Selling Investment Property- 4 Things To Ask A Realtor
Looking for a realtor to sell your investment property could be a colossal decision, as selecting the wrong one may cost you a lot of time and money. Just as you would screen impending tenants before selecting the right one, you must also relate the same tactics when choosing a prospective realtor. Here are four questions you need answers to before you hire one:
#1. Have you worked with this type of investment property before?
A person might be an accomplished realtor, on the other hand might not have the special skills for selling your property. Endeavoring to sell a retail property is totally diverse from selling a single family home. A Realtor who has had success selling properties worth 2-3 hundred CAD, may be at a loss for finding buyers for a property worth a 1 Million CAD. It’s important to know the kind of properties the realtor has proficiency in.
#2. How Much Do You Demand as a Commission?
When you hire an individual to work for you, you need to know how much the person will be paid for their services. Realtors usually do not charge a flat fee for selling properties, on the other hand, may ask for a percentage of the sale price of the home. You will need to be very clear as to how much any potential agent is asking for.
Knowing how much you pay your realtor as a commission will help you in decide if they are the best choice for you. Dredge up that if you are targeting to make a yield, the realtor’s commission could considerably eat into your gains.
#3. At What Price Will You Sell My Property?
When cross-examining probable realtors, you’ll need to ask them how ample they think your investment property is worth. It is indispensable to ask this question of every potential realtor you interview, as they may have different valuations of your property.
#4. How Will You Sell the Property?
You should ask prospective realtors how they propose to market your property. Will the Realtor create open houses or will they do personal displays? These are the sort off questions you will need to ask.
You should also converse with your realtor on selling options, such as putting your property on auction websites. You have to be contented with the way a realtor aims to advertise your property before you agree to give them the deal.
J C Loum
