Questions to Ask

There’s no denying that the real estate market over the past three years, and specifically 2022, has been wildly confusing and rapidly changing. Not only has inventory been scarce this whole time but we’ve also been dealing with more buyers than usual, mortgage rates that go up and down like a roller coaster, and record setting median home prices. In fact, June set yet another record. For the first time ever, the median home price in the U.S. is $450,000. 

Obviously, as a buyer you might have a bevy of questions about how to navigate these waters… but it’s equally as overwhelming as a seller. When it comes to finding a realtor to sell your home, here are the questions you should ask to nab a great one! 

What Are Your Stats? 

First things first: ensure that the person is licensed in the state you’re selling your home. This may seem like a no-brainer but if they aren’t licensed or aren’t part of the local trade association, they won’t be able to add your home to the MLS database. Additionally, ask how many transactions they had the previous year. 

Do You  Specialize in this Neighborhood? 

Community connection is vital and when your agent is an expert in the local area, that can be a huge perk. Not only will they be able to sell buyers on the immediate surrounding area but there’s a solid chance they actually know the people, really understand the comps, and can sell your home fast to their connections. 

How Do You Determine Price? 

Of course, when selling your home, anticipating a list price or potential profits can be exciting. It can also be daunting to consider all the numbers involved. Any real estate agent worth their salt will be more concerned about arriving at the correct listing price than what their commission might be. Price too high and you box out buyers, price too low and you may miss out on profit. 

Make sure your agent is knowledgeable about the local market and what other similar homes have recently sold for. This will help you arrive at the right price to complete your real estate transaction.

To read additional questions you should be asking potential real estate agents, visit Realtor.com.