Ask Your Agents These Questions
If you want to sell your home, it makes sense to call on the experts for support. Selling your home is one of the biggest challenges you face in life. You need an estate agent to help you out, but of course, there are many estate agents to choose from. Even here in the West Midlands, you need to narrow down your options.
It is often best to call on an agent with local knowledge. Having experience in the local area makes a difference. A local agent who knows what buyers want to see can help you connect with the most likely buyers. If you want to increase your chances of finding the most likely buyer, you need to know the questions to ask estate agents.
How long do you think it will take to sell my property?
This is likely to be one of the most popular questions vendors have for estate agents. You want to sell your home as quickly as possible. While it is impossible to say how long the process takes, an experienced estate agent will be able to make an informed estimate on the expected length of time.
A West Midlands agent who knows the market, who understands what the level of supply is and has sold similar homes to yours will have an idea of the process. Yes, problems can and will arise, but an experienced agent knows how to remove obstacles that make the sales process challenging.
Therefore, if you want a rough outline of how long it will take to sell your property, ask your agent for an estimate on the sales process, and what the process involves.
Does the agent have similar homes on the market?
An interesting question you should ask an agent is whether they have similar homes on sale right now. If they have sold homes like yours in the past, this is positive news. Knowing your agent has experience in selling houses like yours is an excellent comfort for vendors.
However, if the agent has several homes like yours currently for sale, you should have follow up questions. It may be that there is no demand for homes like this right now, or that supply dramatically outstrips demand. If this is the case, there may be an issue in selling your home.
Speak to the agent, and ask for an appraisal for what the market has to offer.
What is the valuation of my property?
When you sell your home, you need an accurate valuation of your property. A reliable and realistic assessment attracts buyers, while a inflated appraisal can chase buyers away. Some agents believe placing a higher valuation on a property can help you sell at a higher price, but this is often not the case.
Buyers are savvy and examine the market. Therefore, to maximise your chances of attracting attention and selling your home, make sure the agent provides you with a fair and accurate price.
If you are looking for a property valuation, or you need assistance in selling your home, contact Innovate, and we will be happy to help.