Imagine trading in your car at first dealership you see, without shopping around. That wouldn’t make sense.
Yet three out of four Vancouver home sellers consult just one realtor to sell their most valuable asset.
Always Second Guess Your Home’s Valuation
An experienced real estate agent’s second opinion unlocks your home’s full value.
Not all agents are the same and you want to hire one to have full confidence and trust. A no-pressure second opinion from an experienced real estate agent like myself, unlocks your home’s full value.
Learning to compare and contrast realtors, determining the strengths they bring and having work to sell you on those strengths, you’ll earn a higher return on profits and satisfaction.
A few extra hours of legwork can earn you tens of thousands dollars more.
Why Choose Michael Tudorie For A Second Opinion?
As an owner and investor, I believe in extracting maximum value from my investment, minimizing surprises, hassles and legalese.
As a Vancouver realtor, I spend time educating my clients so they can maximize their investment, not my commission. And as a homeowner, I know which home improvements can significantly bolster returns, and which ones do not.
I’m always happy to provide Vancouver home buyers a second opinion and helpful advice, some of which is conveniently below!
Considering a move in 2018? Here’s 10 top reasons to contact a realtor sooner than later:
- Get Vancouver real estate analysis and outlook from a dedicated professional. Vancouver’s local media generalizes and reports only the sensational aspects of the real estate market.
- Your street or neighbourhood market determines the final sold price because there are valid reasons why buyers would be willing to pay top price for your home vs one across the street (like people, no home is the same as another). Get personalized, expert advice that matters to you.
- Clarify any misconceptions or unknowns. Sometimes, neighbours or friends may have the right intentions, but the wrong advice.
- Knowing when to list. An expert Vancouver realtor knows the ‘low periods,’ such as civic and international holidays, as well as dates like January 21st (when everyone’s Christmas bills arrive)
- If you don’t know where to start, Vancouver real estate is overwhelming. A good realtor takes the overwhelming process, breaks it into easy steps and ensures you’re comfortable with the whole process.
- Many buyers and sellers spend six months average researching online, and less than 12 weeks working with an agent. Ideally, that timeframe should be reversed, with buyers and sellers working closely with a realtor and learning valuable lessons that cannot be acquired online.
- The sooner sellers learn from their realtor what home improvements yield higher returns, the less they’ll likely spend on them.
- If de-cluttering is necessary, assigning plenty of time to the task will save money and stress.
- Find a realtor who is active, representing a number of buyers and sellers in the past year. Realtor’s who are ‘out of the game’ will have less experience negotiating on one of your’s most precious investments.
- 10. Find out if you should sell or buy first. A realtor helps guide your decision, mitigates stress and helps you choose correctly. Is it best to buy pre-sale? Build your own? So many decisions!
Want more helpful tips? I provide a FREE, no obligation real estate presentation on effectively marketing properties. This is perfect to help you ask the right questions and decide on a realtor who’s right for you!
Contact me at email@example.com
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Choosing the right real estate agent to work with is the most critical decision you’ll make when deciding to sell your Vancouver area home. The market moves quickly in this area and there are many factors to consider when determining if an agent is the right fit for your specific needs.
Here, we’ll discuss some of the things you’ll want to ask an agent before deciding to engage them to list your home for sale. The questions you’ll want to cover during your interview fall into 3 main categories: Experience, Strategy, and Results.
- How long have you been selling real estate?
While this is not the most important factor when evaluating an agent’s competence, you do want to be confident that they have some experience and results to back up their pitch for your business.
- How many listings do you have at this time?
If the agent has no current listings, is it because all their listings are sold? When is the last active listing they had? What was the result? Did the property sell? If so, what percentage of the asking price did the property sell for?
- What is your average listing price to sale price percentage?
In this case, the higher the number, the better. If your potential agent sells their listings for close to or over asking price, that’s generally a good indicator that they’re an effective negotiator. These numbers will typically be higher when the market is moving quickly and demand is high.
- What is your plan of action to market my home?
Selling real estate entails a lot more than simply putting a sign on the lawn and listing a property in the MLS. What specific marketing strategies do they plan to use to get your property maximum exposure in the Vancouver real estate market?
- How will you promote my property?
In addition to online promotional strategies, a marketing-savvy agent will have a wide network of other agents in the local – and possibly international – markets, and a database of buyers to reach out to when marketing your home. They may also advertise your home in print media such as newspapers or specialty real estate publications depending on the type of property. A pro-active rather than passive approach is key to selling quickly for the best price.
- What web sites do you use for marketing a property?
Simply marketing on an agent’s personal web site will not bring your property the exposure it needs to get in front of as many buyers as possible. You’ll want your property to be advertised on multiple local, national, and international web sites to ensure as many people as possible can see your property’s listing.
- Do you use a home stager and professional photographer?
Statistics clearly show that homes that are professionally staged and photographed sell faster and for more money than those which are not. Staging and professional quality photography helps put your property’s best face forward and highlights space, layout, and features.
- Do you update your clients on a weekly basis?
Your agent should let you know in advance how often they’ll update you about the results they’re delivering in the form of phone and email inquiries, sign calls, open house visitors, and showings. Usually once per week is typical for your agent to touch base with you and let you know how things are going. Offers are time-sensitive and should be presented to you right away.
- What market share does your company or organization have in this area?
While your primary concern should be with the experience and rapport with the individual agent you’re considering, brand recognition can help boost exposure for your property. For example, RE/MAX agents have a consistent reputation for selling more homes for higher prices than other brokerages. RE/MAX advertises extensively in both online and offline media.
- Do you have a personal assistant or team to help oversee every transaction?
Some agents work as part of a team, while others work independently. However, all agents must be licensed through a brokerage and their work will be overseen by the managing broker in their office. This means that even single agents have the support and resources of an established brokerage behind them through every step of the transaction.
- What is your track record of success?
What percentage of the agent’s listings sell while listed with them? What’s their average days on market for homes they have listed? Homes that are well-priced will sell within a relatively short period of time under normal market conditions. If an agent’s listings are not selling, or are taking a long time to sell, it may indicate that their pricing is off.
- How many homes have you sold in this neighbourhood?
Some sellers prefer that their agent has experience selling properties in their specific neighbourhood. While it’s not necessary for an agent to have sold a house on your street for them to have the skills they need to sell your home, it does make sense for their sales experience to include nearby neighbourhoods so they have a good handle on the market in your area. For example, an agent from the Fraser Valley may not be as familiar with the Kitsilano or Shaughnessy areas of Vancouver as an agent who works primarily in Vancouver.
- What commission do you charge?
This may seem like a case where the lower the commission charged, the better. That’s not always true. Some agents offer lower commission rates for their services, but cut back on the service they offer as a result. Ask yourself this question: What is most important to you – getting the most money in your pocket at the end of the transaction, or paying the least amount of commission? Often, full commission agents produce better results for clients due to their more extensive marketing efforts and wider network of contacts.
Choosing the right realtor for you depends on many factors. If you get answers to these questions, you’ll be well on your way to making a well-informed decision based on your specific needs.
How Will Your Property For Sale in Vancouver Stand Out?
When you’re about to sell your home, it may be disheartening to see so many other properties for sale in your neighbourhood. You may be thinking, “That’s a lot of competition! Will our property get noticed?”
Fortunately, there are many proven strategies for standing out in a sea of For Sale signs.
First of all, keep in mind that many home purchasers come from the REALTOR’S personal network of buyers who want to move into your area. So, choosing the right REALTOR® is crucial.
Curb Appeal is Key to Selling Your Home
Second, remember that when there are other properties for sale on your street, curb appeal becomes even more important. There are many simple things you can do to make your property look great to those driving around looking at homes. Make sure your property looks as picture perfect as possible.
In a competitive market, it’s also more important than ever to highlight features of your home that are unique and enticing. If, for example, you have a large backyard deck and brand new hardwood flooring, make sure these are mentioned prominently on the feature sheet.
Show Your Home as Often as Possible
Finally, be as flexible as you can be when scheduling viewings and open houses. Don’t forget that other listed properties in your neighbourhood draw in buyers, who may notice your home. It’s not uncommon for a buyer to view a property and then scout the neighbourhood. So, you want buyers to be able to see your home on short notice and at a convenient time for them. If there are several other nearby properties for sale, it means things are hot from a real estate point of view. You want to roll out the red carpet to buyers.
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When searching for a new property to buy and move in people often forget to ask the real estate agent something important, which may get them really overwhelmed. This is why making a list of questions in advance is an excellent idea for your house hunting preparation. In case you think you will not have time to write down the exact questions to ask, you can at least highlight the basic themes you want to speak with your agent about. This will help you go more easily through the purchasing process and will prevent you from regretting your choice when you have already moved in the new home.
Of course, you should not think that you will learn everything you want to know about the property from the first time. There is always a chance of forgetting something due to the dynamic atmosphere or the need of fast relocation. Sometimes the agent may also not be able to answer you immediately if the house owner has not provided enough information about the certain issues that bother you. Buying a house might be a long and difficult adventure and there is no doubt that the questions are numerous. Yet, you can deal successfully with this tough task if you do your homework and prepare yourself carefully. The following questions are only a few examples of what you should not forget to ask the real estate agent:
Q1: Whether the agency will negotiate with the seller on your behalf or is it only a "one way" agency? You have to know if they will communicate with both parts or will they speak only with you.
Q2: What fee will the real estate agency charge you if everything goes well and respectively – will you be liable to them if something goes wrong and you do not close the deal?
Ask whether you will be able to get your money back if you decide not to buy the property in the last moment. It will be good to ask when the moment for the final decision is, too. If you do not discuss these questions with the agent in advance, you may end up obliged to pay a huge commission to the agency without having bought a new home.
Q3: How will the agent assist you with the inspection of the desired properties? There are two main options when it comes to the inspections of the homes you have targeted:
- An agent from the real estate agency will inspect the property along with you.
- The agency will use a subcontracted agent to visit and inspect the property/properties with you.
Q4: How often can you visit a certain property? It is essential to ask this question in advance, because there are agencies that will answer you "As many times as necessary", but others may say something like "Not more than once or twice". You definitely want to make sure the property that you consider buying is right for you and the best way to do this is to visit it at least a couple of times. If you schedule your visits for different times of the day, you will be able to gain a better idea about what the neighborhood feels like and the property itself. A few inspections will also be very helpful for you to better assess the condition of the property, the potential needs of move-in cleaning, the design of the house, the homeowner’s personality, etc.
Q5: What exactly is included in the offer of the reviewed property? Always ask the agent during an inspection of a property for more details about the offer. You can inspect a house with plenty of furnishings and think that they are part of the offer, but eventually it might turn out that the homeowner wants to keep them all. Don’t forget to ask about who will pay for the move out cleaning as well.
Q5: Whether you or the agency will schedule the dates for the first property care services after the closing of the deal? Talk with your agent about who will be in charge of booking the pest control, move-in cleaning, de-cluttering and all the other complimentary services that might be needed. It is important to know in advance what happens after buying the property. This will give you time to schedule the search for a cleaning or removal company, instead of hurrying in the last moment. Or else, the real estate agency may recommend you some companies to hire for all these complimentary services and perhaps help you take advantage of some discounts.
Q7: Who will have to deal with the paperwork and documentation required? One of the greatest advantages when hiring a real estate agency is that they take care for the overwhelming paperwork. Nevertheless, be sure to ask about these details in advance as well, otherwise you may end up preparing all the papers by yourself.
Q8: What will happen after you agree to purchase the property and when will they hand you the key? Ask for exact information about who will give you the key to the property (the former homeowner or the agent) and at what stage of the buying process that will happen.
Always you could ask a professional & friendly FREE advice.