According to the Real Estate Institute of Australia (REIA) which represents Australia's real estate agents and agencies, there are approximately 46,000 real estate enterprises that employ a total of 133,360 Australians. This indicates that you have a choice for your hiring real estate agent. How can you distinguish between good and bad agents? How do you hire top real estate agents in Australia?
The decision to sell your home is a crucial one and so is the choice of who will represent you during this process. Here are the steps to find a real estate agent who goes above and beyond your expectations
Too often, prospective sellers contact real estate professionals they know. They might have a friend or relative who works as a realtor and is willing to assist them. This might seem to be a wise decision at first because you have faith in your friend and want them to be successful in their career but sometimes there's a disconnect between personal and professional ties. Business and personal relationships don’t always work out.
An inexperienced real estate agent could end up costing you a lot of money. First, they don't have the necessary contacts, network or connections to find key properties or collaborate with other realtors to make their customers' bids stand out. As a result, you can lose patience with your friend, and your relationship could get affected.
A good friend will always respect that you wish to keep your personal and financial life different.
Why would you only meet with one real estate agent only? Employers don't interview just one job applicant before making a hiring choice. The real estate agent you select will help you make a competitive bid on a home you and assist you in selling your house for the maximum amount possible. Even the smallest adjustments in pricing can result in a sizable amount of financial savings.
Try to take interviews with at least 3 real estate agents prior to hiring them. Consult with them regarding the marketability and the estimated value of your home. Throughout the selling process, you'll probably deal closely with this person, so make sure you get along with their personality and professionalism.Â
What should you look for in a real estate agent?
.jpg)
Sellers should work with an agent who has experience selling homes of their type (such as single-family homes, condominiums, townhomes, etc.) and someone who has listed properties similar to the value of your home.
They must be familiar with the local market and capable of locating the ideal clientele. In order for the agent to understand their demands, buyers should pick an agent who works with clients who have similar home budgets.
Choosing the right real estate agent for your property can save you time, and money, and make the process of selling far less stressful. We have covered the points on how to compare real estate agents to help you find a real estate agent that you can trust to sell your home.
As opposed to selling your home on your own (FSBO), one of the key advantages of working with a real estate agent is how they use Marketing strategies and technology to highlight and sell your home. Real estate agents who are dedicated to their industry have access to 3D tour creation, aerial drone footage, and skilled photographers and videographers. In order to draw out buyers in a competitive market, they should also be able to present your home in the best possible way.
Discuss the strategies and technology your real estate agent might use to sell your house. It’s a bonus point if they have access to a large social media following and other online groups of potential buyers. They can leverage this to garner interest in your property and encourage buyers to bid on it.
It’s common knowledge that real estate agents usually charge on commission which is usually a percentage of the sale price. While there are many factors you should consider to determine which agent is â€"rightâ€, one of the biggest that most people stress over is the real estate agent fees and commission. You should discuss and finalise the commission rates your agent expects while selling your house when you meet with them.
In Australia, that’s usually in the range of two to three per cent. Often some real estate agents offer a discount. You can negotiate the commission rates based on their expertise and experience as well.Â
As a seller, you’ve to pay the commission to your real estate agent in the transaction. When selling an AU$500,000 home, a homeowner will pay a commission of AU$18,000 at a 3 per cent rate but when negotiated, they only have to pay AU$10,000 at a 2 per cent. Meeting with several agents is worthwhile in order to discuss possible commission fee negotiations.
You can browse reviews of the agency you might hire in a variety of ways. The first is to look at internet reviews on Facebook and Google. However, you can also request references and client testimonials from your possible agents. You might be able to ask questions regarding the experience, and the answers might be more in-depth than a simple internet evaluation.
You must meet each real estate agent with an unbiased mind to learn more about them. Only then you can weigh the advantages and disadvantages of various real estate agents.
Instead of conducting a search on Google and sorting through thousands of testimonials on the internet, the best way to find and compare real estate agents in your area is through a specialised service or platform.Â
At AgentSelect, we have an algorithm that is built with homeowners and sellers in mind. Fill in your property location and our system will comb through hundreds of real estate agents in your area to find the top agents for your needs. These agents will also specialize in your home type and budget. You can also start by estimating the cost of selling your home and receive a free property report.
Think twice before selecting your agent. This is one of the biggest financial decisions of your life so choose a real estate agent who is the finest in their profession. Spend some time finding, speaking with, and choosing the ideal real estate agent for your requirements. Finding the ideal agent could take a little longer, but the outcomes will be worthwhile.
If you’re ready, try AgentSelect to find the best and most competent real agents in your area.
Save thousands using our property reports, online comparison, and expert agent appraisals.
Compare Real Estate AgentsCheck your phone for a verification code.
