Buying or selling a home is possibly one of the largest financial transactions in an individual’s life. Thus, choosing the right real estate agent is required to avoid fraud and heart-wrenching mistakes. This is possibly one of the most difficult aspects of the whole process. Some agents may look so cool on the outside, but so dangerous and unfaithful on the inside. So to decipher between a good and a bad real estate agent, you need to ask questions. Below are a few questions that will help you in choosing the right agent:
1.How Does Real Estate Work in this Area?
This is very important because good real estate agents are well informed about their environment. Some real estate agents in Lagos, have the map of Lagos in their heads, they can take you anywhere, especially to their locality. So a mainland agent will take you around every corner on the mainland where properties are available for rent and sale.
Also, a good agent needs to be knowledgeable about the cost of renting, selling and buying properties in your locality. Put yourself in the shoes of a buyer or a home seeker, then ask the agents about the cost of properties in the area to see how knowledgeable he is in that regard.
Ask him what has sold in your area in the last three months, the last six months, for how much and after how long. Ask questions like, “What are the prices of comparable properties?”
A good agent will not agree to market a property that they consider overpriced. agents should have all this information at their fingertips and be able to back it all up with data. They should be versatile and understand the “psychology of the market.” This will help you to determine why you need their services.
2. How do you plan to Sell or secure a property for me?
When it comes to renting and buying properties, you may not really have to care about this, because you will have to choose from a list of available properties. Most times, you get attracted to the beautiful ones. Especially if you see the pictures of the properties. So this is more important for those that have properties for sale to make sure that they work with agents that have beautiful strategies to sell the property.
In the 21st century, digital marketing has taken over. So if you are in Nigeria, you can get an agent that works with tolet.com.ng to move your properties forward. Here, you can be sure that your property has an edge over other properties that are not on our website. However, if you are renting an apartment, you can also check out properties for rent in your area on our website.
3. How important are feedbacks to you?
Communication is very important. You need feedback from time to time, on how many people are interested in the property. Find a valid means of communication that you are comfortable with.
You may even request for a report. It may be on a weekly or monthly basis. You can also agree on the number of people that are allowed to take clients to the location of the property. If you are renting or buying a property, you really do not have to worry about this.
You should receive calls from a good agent from time to time. At tolet.com.ng, we have a unique customer care unit that understands the importance of communication.
4.What’s your commission?
This is the most important part of the deal. Money drives the negotiations. You need to be considerate enough to give a fair share to your agent. But this cannot be totally determined before the negotiation is fully completed. However, you can work on a percentage base. The commission should, however, be generally applicable for you cost and your locality. It should be a win-win situation for the two parties.
5. How well-connected are you?
How recognized the agent is, is very important to how fast he can sell your property or get you a good property to buy. So get an agent that finds it easy to connect with clients, this will enhance your speed and help you achieve the desired result in a short time.
6. What references do have?
Get an agent that has a report from clients in their previous transactions. You can go the extra mile by getting one or two numbers of client the agent have worked with specifically. Now you will have your mind at rest and continue with the process of buying, selling and renting a home.
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