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What makes a good estate agent in Canary Wharf?

Selling a home is a major undertaking in every sense and it’s essential to select an estate agent that you are confident will get you the best price and most likely sale. This guide to selecting an agent that is the most suitable will provide aspects to keep in mind when narrowing your choices However, prior to making a decision, what are you going to be seeking and what questions are you supposed to ask?

We believe that there are three essential qualities estate agents in Canary Wharf must have:

A comprehensive list of buyers who could be interested in your home
An ability to take initiative and contact the buyers
Marketing skills that will present your house in the most favorable possible light

1. The number of buyers who could be interested

Any estate agent is able to place a picture of your house in their windows, post your property’s details in Rightmove and then make sure they cross their fingers. However, a competent agent will think of prospective buyers the moment they come across your property. That’s why it’s essential to select a firm which sells a lot of similar properties to yours. They are likely to have names of those who were interested in the houses they sold and therefore are likely to be attracted to yours.

2. The desire to take initiative

This list of buyers will only be beneficial when the estate agent is capable of putting into practice the task of telling them about your home. Estate agents are humans, and they’ll prefer to pursue the easiest sales first this could, for instance it is a house that has seen a drastic reduction in value because the seller is desperate.

Similar to that, although you’ll be looking for an agent with plenty of buyers in their portfolio However, you do not want them to own numerous properties that they aren’t able to devote enough time to the ones you want.

3. Marketing skills

You’re trusting the estate agent to present an enticing sales pitch for your house and you must be sure that they will do a the job well. This is why it is crucial to interview an agent. Are they genuine and competent? The recommendations of your friends and neighbors are helpful but the most effective method to gain an understanding of how the estate agents interact with clients is to act as the buyer. If you make it appear that you’re searching for a home like yours, what will they have to show you? What’s their local knowledge as?

Agents can be asked questions about

After narrowing your list down to few estate agents, you can invite them to complete an assessment of your property. This also gives you the chance to meet with each one since you’re the one offering them a chance to earn a living. Here are some questions you need to ask:

Which similar properties have you sold recently and when?

Estate agents ought to be able to provide examples of houses similar to yours, and with similar prices. Check to see if they’ve sold recently. It’s not worth relying on prospective buyers who were on the books of the agent several months ago, because they may already have bought a house.

How many visits are similar properties receiving?

If the company has an identical property to yours listed on their books, ask them on the level of interest. How many visits did that property receive in the past week? Do not be afraid to ask questions of agents as you will be trusting them with the destiny of your most precious asset.

What is the size of the team? What are their compensation structure?

The amount of employees on the estate agent’s staff is a vital aspect to examine, in order to make sure they have enough time to concentrate on the sale. Also, it’s important to ask if they work with a pooled commission or an individual one. While it could appear that agents who earn commissions on their own sales will be more efficient but it may affect their willingness to share potential buyer leads with colleagues. If they share commission pool, they’re more likely to turn down potential buyers who might be ideal for your home and will work in a group to give the best result.

What’s the cost?

Check out the typical commission rates and whether there’s room to negotiate. Our guide about how you can negotiate commissions will go over this more in depth Be aware that the percent is not the end all be all. It is not worth negotiating over a tenth of a percent if your agent is unable to locate a buyer, and you have cut the price in order in order to sell.