|
Ready To List
With A Real Estate Agent?
13 Things Your Agent Must Do To Maximize Your Profits!
|
Ready to place
your home on the market? Do you understand the process and details
of selling a home? Before you list with an agent, educate yourself
on all the factors that will affect your profit. Be as informed
as possible so you can make the absolutely best business decisions.
After all, the sale of your home is a business decision!
Most of us
are not tuned into the trends and fluctuations of the real estate
market. Likewise we are not aware of the necessary steps to maximize
profits on the sale of our home. Typically we rely heavily upon
an agent to lead us down the most profitable path. When considering
our home is usually the most valuable asset we own, doesn't it
make sense to list with someone who will maximize our profits?
But how do we find that agent?
This report
is designed to empower you with critical information necessary
to evaluate an agent's qualifications and help you identify the
professional top producer. The more meticulous you become in selecting
the right agent the higher your profits will be!
Start by doing
some research. Find out who the most active agents are in your
market. Look at advertising to see how professional it is. Ask
friends and family. Drive around the neighborhood looking for
yard signs. Then compile a list of agents.
1. The Phone Interview - Place a call to each of the agents
on your list. Document how quickly they returned your call. Remember:
they will be returning calls to your prospective home buyers.
Do an initial 'feel out' interview over the phone so when you
meet you will both be prepared.
2. Request a Complete Plan - From title to escrow, request
a complete plan as to the services they can provide for you.
3. Evaluate Their Team - Top producers will have established
relationships with lenders, title reps, inspectors... everything.
They are there for your benefit and if they are ill prepared to
handle all the steps, you are being short changed.
4. Detailed Report of your Property - Request a complete
report of your property with ideas for improvements, cosmetic
changes, structural repairs or anything that could add value to
your property. Remember a small investment up front will pay higher
dividends at the time of sale.
5. Alternative Report - Request a complete report of alternatives
to the home sale. What would current market leases generate? Rentals?
Responsibilities attached with leasing? Have your agent educate
you as to all your options.
6. Insist on Prequalification - Don't waste valuable time
negotiating or showing your property to unqualified prospects.
Insist your agent prequalifies candidates to screen out all unwanted
prospects.
7. A Net Sheet - Request a complete net sheet, minus commissions
and fees, showing your exact proceeds at the time of sale.
8. A Marketing Plan - Insist on a step-by-step marketing
plan of how your property is going to be sold and marketed. Look
for innovative ways to attract home buyers. Demand 24-hour advertising,
lead accountability and tracking services. These services exist
and you should insist upon them.
9. Telemarketing Efforts - Investigate the agents telemarketing
team. Do they just cold call or do they have a mechanism to create
proactive leads and call on those prospects?
10. Direct Mail - Investigate the agents capacity to send
direct mail. How often do prospects receive mail? Is it professional?
Does the mail piece motivate prospects to respond?
11. Advertising - Is it well written and professional?
How many ad mediums do they utilize? They should be advertising
in at least three; a homes magazine, community or local newspaper
and yard signs. Remember: the quality of the advertising will
directly influence how well your home will be perceived.
12. Negotiation Strategy - Have a written, well conceived,
negotiation strategy. The old adage, "You don't get what
you deserve, you get what you negotiate" rings true in real
estate. Insist on a sound negotiation strategy before you entertain
buyers.
13. Closing Checklist - Be sure to get a written closing
checklist. You need to know in detail how you will conclude the
sale of your home. This should provide a step-by-step procedure
that will be easy to understand and follow.
|