If you’re set on selling your home in Knoxville, TN, with a real estate agent, you may have considered the pros and cons versus selling FSBO. Although we buy houses in Knoxville direct from homeowners, we often get asked for advice on hiring real estate agents. If you’re looking to get your home sold efficiently for a good value, working with a real estate agent may be in your best interest, especially if you have a unique or custom home.
Always do your research before choosing a Realtor. Ask your friends, family, co-workers or neighbors who they used when they bought their current home. If you personally know a family member with a Tennessee real estate license, think twice before choosing them. Consider how many sales they have under their belt, how many client’s they’ve worked with, and if they are lowering their commission percentage to work with you.
How Many Years of Experience?
This is an important question to ask your Realtor, as it will give you insight into how knowledgeable they may be. Working with an agent that brings at least 3 years of experience to the table is a good sign that they have closed previous deals, and they understand how to work with sellers like yourself. Ask them who they’ve worked with in the past if they’d be willing to give out references of their previous clients for you to vet their services. If an agent doesn’t give this information for at least one of their past clients, it might be a sour sign to start looking for another agent. When you’re looking for experience, be sure to ask how many years they’ve been working in the Knoxville, TN area in particular. Since there has been an influx of new residents to our state, make sure you’re working with a seasoned Realtor that has lived in the area for a while, or even grew up in Tennessee.
How Will They Market Your Home?
Every real estate agent will provide a different answer on how they will market your home. Make sure that you are working with a savvy agent that will be able to market your home to a wide variety of potential buyers without breaking the bank. An agent that provides the most value might use professional photography, social media, and even door knocking throughout a variety of Knoxville neighborhoods. Make sure to question agents that won’t market your property, or won’t do any extra work to make sure it’s seen by the most eyes in their sphere.
How Much Is Their Commission?
Typically, as a home seller, you’ll pay your real estate agent 6% of the final sale price as a commission for selling your home. From there, your agent typically splits that 6% with the buyer’s agent, which is typically 2.5~3%. You should always ask how much your agent takes as a commission split to understand their response. If they respond in a professional, calm manner why 6% is the standard for their services and the value they would bring to selling your home, they should be considered a good choice to work with. If they try to negotiate too low on their side of the split right away, be careful of listing agents that do this, since they might not be as invested as you’d like in the sale of your home; rather, bringing you the first offer or the best offer. Always look for quality of quantity.
Ask About The Current Market
By inquiring about the current situation of the market with your realtor, you can gain valuable insight into how quickly they may be able to sell your home! You’ll know exactly what to expect when selling if your realtor is experienced and has worked with numerous sellers rather than simply buyers. Given how competitive the real estate market in Knoxville is, if you work with a listing-focused Realtor, they may already have a buyer lined up for your home.
How Many Clients Are They Currently Working With?
This can be a pro and a con. If an agent is working with several clients, that could be a great indication they are great at their job. Unfortunately, it could also mean they have little time for you. If you experience this situation, research their support staff. Great agents are always busy, but if they have a core group of top notch assistants, it may be ok to proceed with them. Finding a realtor to work with to sell your property can be a difficult and time-consuming process. When you choose the proper agent, your efforts will be rewarded with a successful offer and a smooth closing.
Want To Sell Your House Without An Agent In Knoxville?
If you want to skip the entire hiring an agent and listing your house process; we can certainly help you down this path. We are local local homebuyers in Knoxville that buy houses fast for cash. Our home buying process is super simple and easy as well! We give homeowners the opportunity to sell their house stress free, on their terms, and not be charged a penny. We offer our services 100% free. As a direct buyer, you can skip the stressful showings, the constant cleaning, and the time consuming open houses!
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