Questions to ask When Hiring a Luxury Real Estate Agent

October 15, 2019

When buying or selling a luxury home at the Lake of the Ozarks, one of the first and most important decisions you make will be choosing your real estate agent. Luxury Lake Home makes it a point to stay on top of all of the latest research, marketing trends, and pricing for the area, which are all great things to look for. However, choosing a real estate agent at the Lake of the Ozarks is just as much of a personal decision as it is logical. Here are a few questions you should ask when hiring your luxury real estate agent at the Lake of the Ozarks.

Q: How long have you been in business?

There are some amazing agents who are still new to the industry, but with that being said, finding out that your agent has been based in the area for a long time, or has a lot of experience with buying and selling luxury properties can be very reassuring. There are several ways that agents will increase their education, but one of the biggest factors is learning on the job. The more sales an agent has completed, the more experience he has with many different types of situations.

Q: What is your average list-price-to-sales-price ratio?

When trying to decide who you should go with, keep in mind that a good buyer’s agent should be able to negotiate a sales price that’s lower than the list price. Listing agents, however, should have a track record for negotiating sales prices that are very close to the list price. Ratios to keep in mind for listing agents should be higher, and closer to 100%. For buyer’s agents’, you want to look for someone who falls below 99%. You don’t need to put a lot of emphasis on this, but it’s a great way to talk with your agent about their buying and selling successes.

Q: What is your best marketing plan for my needs?

A good real estate agent is going to have several tactics for marketing your how to the most ideal clients. If you’re a buyer, this still applies, because your agent will help by providing a list of homes that fit your criteria, and then help you find the one that you want. They will also help you compete against other buyers, and handle multiple offers.

If you are selling a luxury home at the Lake of the Ozarks, you’ll want to know how the agent will market your home. Where do they advertise? What types of photography and videography are used? Will your home be marketed online, and if so, how?

Q: What top three things separate you from your competition?

This is a question that every real estate agent should be able to answer quickly and easily, but it can be a great way to get a feel for the person behind the brand. You will be working closely with this real estate agent over the next several months, whether you are buying or selling your lakefront property. You want to be able to communicate effortlessly with your agent, and this question can free up the space to talk.

Only Scratching the Surface

There are still so many questions you can ask your real estate agent to figure out if they are a good fit for you, but this is a good place to start. Luxury Lake Home makes it a priority to help you buy or sell your luxury properties at the Lake of the Ozarks, and we have partnered with Berkshire Hathaway HomeServices to help provide you with the service you deserve. We go through rigorous training, and continue to keep up on the latest trends and materials to help make your experience the best possible. We love the luxury home market at the Lake of the Ozarks and look forward to helping you with all of your real estate needs. Have more questions? Ask us! We look forward to connecting with you.

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