Hiring a real estate agent in Philadelphia can be frustrating. You want to work with someone who is reliable, committed, willing to communicate with you, and can get you the best deal whether buying or selling. So what are the steps on how to find a good real estate agent in Philadelphia?
Many local large real estate brokers will spend thousands of dollars each month to ensure that their agents are the most visible, whether it be online, at the local bus stop, or by putting up giant billboards in the most trafficked sections of Philadelphia.
However, the agents backed by the most promotion dollars aren’t always the best, and may not be a good fit for your circumstances. In today’s piece, we’re going to look at how you can find a good real estate agent in Philadelphia.
[NOTE: If you need to sell your Philadelphia house fast and can’t wait the 3-6 months+ it is taking to sell a home on the local market… we may be able to help by buying your house from you. We can make you an all-cash offer within 24 hours on your house in as-is condition. ]
How To Find A Good Real Estate Agent In Philadelphia – Get Reviews… Real Reviews
Online reviews of real estate agents are easily manipulated, and can be often times little more than paid advertisements. It’s important to get honest reviews from any agent that you’re considering, and any reputable agent will be glad to provide you with recent clients. Reviews are one of the best ways to see how any real estate professional does out in the marketplace.
As a last way to check out the agent… hit Google and type in “[name of agent] reviews” and see what pops up in the Google search. If you see a bunch of bad reviews on websites like yelp and others then see if the agent tried to engage with those negative reviewers online to resolve the situation.
If the real estate agent is brand new, this doesn’t necessarily mean you should immediately rule them out. Since they probably won’t have any reviews, you will have to go off of a judge of character. If you’ve met them in person, even if it was only for a short period of time, and you feel comfortable with them then give it a shot. Hopefully they have earned your trust and you believe in them to get the job done. Just because an agent is experienced doesn’t mean they’re the right agent for you. Unfortunately, sometimes when agents have a lot of experience, that usually means they’re dealing with multiple clients at once. So, unless they have a team, it really depends on the agent on who they want to prioritize. However, a new agent typically is willing and able to focus solely on you and put forth the upmost effort to start gaining some traction in the industry.
Ask the Right Questions Of The Local Philadelphia Real Estate Agent
Ask the agent (or better yet, his or her former clients) the following questions to gauge the agent’s skill, and ability to represent you as a buyer or a seller:
- Was there any part of the process of buying or selling a home that clients were pleased or particularly displeased with?
- What was the asking price?
- What was the sales price?
- What properties have you worked with in my location?
- What about similarly sized properties?
It’s important to choose an agent who has experience working with homes similar to yours.
Check The Real Estate Agent’s Credentials
Check with your state’s real estate regulatory authority to verify the agent’s licensing. While you’re on that website, you’re also often able to look into regulatory actions and complaints against the agent.
You should also ask the agent how long they’ve been buying and selling homes. If they’re representing an agency, ask how long they’ve been with that particular agency, and their history with other firms.
Above all, it’s important to choose a real estate agent in Philadelphia that you can trust. Regular communication is extremely important when selling your home, as in many cases, a house represents the majority of your net worth. A good agent will be able to answer questions such as:
- How many inquiries have been made about my home?
- How many of these inquiries came from people likely to make a purchase (not just window shoppers)?
- What other properties in this neighborhood are for sale? What is the asking price of those homes?
A good agent will always have a good pulse on the market specifically in your area. They will be organized and be able to keep track of all the activity on the home you’re selling.
Ask The Local Real Estate Agent How They Plan On Selling Your House
Sometimes going the direct route is the best. In the case of looking for a local Philadelphia NJ real estate agent, ask them how they intend on selling your house for you that the other agents in town won’t do. And see what their answer is.
Usually the great ones actually have a specific marketing plan and will get your house out there and on the market in a big way. Many agents usually plan to just list it on the MLS and hope for the best, while other agents like us, do a lot more. Of course we list it on the MLS, but we also hold open houses, get in contact with the neighbors to bring more awareness, make it known to all the other agents in the area to put their buyers on notice, online marketing and so much more. Therefore it’s important to know the type of marketing that will be conducted during the process so you can stay on top of it with the agent. But a great agent will let you know without even asking.
This Is Where Low Priced Isn’t Always The Best
Often times Philadelphia NJ home sellers want to go with the lowest priced option.
Heck, when you look at the numbers… if a real estate agent is earning 3% on a $100,000 sale… that’s $3,000 in fees just to 1 real estate agent (usually both agents representing the buyer and the seller earn commission)… it isn’t cheap. But just do your research before you go with a cut rate agent or a flat fee agent… because that usually means that the service you’re getting is also a lower level service.
Contrary to popular belief, agents do a good amount of work especially when it comes to selling your house. As discussed, there’s a lot of marketing tactics that goes into selling a house, that homeowners usually aren’t aware of. But aside from marketing the house, these are some other duties a good agent has to do…
- Receive and review all offers to purchase contracts submitted
- Evaluate offer(s) and prepare a “net sheet” on each for the owner
- Contact buyers’ agents to review buyer’s qualifications and discuss offer
- Negotiate all offers on seller’s behalf, setting up time for loan approval and closing date
- Prepare and convey any counteroffers, acceptance or amendments to buyer’s agent
- Stay on top of the loan process by contacting the lender weekly
- Coordinate buyer’s home inspection
- Schedule appraisal and make sure to provide comparable sales
- Coordinate closing process with buyer’s agent and lender, ensuring all parties have all forms and information needed to close the sale
There’s a lot that goes into the process of selling your home so choosing the right agent to complete these tasks is important. Some of the best real estate agents in Philadelphia have great marketing systems and are able to sell homes faster and for higher prices when they have the right processes in place. So even if you find someone to sell your house at a 1.5% fee… look long and hard at whether you’ll be saving money long term.
The same goes for selling your house to a local real estate investor like EZ Real Estate Solutions LLC. The highest priced offer isn’t always the best. Look at the terms of the deal the house buyer offers you… and ensure they can close on-time… because every month that goes by costs you money (your mortgage, taxes, insurance, utilities, etc.) to hold the property.
It’s important to avoid low-quality real estate agents. A good real estate can make selling your home an extremely smooth experience, and will work in your best interest.
So go out there and do your research and find a local real estate agent.
If you need to sell your house fast… we’d love to make you an all-cash fair offer on your house.
We can make you a no-obligation offer in 24 hours or less and you can weigh that option against going with a real estate agent.
Just click the link below and fill out the short form on the next page to get the painless process rolling.