REAL ESTATE: How to pick a good Realtor® to sell your home

Published: December 7, 2012

Doing your homework on realtors will save potential headaches later on. Ian Smith/PNG

MAYUR ARORA
VANCOUVER DESI

As a Realtor® I have been interviewed by clients many times. Over the years I have concluded that it is not the top Realtors® that always have the most time for you. Picking the right Realtor® can be the difference between a successful sale and a stale listing. You should consider how hot your property is, before you decide to go with a particular agent. If you have an extremely sellable property then perhaps going with a Flat Fee listing agent might make the most sense. If you are either not inclined to do it yourself or do not have the time then pick an agent that actually does have the time and/or the management to do that.

Here are the five most important things you must consider before hiring a listing agent:

  • Check with the Realtor® if they will cooperate with the buyer’s agents. A lot of listing Realtors® get the listing and do not want to cooperate with other agents so that they can make the entire commission i.e. listing commission and the buyer’s agent commission. This is, of course, unethical and not acceptable but it happens more often than you think.
  • Check to see how long the Realtor® has been in business. A more established agent with a lot of experience may be busier and hence may devote less time to your listing as compared to a rookie who may not be as experienced but may be able to spend more time and hence do a better job. Every brokerage is required to have a managing broker that is responsible for the affairs of the brokerage. Every Realtor® can access their managing broker to get guidance and help when needed. Oftentimes the busy Realtors® just get the listing and then pass you on to a team member with a lot less experience. Make sure to ask who you will be in touch with after the listing is active.
  • Call the Real Estate Board and the Real Estate Council to see if the Realtor® is in good standing.  You can check the Real Estate Council (regulatory body that controls the activities of the Relators® in BC) www.recbc.ca
  • Ask them their game plan beforehand. How did they come up with the price? What commission is being offered to the buyer’s agent? This is the most important component after the listing price. If the incentive to the buyer’s agent is low then obviously the agents would shy away from your listing. You want to offer a good commission to the buyer’s agent to entice them to show your property. You can perhaps even negotiate a lower commission if the listing agent finds their own client since they will stand to make nearly double the commission.
  • Ask for references. You could perhaps be more proactive and ask specifically for the last few transactions and what the circumstances were. Make a call and ask the sellers about their experience with the Realtor®. This call could save you a lot of trouble at a later date. Often times Realtors ® will not release you from the listing and it creates a very unpleasant scenario for the home seller.

Picking the right agent is extremely important. Remember you only get one chance to make a good first impression. A new listing is only hot for about three weeks or so after that it becomes stale and gets overlooked more often than not. An old listing also becomes synonymous with “something must be wrong with this property and that is why it has not sold” phrase. Get a good Realtor® that will work in your interest and will do a good job for you. Selling a home is not rocket science and can be managed well but a few simple steps in the beginning can save you a lot of headache later on.

 Mayur Arora is ranked Number 2 Realtor® (Sales) in Greater Vancouver in 2011. You can contact him at info@oneflatfee.ca or visit www.oneflatfee.ca

 

 


Tags: , , , ,





Featured

Abbotsford's Ravinder Singh Atwal has been identified online as the truck driver who died in a truck crash on Highway 99 near Delta on Wednesday. The Abbotsford father was killed when his dump truck hit the highway median and burst into flames. Submitted photo/Facebook.

Abbotsford trucker killed on Hwy 99 remembered as ‘one of the nicest guys’

GLENDA LUYMES VANCOUVER DESI An Abbotsford father killed in a fiery crash on Highway 99 is being remembered as hard-working and friendly by fellow truck…
Continue Reading »

A man reads the latest issue of French weekly newspaper Charlie Hebdo bearing a cartoon of Prophet Mohammed at a French bookseller in Abidjan on January 19, 2015. SIA KAMBOU/AFP/Getty Images

Mumbai police arrest newspaper editor for reprinting Charlie Hebdo cartoon

VANCOUVER DESI Mumbai police have arrested and since bailed out the editor of an Urdu language newspaper for reprinting a Charlie Hebdo cartoon of the…
Continue Reading »

Indian spectators watch as a float carrying a sign that reads "Congratulations! It's a Baby Girl" passes by during the Indian Republic Day parade in New Delhi on January 26, 2015. The float represented India's Ministry of Women and Child Development.  An estimated 26 million babies are born anually in India, a country considered to be one of the worst places to be born a girl because of a societal 'gender gap' that favours boys and preferences for male children. ROBERTO SCHMIDT/AFP/Getty Images

Father in India arrested for attempted murder after trying to bury his daughter alive

VANCOUVER DESI A father in India has been arrested for attempted murder after he tried to bury his 10-year-old daughter alive, according to Britain’s Daily…
Continue Reading »

LOCAL NEWS

Abbotsford's Ravinder Singh Atwal has been identified online as the truck driver who died in a truck crash on Highway 99 near Delta on Wednesday. The Abbotsford father was killed when his dump truck hit the highway median and burst into flames. Submitted photo/Facebook.

Abbotsford trucker killed on Hwy 99 remembered as ‘one of the nicest guys’

GLENDA LUYMES VANCOUVER DESI An Abbotsford father killed in a fiery crash on Highway 99 is being remembered as hard-working and friendly by fellow truck…
Continue Reading »

Opposition Muted to Harper’s New Anti Terror Bill

BY Ujjal Dosanjh Special to Vancouver Province I smell an election coming. Not in October 2015; much sooner than that. Harper has just unveiled the…
Continue Reading »

Opposition parties treading carefully on new anti-terror legislation

By Stephanie Levitz THE CANADIAN PRESS OTTAWA — Anti-terrorism legislation introduced by the Conservative government Friday received a cautious reception by the opposition parties who…
Continue Reading »

Don't Miss...

Vancouver-BC

Raise your hand, send us a selfie and make a statement against racism (with video)

VANCOUVER DESI Vancouver Desi’s digital anti-racism campaign, Raise Your Hands Against Racism, officially kicked off Thursday, with people across the Lower Mainland sending in selfies…
Continue Reading »

File photo: Curry chicken on rice. Sam Leung/PNG

Spicy treats on menu as 8 chef teams battle for Vancouver’s second-annual Curry Cup

VANCOUVER DESI A group of Lower Mainland chefs are set to go head-to-head with their South Asian cooking skills as they gear up for Vancouver’s…
Continue Reading »

Shah Rukh Khan, Abhishek Bachchan, Deepika Padukone, Sonu Sood and Boman Irani in a still from the Bollywood film Happy New Year.

Indian expat avoids stalking conviction by blaming Bollywood for his behaviour

IANS Sydney  – An Indian man’s excuse that Bollywood love stories encouraged him to excessively approach and stalk women helped him avoid conviction in the…
Continue Reading »

File photo: Commuters hang by doors of a crowded local train in Mumbai, India, Tuesday, July 8, 2014. Three men were killed on Monday after they attempted to take a selfie by a moving train near Agra. AP Photo/Rajanish Kakade

College students killed while attempting train selfie in India

VANCOUVER DESI Three college friends on their way to India’s Republic Day celebrations were killed by a speeding train after they tried posing for a…
Continue Reading »

Screen shot of Shah Rukh Khan's first video tweet. Submitted.

Shah Rukh Khan sends out India’s first tweet using Twitter’s new mobile video camera

VANCOUVER DESI Bollywood superstar Shah Rukh Khan was the first-ever Indian to use Twitter’s freshly launched mobile video camera. Twitter announced the new feature on…
Continue Reading »


Bollywood Latest

Akshay Kumar

Askhay Kumar offers martial arts training to visually impaired girls

PRASHANT SINGH HINDUSTAN TIMES Last year, Akshay Kumar — who was a professional martial arts trainer before he started acting — launched an initiative to…
Continue Reading »

Shah Rukh Khan (L) and Kajol (R) are rumoured to be appearing in the next Rohit Shetty film. Getty Images.

Rohit Shetty tightlipped on SRK, Kajol casting rumours

IANS Mumbai — Bollywood’s blockbuster director Rohit Shetty is remaining tightlipped on rumours he’s managed to rope in a casting coup of Shah Rukh Khan…
Continue Reading »

Bollywood sex

Sonam Kapoor never planned to use her father’s fame to jumpstart her Bollywood career

IANS Mumbai  – It’s always thought that Bollywood’s star children have it easy, but actress Sonam Kapoor says that at the start of her film…
Continue Reading »