5 Questions to Ask Before Hiring a Real Estate Agent to Sell Your Home


Maurie Backman | The Motley Fool

Whether you want to relocate for work, downsize, or get more living space, if you’ve been thinking about selling your home, now’s a good time to do it. Spring is prime season for listing homes in most U.S. markets, and with interest rates slowly but surely starting to climb, it pays to put your property out there when more buyers might have the opportunity to bite.

Selling a home, however, can be complicated, which is why many property owners hire a real estate agent rather than tackle it themselves. If you’re interested in going this route, here are a few key questions that’ll help you vet the professionals you speak with.

Professionally dressed woman shows a couple around a home

1. What fee do you charge?

Real estate agents don’t do all that hard work for nothing; they expect a commission, which will typically equal 5% to 6% of the price your home sells for. But there’s room for negotiation. When you talk to agents, see what fees they’re looking to charge and whether there’s wiggle room to come down a little. Even if you get a good feel for a certain agent, it pays to speak to others to ensure that the fee that person wants is competitive in your area.

2. What do you think my home is worth, and why?

It’s your real estate agent’s job to price your home just right, and that means doing research and knowing the local market well. As you look for someone to sell your home, figure out what methods that person is using to set a listing price.

Full article at The Motley Fool

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