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What questions to ask when interviewing a realtor?


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2013 Aug 4, 2:29am   3,157 views  5 comments

by bg1   ➕follow (0)   💰tip   ignore  

We are selling a house in Texas. We need a realtor to list it. Totally not possible to do FSBO.

First Lady wanted to list it at 425. Wanted to keep it as a "pocket" listing until ready to go on market. I didn't like that or her ridiculous shoes.

Second lady from Ebby H. Was less pushy and understood that we wanted to have it on market. Wanted to list at 525.

Third lady independent broker who offered reduced commission than others. Wanted to list at 539. Less polished materials than others. I suspect less advertising budget.

Last guy from fancy brocket age. Super polished. Lots of listing in this area. Brought someone to measure before we signed anything. Also wanted to show it before listing it to someone he plays tennis with. Wanted to list at 550.

I am looking for suggestions on what info I should ask for or look up to chose among them. Any suggestions appreciated.

#housing

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1   Annon   2013 Aug 4, 3:29am  

The only real question is what do the price comps in the area support? Maybe the lady wanting to list it for 425K is spot on, you don't say in your post. You also don't say what marketing plan any of the agents gave you. There really isn't enough info in this post to give a recommendation in my opinion. Maybe it's the lady with the ridiculous shoes as you put it.......if she's the top producer in the office and gets the job done who cares what her shoes look like. The best reference is someone who used an agent and they were happy with the outcome.

2   HydroCabron   2013 Aug 4, 6:55am  

The only questions I would have for a realtor are "Do you feel lucky, punk?" or "Does this rag smell like chloroform?"

3   bg   2013 Aug 4, 12:51pm  

Annon says

The only real question is what do the price comps in the area support? Maybe the lady wanting to list it for 425K is spot on, you don't say in your post.


BG1 says

I am here looking at comps. I think the comps support at least 535. Maybe more. It is tricky because mostly what happens in the neighborhood is that people tear out the back of the houses and build a new house behind the old facade. So, there aren't many remodeled comparable houses on the market. The remodeled ones aren't comparable. The homes are really nice for being build in the 1940s. But people typically do a lot of work when they buy. Hard to compare.

Annon says

You also don't say what marketing plan any of the agents gave you.

BG1 says

The lady in the ridiculous shoes didn't say much about marketing. Mostly talked about how great her firm is. The EH person described broker's tour, adds in neighborhood paper, listing on their website. MLS.

The independent lady talked about the broker's tour, internet listing.

The fancy guy takes the back cover of the neighborhood letter, website, MLS, website, brocker's tour.

Annon says

There really isn't enough info in this post to give a recommendation in my opinion. Maybe it's the lady with the ridiculous shoes as you put it.......

BG1 says

FWIW, I was trying to give you a quick rundown of what we had experienced. What I am asking is what people think I should be asking these people. What should I be looking up about them? Is there a BBB for realtors? I agree that it would be hard for you to recommend more of these, but perhaps to suggest a strategy for picking among them.

Annon says

if she's the top producer in the office and gets the job done who cares what her shoes look like.

BG1 says

I think the ridiculous heals were a symptom of her pretentiousness. I didn't care for the whole package. Perfect hair and make-up. Dramatic clothing and a lot of self-promotion. The pocket listing thing seemed like a creepy deal.

Annon says

The best reference is someone who used an agent and they were happy with the outcome.

BG1 says

We don't have friends around this neighborhood who have sold recently, so there are limited recommendations.

4   bg   2013 Aug 5, 10:40am  

Annon says

The only real question is what do the price comps in the area support? Maybe the lady wanting to list it for 425K is spot on, you don't say in your post.

I am here looking at comps. I think the comps support at least 535. Maybe more.

You also don't say what marketing plan any of the agents gave you.

The lady in the ridiculous shoes didn't say much about marketing. Mostly talked about how great her firm is. The EH person described broker's tour, adds in neighborhood paper, listing on their website. MLS.

The independent lady talked about the broker's tour, internet listing.

The fancy guy takes the back cover of the neighborhood letter, website, MLS, website, brocker's tour.

blockquote>There really isn't enough info in this post to give a recommendation in my opinion. Maybe it's the lady with the ridiculous shoes as you put it.......

FWIW, I was trying to give you a quick rundown of what we had experienced. What I am asking is what people think I should be asking these people. What should I be looking up about them? Is there a BBB for realtors?

if she's the top producer in the office and gets the job done who cares what her shoes look like.

I think the ridiculous heals were a symptom of her pretentiousness. I didn't care for the whole package. Perfect hair and make-up. Dramatic clothing and a lot of self-promotion. The pocket listing thing seemed like a creepy deal.

The best reference is someone who used an agent and they were happy with the outcome.

We don't have friends around this neighborhood who have sold recently, so there are limited recommendations.

5   FortWayne   2013 Aug 5, 10:55am  

Doesn't matter what they want to list it for, they often try to impress the seller, but rarely act realistic. And sometimes they try to underprice it so they can flip it for profit themselves.

Best bet is check local sales, see what people are paying... that'll give you the idea of what it can sell for. What you want to avoid is pricing too high or pricing too low. After that put it on a public listing site like redfin/trulia and it'll sell itself.

Commission is usually standard 3%buyer / 3% seller unless you can negotiate something else with an agent.

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