delay.

  1. How well do you know the area?

The person showing your home should be someone that knows your area well, so they have a personal knowledge of nearby transport networks, amenities, and shops.  The estate agent needs be able to authentically sell the idea of living in your home, and someone with first-hand experience of the local area is best placed to do so.

  1. How will you market my home?

It’s more important than ever that your home is presented to potential buyers in the best possible way, so make sure to find out how your agent plans to do this. Online listings and window displays are standard methods of marketing, but some agents offer social media promotion and quality brochures to advertise what your home has to offer.

  1. Is now a good time to sell?

An estate agent will look to maximise any market place and ensure you secure the best person available at that time. A typically busy time of year will mean lots of sellers come to the market and as such there will be greater competition.