Here are our top 5 questions to ask your real estate agent, yes that includes us!
1.How long have you been an agent for?
This is number 1 as it’s important to get a sense of the experience of the agent you could be working with. Generally the longer the agent has been on the job the better, but don’t right off young enthusiastic agents just yet, remember we all have to start somewhere. Follow them up with question 2.
2. Who is in your team?
Remember in property it’s all about building your team and surrounding yourself with like minded and experienced people. Does your agent work alone or do they have a partner? Do they have a broker and a lawyer that they team up with? Do they have a mentor that you could also tap into. These are important things to find out as their team becomes your team.
3. How do you get paid?
Often we shy away from talking about income, but it is important to have everything transparent before you sign a contract to engage an agent. Any agent that doesn’t have anything to hide with gladly explain to you how they make their money so you can feel comfortable knowing what everyone’s motivations are.
4. Do you own property?
If an agent ever replies “No, I just buy shares” run! If they don’t believe in the power of the product they are selling then how can they recommend the right options for you. Also this ties into surrounding yourself with like minded people.
5. Do you have references that I can talk to?
Asking to talk to or email other clients that have worked with the agent or agency before is fine. Getting a first hand reference can help you learn a lot about the agent. We often have events where we introduce existing clients to new ones and they can share their experiences. After all we’re awesome but don’t take our word for it!
First National is Australia’s largest independent real estate group and the only 5 Star Canstar rated real estate group in Australia