Reply to Sellers - how do you choose a realtor? I feel overwhelmed

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[quote=Anonymous][quote=Anonymous]1. Interview several.
2. Do not pay 6%! At most 2 to selling and 2.5 to buyers or worst 2.5 and 2.5.
3. Ask them to provide a history of their last years sales. Then go look at those listing in the sold tab on Zillow or Redfin. I was stupid and believed our neighbor realtor when she said she sold over list and within days. The history showed that she had delisted and relisted at a much lower price. Previous history with her was multiple price drops and going stale.
4. Get a clear definition of staging. Oh, well stage it may mean we’ll bill you to have our friends do staging and you’ll pay to rent new furniture and store yours or could mean they’ll give you advice or it could mean they’ll stage with what you have at no extra cost. 
5. Research everything beforehand. Know the comps in your area. A common practice is for realtors to tell potential clients that they’ll get much more than the comps. A realtors job is to sell themselves to get your listing, and sell the property as fast as possible. How much doesn’t matter to them. [/quote]

This is good advice. These days, people pay between 3.5% - 5% total commission. Definitely figure out comps on your own too. Some realtors inflate the value they think they can sell for hoping you'll pick them. In reality, the seller's agent has very little impact on what the buyer is willing to pay. Verify everything the realtors tell you. It took me a while to learn that the industry norm is to lie.

Another poster's advice to contact realtors who sold other units in your building is also good advice. Use someone who works a lot in your area and even building if possible.

Good luck![/quote]

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