5 Questions to Ask Your Realtor Before Signing a Contract

By: Ana Bastas

5 Questions to Ask Your Realtor Before Signing a Contract

Tags: GEORGETOWN ONTARIO, MARKET STATISTICS, REAL ESTATE, REAL ESTATE INVESTING, FAMILY FRIENDLY, GEORGETOWN REALTOR

Ok, as much as I hate to admit it, I’m not everyone’s cup of tea. I learned early-on in my career that I can’t please everyone, and that’s ok. I know I’m great at what I do, and my confidence, sense of humour and negotiating skills are my greatest assets – but their value ranks differently among clients. That’s why I put together this list of questions to ask your realtor before agreeing to work together. It should be like an informal job interview, after-all you’re essentially hiring me to work for you. Some of these might seem a bit obvious, so bear with me.
 

Can I see your real estate licence?
Ok, yes, you’re probably thinking “thanks captain obvious”. But you’d be surprised at how many fraudsters there are out there, especially in this digital age. Just ask, it will give you peace of mind.
 
What is the average days on market for your previous listings?
This is a great question to ask. It will give you insight on how capable the agent is at selling homes. It will also give you a sense of how much effort will be put into marketing your home and the agent’s dedication.
 
What is your average percent of asking price on previous listings?
This one you kind of have to be wary on each end of the spectrum. If their average is creeping below 90% you have to question their knowledge and work ethic. If it’s climbing above 100% then you may want to consider whether they’re purposely listing low for a bidding war.
 
Have you sold homes in this neighbourhood?
You want an agent that’s knowledgeable about the area that you’re selling in. If they have bought or sold homes in the neighbourhood recently that’s a good gauge on how your sale will go. As a bonus, they may have contacts from previous showings that might still be looking for a home in the area. Your home.
 
How long have you been a realtor?
I struggled with adding this to my list of questions for a few reasons. One being that years of experience doesn’t always lead to dedication to the job. I know plenty of amazing agents that just recently obtained their licence. However – this may be important to some people, especially first-time home buyers that will likely have a lot of questions they want answered right away. Or, for the more discerning of clients that will have a lot of questions about the particulars of the home.
 
So, whether you’re a first-time home buyer, or you’re an old hand at purchasing properties, you should always ask your realtor the questions that are most important to you. I’ve been asked some very interesting questions over the years, but I’m always happy to give an honest answer. Mostly, because I don’t like lying, and I’m also terrible at it! As for those interesting questions (I know you really want to know), I’ll save those for another blog, or when we meet cheeky

If you'd like to ask me the above questions please feel free to contact me anytime at ana@anabastas.com, or you can call or text at 647-938-8814
 
**question inspiration from homelight.com