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

Seniors-documentary-Parents

Stricken by her mom’s death, Sikh filmmaker learns ‘to keep moving forward’

LARISSA CHAHUTE VANCOUVER DESI When Vancouver filmmaker Baljit Sangra’s mother suddenly died after being struck by a car, Sangra was so devastated that she wanted…
Continue Reading »

Royal Wedding

Aga Khan’s eldest son Prince Rahim and his wife Kendra Salwa Spears expecting their first child

VANCOUVER DESI The Aga Khan’s eldest son Prince Rahim and his wife Princess Salwa (Kendra Salwa Spears) are expecting their first child, the spiritual leader…
Continue Reading »

CIVIC ELECTIONS

Surrey mayoral candidates share city visions at first meeting

AMY REID VANCOUVER DESI SURREY — Surrey mayoral candidates met for the city’s first all-candidates meeting Thursday night at SFU. Six of the seven candidates…
Continue Reading »

LOCAL NEWS

Seniors-documentary-Parents

Stricken by her mom’s death, Sikh filmmaker learns ‘to keep moving forward’

LARISSA CHAHUTE VANCOUVER DESI When Vancouver filmmaker Baljit Sangra’s mother suddenly died after being struck by a car, Sangra was so devastated that she wanted…
Continue Reading »

CIVIC ELECTIONS

Surrey mayoral candidates share city visions at first meeting

AMY REID VANCOUVER DESI SURREY — Surrey mayoral candidates met for the city’s first all-candidates meeting Thursday night at SFU. Six of the seven candidates…
Continue Reading »

OTTAWA

Surrey MP Nina Grewal’s account of the shootout in Ottawa

NINA GREWAL SPECIAL TO IANS  When Canadian Prime Minister Stephen Harper was speaking at about 9.30 a.m. Wednesday in a caucus room of parliament, we…
Continue Reading »

Don't Miss...

student dead

Two dead, including gunman, in school shooting north of Seattle

DOUG ESSER THE ASSOCIATED PRESS MARYSVILLE, Wash. — A student opened fire in a high school cafeteria north of Seattle on Friday, killing at least…
Continue Reading »

attack on Parliament Hill

Ottawa shooter kicked out of Burnaby mosque two years ago

Zehaf-Bibeau was asked to leave the mosque, because he had “gotten a hold of keys and stuff from the mosque, and when he got out…
Continue Reading »

labour laws violation

U.S. company penalized for mistreatment of Indian employees working 122 hours in a week

MICHAEL LIEDTKE THE ASSOCIATED PRESS SAN FRANCISCO – A Silicon Valley company is paying more than $43,000 in back wages and penalties after labour regulators…
Continue Reading »

DESI-SOCCER

Surrey soccer captain played the U-18 national club championship using only one foot

KYLE BENNING SURREY NOW SOUTH SURREY – Kyle Sohi’s perseverance and performance in the 2014 Sport Chek National Club Championships U-18 Cup Final might go…
Continue Reading »

SURREY-FIELD HOCKEY

Barinder Rasode announces plan to develop field hockey pitch in Surrey

Third field at Tamanawis Park would cost approximately $3 million KYLE BENNING SURREY NOW NEWTON – Barinder Rasode and the One Surrey team were at…
Continue Reading »


Bollywood Latest

Stan Lee-Bollywood

Stan Lee plans Bollywood film on his first Indian superhero

VANCOUVER DESI Stan Lee, the legendary ‘Spiderman’ creator, is reportedly planning his Bollywood entry with a film on his Indian superhero character ‘Chakra: the Invincible’….
Continue Reading »

KANGANA RANAUT

Even my parents think I am weird, says Bollywood ‘Queen’ Kangana Ranaut

HINDUSTAN TIMES Kangana Ranaut has always made unconventional choices, be it her movies or the way she dresses. And the actor says she’s happy the…
Continue Reading »

Happy New Year-Bollywood

Happy New Year: Mandatory ‘formula’ and all those old Bollywood references

HINDUSTAN TIMES Film: Happy New Year Cast: Shah Rukh Khan, Deepika Padukone, Abhishek Bachchan, Boman Irani, Sonu Sood, Vivaan Shah, Jackie Shroff Director: Farah Khan…
Continue Reading »