Grand Rapids Michigan Real Estate Blog

head_left_image

10 Questions To Ask a Realtor Before You List Your Home ~ Part 4 of 4

Most of us sell only a small number of homes in our lifetimes. With limited experience

in real estate how are we capable of maximizing the profits from our home sale? Many

home sellers make the critical mistake of thinking all Realtors are the same. They list

with the first agent who comes along. Does it make good business sense to put the

responsibility of selling your home with someone who has no plan or qualifications?

 This report will educate you with valuable information that will help you

make the best decision concerning: With which real estate agent should you list? 

 

                                        for sale sign

 

Start by doing a few hours of research. Ask around ... talk with someone who has had a

positive experience with a Realtor in your neighborhood. Find out which agents are highly

visible in your market area. Get to know who has the most web presence, ads and

 marketing material in your neighborhood. Who's the most active agent? Compile a list

of agent names and use these questions to help you determine which agent is right for

you. Now you have the list ----Google each one to see how they compare. Make an

appointment and ask the prospective agents the following questions: 

 

 

What does the listing agreement entail, what are the beginning and expiration dates,

and what are the fee amounts I will be paying?

Have your agent go over every detail in the listing agreement with you until you

 understand it completely. Make sure the beginning and ending dates are on the

agreement; a good standard for length is four to six months. Know exactly what fees

you will be paying and remember that less is not always better. If the agent stands to

 make very little commission you can bet it will be reflected in the amount of time and

 effort that is spent marketing your home. If the agent reduces the commission to get

 the listing it may mean they intend to spend very little money promoting the property.

What disclosure laws apply to me and what do I need to be aware of ? 

 Expect your agent to thoroughly explain the state required Seller's Disclosure Statement

and Lead Base Paint Disclosure. When completing these forms be sure to answer truthfully.

If the basement leaks, say so! We do not operate in a "Buyer Beware" real estate

environment and agents expect sellers to answer property condition statements

straightforwardly. The best method of dealing with any property defect or maintenance

requirement is to have it repaired or replaced prior to marketing the home. This prevents

 a repair from becoming a negotiating issue.

What separates you from your competition and what kind of feedback will I receive

from you?   How effectively will you advertise?  Do you have 24-hour advertising

capability? Will all the leads be followed up on by your agent's team or will they go

to other agents who may have other listings they would prefer to show?

Agents who are innovative and offer new methods of attracting home buyers will

measurably outperform agents who rely on methods of the past. Marketing effectively

in today's market and beyond requires progressive strategies that add value and

service for both buyers and sellers!

10 Questions to Ask a Realtor Before You List Your Home ~ Part 1

10 Questions to Ask a Realtor Before You List Your Home ~ Part 2

10 Questions to Ask a Realtor Before You List Your Home ~ Part 3 

All 10 Questions Can Be Viewed Here

_____________________________________________

The authors of the this blog write about Grand Rapids Real Estate,

the Greater Grand Rapids MI area, and what it is like to live in

West Michigan.  We believe: Grand Rapids is a Great Place to Live!

search for Grand Rapids homes Find Grand Rapids Home Value Grand Rapids Relocation Guide

Westbrook Realty Grand Rapids MI Real Estate

                          Contact Terry   616-292-7263

OUR FLICKR PHOTOSTREAM

________________________________________________________

 

 

 

Comment balloon 8 commentsTerry & Bonnie Westbrook • October 29 2009 04:44PM

Comments

Good series with lots of food for thought.

Posted by Retired from ActiveRain almost 11 years ago

Well, you know me, I always say that sellers should not choose an agent based on the suggested sales price nor the commission, yet they continue to make that mistake.

I generally take my listings for a year, btw. Not that it's likely to take me that long to sell the home but because I dislike having to mess around filling out extensions, should they become necessary.

sacramento short sale agent

Posted by Elizabeth Weintraub Sacramento Realtor Top 1%, Put 40 years of experience to work for you (RE/MAX Gold) almost 11 years ago

Rick: We need to keep sending the message to sellers that not all agents are the same.

Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) almost 11 years ago

Elizabeth: I really don't think the term of the listing is as important as the relationship we create during the agreement. When they see all the work that is being done most are so happy to have usa working for them.

Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) almost 11 years ago

Terry and Bonnie--It amazes me that some people don't take the time to do their due diligence when listing their most important asset. You have a great series of questions to ask here and I am certain you have educated many in your area on how to chose the best!

Posted by Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro (Boardman Realty) almost 11 years ago

Terry and Bonnie: Great list of reminders for buyers or sellers when selecting a Realtor. ;-)

Posted by Mesa, Arizona Real Estate Mesa Arizona Realtor, AzLadyInRed (Homes Arizona Real Estate LLC) almost 11 years ago

Teri,Some people make the decision on emotion and not on logical processes. I hope they rethink how they decide who will help them sell one of there most important assets.

Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) almost 11 years ago

Teri: Thanks for the comment we hope it helps.

Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) almost 11 years ago

This blog does not allow anonymous comments