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

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

The Enver Creek Robotics Club prepares for a recent competition. The club is in Anaheim this week competing at the worlds. Submitted photo via Surrey Now.

Surrey robotics team off to the world championships

KATYA SLEPIAN SURREY NOW SURREY — It’s a long way from a club in Surrey to the world robotics championships but having already gotten there…
Continue Reading »

Canada-India-Sikhs-Whites

Community outraged over ‘racist’ poster making rounds in Brampton

VANCOUVER DESI Members of the Brampton community have taken to Twitter to express their outrage over a crude and “racist” poster filtering through the city….
Continue Reading »

Crime-Vancouver-BC

Surrey Six trial: Ex-gang leader Michael Le fails to get ban on his name and names of Triads for cross-examination

KEITH FRASER VANCOUVER DESI Former Red Scorpions gang leader Michael Le, arguing that there were threats against his life, has lost a bid to have…
Continue Reading »

LOCAL NEWS

Kenney acts amid temporary foreign workers scandal

By Lee-Anne Goodman THE CANADIAN PRESS OTTAWA — Amid a roar of criticism, Employment Minister Jason Kenney took action Thursday against the government’s scandal-ridden temporary…
Continue Reading »

Kenney acts amid temporary foreign workers scandal

By Lee-Anne Goodman THE CANADIAN PRESS OTTAWA — Amid a roar of criticism, Employment Minister Jason Kenney took action Thursday against the government’s scandal-ridden temporary…
Continue Reading »

Kenney acts amid temporary foreign workers scandal

By Lee-Anne Goodman THE CANADIAN PRESS OTTAWA — Amid a roar of criticism, Employment Minister Jason Kenney took action Thursday against the government’s scandal-ridden temporary…
Continue Reading »

Don't Miss...

NRI diaspora

Bride dumps addict NRI groom on wedding day

VANCOUVER DESI In Jalandhar, a  city dominated by NRIs, a woman dumped her newly wedded NRI husband after becoming suspicious that he was a drug…
Continue Reading »

Justin Bieber

Narendra Modi gets more ‘NO’ votes than Justin Bieber in TIME poll

IANS New Delhi – BJP prime ministerial candidate Narendra Modi had many more “NO” votes than Canadian pop singer Justin Bieber and polled far fewer…
Continue Reading »

Religion

British tourist to be deported from Sri Lanka for sporting a Buddha tattoo

THE ASSOCIATED PRESS COLOMBO, Sri Lanka — Sri Lankan authorities will deport a British tourist for having an image of Buddha tattooed on her arm,…
Continue Reading »

India-Australia

Indian student granted asylum in Australia because he’s gay

IANS Sydney – A gay Indian student, who fled his country to escape his oppressive family and an arranged marriage, has been granted refugee status…
Continue Reading »

Desi Dad

Single dad smuggles daughter in suitcase from Morocco to Spain (w/video, photos)

CEN AGENCY A Moroccan dad who tried to smuggle his daughter into Spain by hiding her in a suitcase so that she could have a…
Continue Reading »


Bollywood Latest

Siddharth

Indo-Canadian film Siddharth wins Best Film at Beijing International Film Festival

HINDUSTAN TIMES An Indo-Canadian film project, Siddharth, won the best film award at the 4th Beijing International Film Festival (BIFF), ahead of favourite, China’s martial…
Continue Reading »

Bollywood

Gallery: Bollywood stars keep their date with the ballot box

VANCOUVER DESI Bollywood stars Aamir Khan, Shah Rukh Khan, Amitabh Bachchan, Aishwarya Rai and hubby Abhishek Bachchan, Farhan Akhtar and Sonam Kapoor were among a…
Continue Reading »

Film Review

Kaanchi: Epic tale of women’s empowerment (w/trailer)

SUBHASH K. JHA IANS  Film: “Kaanchi”; Cast: Mishti, Kartik Aaryan, Chandan Roy Sanyal, Mithun Chakraborty, Rishi Kapoor; Directed by Subhash Ghai; Rating: **** Subhash Ghai…
Continue Reading »