The real estate market is booming, and there are more options than ever when choosing a real estate agent. Reports state that the global real estate market was valued at $6,872.8 billion in 2018 and is projected to reach $8,662.2 billion by 2026.
An expert agent can help you find the right property, negotiate the best price, and get the best deal possible. Here are five essential tips to help you choose a real estate agent like https://www.blackshaw.com.au
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1. Are They Licensed And Insured?
When you choose a real estate company in Australia, you should ensure that they are licensed and insured. It will protect you in case anything goes wrong during the process.
The Australian Real Estate Association (AREA) is an excellent place to check if your potential agent is licensed.
You should also check that they have the right insurance in place. It includes public liability insurance and professional indemnity insurance.
a) Public Liability: This protects you if your agent damages your property while working on it.
b) Professional Indemnity: Here, your agent is protected against any legal action that might be taken against them
If an agent cannot provide proof of both licenses and insurance, move on to the next one on your list.
2. Do They Have Experience In The Local Market?
The real estate market is constantly changing, so choosing an agent with their finger on the pulse is essential. They should provide you with up-to-date market trends and insights and have a strong understanding of your local area.
The market trends will include:
-The direction of the market ( whether prices are rising, falling, or stabilizing)
-Current median prices
-Days on market
-Rental Yields
An agent with local market knowledge will advise you on the best way to approach buying or selling in your area and help you avoid any potential pitfalls in the process.
3. What Kind Of Support Do They Offer?
Some services you can expect from a real estate agent are 24/hour availability, help with paperwork, and regular updates on the status of your sale. Others might offer more unique services, like home staging or advice on how to best prepare your property for sale. Regardless of what kind of support you need, make sure your agent is able and willing to provide it.
4. What Are Their Fees?
Many property managers will charge a flat rate. In contrast, some may charge a percentage of the weekly rent for landlords with multiple properties to go with a property management company that charges a flat rate. Be sure to ask about any additional fees that may be charged for things like inspections, marketing, or tenancy agreements.
5. Check Their Communication And Negotiating Skills
One of the most important aspects of choosing a real estate agent is finding someone who communicates well and can negotiate on your behalf. You want an agent that will keep you updated throughout the process and fight for the best possible outcome. When interviewing agents, pay attention to their communication style and see if it aligns with your own needs.
Final Thoughts
When it comes time to sell your home, it’s essential to choose a real estate agent that you can trust. By following these five essential tips, you can be sure that you’re making the best decision for yourself and your family.
