Erickson Tribune

Ann's Choice

UPDATED: Thursday, October 25, 2007

Don’t get left in the dust

Posted on Wednesday, October 25, 2006
 

By Mark Abromaitis

THE ERICKSON TRIBUNE

You’ve decided to take the plunge and sell your house. According to Ann's Choice Retirement Counselor Donna Donohue, houses generally sell faster with a listing agent.

So how do you find a trustworthy real estate agent?

“Simply trust your instincts and do your research,” Donohue says. “You should pick a real estate agent like you would pick a bank. Ask around and ask lots of questions.”

She also offered the following bits of advice:

1. Start with referrals.

Ask for recommendations from family members, your lawyer, or neighbors who recently sold their homes. “If others had a good experience, you probably will too,” Donohue says.

2. Look for experience.

Experience is important in the real estate business. An agent who knows the market well and is “plugged in” to the community is more likely to get you the best possible price.

3. Is the agent full-time or part-time?

A full-time agent has more time to devote to your property and may be more committed to selling your house than someone who is selling real estate as a side job.

4. Find a successful local agency.

“A proven track record and familiarity with your neighborhood means a lot in a competitive market,” Donohue says.

5. Interview several agents.

Ask for a resume and references from previous  clients. Determine if they are someone with whom you would be compatible. “Having good communication is key. Make sure you both have the same thoughts about the value of your home,” Donohue says.

6. Make sure the agency uses the Multiple Listing System (MLS).

This system allows its members to post listings for all agents to see, giving your property maximum exposure to the market.


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7. Realtor or real estate agent?

A Realtor is simply a real estate agent or broker who belongs to the National Association of Realtors (NAR). The NAR’s members are held to a code of ethics that may provide you some assurance that you will be treated fairly.

8. Talk turkey.

Once you’ve chosen your agent, Donohue recommends negotiating the broker’s commission before listing your home with an agency and signing for a limited time (three to six months is typical).

Your agent will be your personal real estate advisor, so he or she should be present at all contract negotiations. Doing this type of research is time consuming, but remember, you are entrusting one of your most valuable possessions to your agent. Take your time and choose wisely.



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