Ask Me Anything: 9 Questions for Your Real Estate Agent

Ask Me Anything 9 Questions for Your Real Estate Agent

Ready for one of the most significant decisions in your life? Yep – you’re about to buy or sell your own home. It’s a huge step and a massive investment, so you need to put it in the right hands.

The agents and virtual assistants you work with can make a big difference in your property investment in the real estate business. Competent real estate agents and real estate virtual assistants can make or break a sale. One thing to do when dipping into the real estate industry is to ask vital questions.

Whether buying or selling a home, you’ll need to make informed decisions to protect your investment. And to do that, you’ll need to be proactive. Before signing on with a real estate agency, ask these questions to know you’ve found an agent you can trust.

Before Signing On:

If you’re looking to partner with a real estate agent, get to know them first! And not just about their social media marketing or job description – but essential information, such as:

What experience do you have?

How successfully have they run their real estate businesses? How much management experience do they have? You don’t need to learn all their dollar-productive tasks or virtual assistant services, but you need to know how much experience they have in the real estate industry.

Check their reputation before you even meet your real estate agent. Please take note of their communication skills and confidence. Ask how long they’ve been in the real estate business and what sets them apart from the competition.

What were your last few local sales?

And also, can they give you references? Sales volume is all well and good, but if they are poor sales or underpriced, you don’t want to work with them. See specific sales results with complete listing details. You’ll be able to tell whether they’re lowballing you or pushing you too high.

How well do you know the local area?

That includes any local policies and regulations regarding property management. Do they know local government laws? Are they aware of the local market rates and performance? What about future development plans? If your prospective agent doesn’t have the correct information, they may not be a good choice.

Before Selling a Property:

Selling a home is an emotional choice, so you need to know that your agent and real estate virtual assistant is on top. Get a sense of how they’ll handle the sale with these questions.

Should I be selling now, and how is the local market doing?

Is the market value high right now, or will you get more value from your home by waiting a few months? Ask your agent about the most optimal time to sell your house to attract the best buyers. Sometimes the timing can be off, and you don’t get the offers you expect.

How do you plan to market my home?

Your real estate agent must have a comprehensive marketing plan involving social media management and other techniques. Can they create a listing video or portfolio to showcase your home’s best points? How will they style your house for potential buyers? If they give your home the proper exposure in the right ways, you can maximise the sale.

What are the costs involved?

A competent real estate agent will talk you through each step of the selling process, including any costs involved in selling your home. That includes legal, renovation, styling, marketing, and moving costs. There are also council fees and capital gains taxes.

Meanwhile, it would be best to inquire with your agent about their commission – whether it’s a flat rate or a percentage of a sale. Fortunately, this commission rate can incentivise your agent to sell the house for a higher cost.

Before Buying a Property:

If you are buying a home, you’ll want to know all the relevant information to make an informed decision. Don’t let someone scam you into paying more for less value.

Who owns the property, and why are they selling?

Understanding the seller’s motivations for putting their property up for sale can help you know the price and possibly negotiate for less. This is particularly viable if the owners are selling in a hurry!

Besides their reasons for selling, get to know the actual condition of the house. There may be underlying structural reasons for the sale, which you should be informed of before purchase, and this could influence both the price and your decision to buy.

What is the location like?

This ties in with how well your agent knows the local area. They should know what the neighbourhood is like – whether it’s busy or quiet, whether there are nearby commercial areas, whether there are redevelopment plans. Your agent should also tell you the general demographic, alongside any local trends.

Going closer to home, what are the neighbours like? Does the general environment suit your lifestyle? It would help if you visited the area, but your real estate agent should also keep you informed.

Are there similar properties on the market?

Asking this will let you compare prices and see the kind of prices you’d expect. You can then determine whether the selling price is realistic or if it indicates something is off. It also allows you to make a fair offer for the property.

Whether you’re buying, selling, or still undecided – asking the right questions to get the relevant information can give you more context. It’ll also provide insight into your real estate agent and their abilities. From there, you can make the best choices regarding your investment.

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More businesses around the world are outsourcing services to virtual assistants. From small- scale businesses to Fortune 500 companies, many have discovered and acknowledged why contracting virtual assistants is a good business strategy.

Virtual assistants are Internet- based professionals who are contracted to handle a specific task or set of responsibilities. They work from a remote location; usually from home and are generally considered self-employed or proprietors of a business that offers virtual assistance services.

Over the last 15 years, outsourcing has grown to become an important component in business development strategy. What was once viewed as a stop- gap measure to address cost reduction has evolved into a process that can actively contribute to revenue generation.

The exponential growth of outsourcing corresponds with increasing turbulence in the global economy. Political regimes are changing; new foreign policies are being enacted and economies are re-aligning their resources.

There is a growing trend among companies to integrate a remote staff member within their work force. In 2011, Yahoo! CEO Marissa Meyer introduced a remote worker plan where 10% of staff worked from home. A few years later Meyer increased the distribution to 15%.

While Meyer chose not to maintain the program, other companies such as United Health Group, AETNA, IBM, AMEX and Xerox started their own remote worker programs.

Contracting the services of a real estate virtual assistant can help with those non dollar productive tasks. From taking and making calls, preparing contracts, updating lists, arranging inspections and marketing.

If you can’t manage time efficiently, your productivity will suffer and ultimately affect your agency’s profitability.

There is an option that will enable you to exponentially increase your productivity.

The Virtual Assistant was once the best kept secret of successful entrepreneurs. However once Tim Ferris, Michael Hyatt and James Schramko shared how their online employees allowed them to grow their businesses, others wanted to experience the same successes as well.

But as with most professions, not every candidate who signs up can get the job done.

Increasing demand for virtual assistance work has blown open the doors of opportunity for those who want to cross over to the online profession.

If you want to maximize the benefits of outsourcing, you may want to outsource to Philippines. It has been the primary destination for global outsourcing since 2013 and its industry continues to grow at an annual rate of 20%. If you want to know “why”, here are 7 reasons you should outsource to the Philippines:

High Literacy Rate – At 98%, the Philippines has one of the highest literacy rates in the world. This is quite an achievement considering the Philippines is essentially a developing economy.

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