The five questions to ask when selling
THINKING of selling your property?
The right real estate agent will act as your property partner and advise you on market and compliance, make sure you are aware of all facts to make informed decisions, ensure you receive a fair price for your property and guide you through the entire transaction.
But there are still things you need to know when it comes to this major transaction, like the costs involve with selling, how the property will be sold and how your real estate agent will handle the sale.
>> READ MORE: WHAT TO LOOK FOR IN A REAL ESTATE AGENT
Therefore, here are the five questions to ask your real estate agent when it comes to selling your property:
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What are the costs of selling?
Ask your real estate agent to explain all the different costs involved with selling your property.
Conveyancing, marketing and the real estate agent’s fee or commission are the three main costs when selling a property.
But there might be others you’re not aware of.
Instead of being hit with hidden costs at the end of the transaction, ask your real estate agent at the start to list all of the costs involved.
After all, this is what you are paying your real estate agent for: their industry expertise and guiding you through this transaction.
Some real estate agents charge a flat fee, others a commission. A flat fee is a fixed price that the real estate agent will be paid regardless of what the property sells for. While a commission fee is a percentage of the final sale price that gets paid to the real estate agent.
When choosing a real estate agent, don’t base your decision based purely on their fees. You are choosing the best candidate to guide you through this major transaction, so pick a real estate agent based on the best fit.
And be sure to ask your real estate agent about their selling costs before signing anything.
To learn more about Baileux’s agent fees, contact us to discuss and obtain a free market appraisal of your property.
2. Are there any concerns with my property?
Asking your real estate agent if they have any concerns about your property is an important question.
It allows your real estate agent to raise any legitimate issues or concerns they have about your property and open discussions on how they can be rectified.
Understanding any drawbacks your property might have and how they can be rectified before your property goes on the market means you obtain a more realistic idea of the property’s market value.
At Baileux, as your real estate agent, our focus is you. To help you sell your home, we are highly communicative and ask all the right questions to understand your motivation for selling to get you the best outcome possible. We are confident that we will impress you with our uniqueness, dedication and client focus. Call us to learn more.
>> READ MORE: HOW WE GO ABOVE AND BEYOND TO ADVERTISE YOUR PROPERTY
3. How will my property be sold?
There are two main ways to sell a property: by auction or private treaty.
Auction is where your property will be sold to the highest bidder while a private treaty sale is where you set the price you want for their property.
Your real estate agent will be able to advise you on the pros and cons of both and the best method for your property in the current market.
Location, market conditions and concerns are all factors when choosing the right selling method for your property and your real estate agent will use their industry experience and local knowledge to advise you on that.
At Baileux, we provide a professional, friendly service to all vendors and pride ourselves on our dedication which results in great sales results. You can be assured at Baileux we, have your best interests at heart.
4. How is the area growing?
Sometimes the growth of an area is obvious, there are for sale signs everywhere, and other times it is not.
Knowing if the area your property is in is growing is important to know because it too will impact the asking price and the bottom dollar you receive.
Your real estate agent should have a firm knowledge of the area and be able to tell you how quickly the location is growing. Less obvious signs of growth are things like small businesses opening and neighbourhood activity, which your agent will be able to pick up.
At Baileux, our real estate agents have lived in Mackay since 2011 and live and breathe the wonderful Mackay and Whitsunday communities, providing you with invaluable advice on the local property market.
>> READ MORE: HOW TO CHOOSE THE RIGHT REAL ESTATE AGENT
5. How will you market my property?
In this day and age, marketing a property often involves internet listings, social media marketing, newspaper advertising and local signs.
But it can be even more comprehensive and include other elements like professional styling, professional photography and copywriting.
Your real estate agent will be able to advise you on the right combination to create a bespoke marketing plan that provides maximum exposure to get you the best possible price.
At Baileux, we go above and beyond routine advertising. We are tech-savvy, highly creative and utilise several different advertising mediums to efficiently and effectively advertise our properties for sale.
If you are thinking about selling your property, call our experienced and local team at Baileux to discuss your needs and learn just how we go above and beyond to get you a great sales result: phone (07) 4829 4816.
Benjamin Molineux – licensee and director
Baileux Real Estate
