I very much disagree with agents who say experience doesn't matter. The truth is 80% pf all new Realtors don't last two years. Wouldn't you like your agent to be around a couple of years down the road. The average Realtor in the country closes less than 8 transactions a year and a savvy consumer should ask themselves why? How likely is it that these agents have the ability to accurately analyze the market to give their clients the data they need to properly price their homes when selling or to make an offer with? How many of them have the financial ability to properly market your home? Experience counts in all other professions and ours is no different. Those agents who have mastered their craft and successfully close dozens of transactions a year after year have proven that they are better agents than those who close 3 or 4 transactions a year and are more or less playing at real estate. While it's not the only metric to measure a Realtor by I believe it's the most significant.
I've attached a link below on one of the most popular blogs I've posted here on Trulia on how to find a great Realtor. I hope you find it helpful and wish you all the best and Happy House Hunting.
do you care if your pediatrician has children of their own?
I don't - I just want a good pediatrician who is bright and experienced.
continuing with this logic....then perhaps every woman should only go to a female GYN :)
and to the person who asked if you would trust "a guy selling you a car who doesn't own one".......why not?
If he is knowledgeable about the product he is selling........... and honest............who cares if he drives or takes the bus to work?
I didn't ask the salesperson who sold me a designer handbag if they owned one, too........as long as they were adept at pointing out all the special features it offered
well, I think I made my point as to my position on this topic!!
Owning a home (or anything) is not a litmus test of one's capability, experience, professionalism or proficiency....those are the qualities one should be looking for.
My wife was a RealtorÂ® before I was, and in her first year, she decided we should buy a house. I'm from Manhattan - I don't buy houses, I live in apartments. She said the same thing to me - "How can I sell homes when I don't own one myself?"
One thing I've learned in twenty-eight years of marriage is that you'd better marry somebody whose judgement you trust.
Anyway, my rejoinder was, "Do you think that Boeing salesmen all own 747s?"
Three days later, I was "pressing hard, it's three copies."
So...if you've never owned a luxury home, in an "exotic" location.....then you shouldn't be selling those houses?
That sure would eliminate a lot of agents out there...and I don't see it as any valid litmus test as to expertise.
One can be thoroughly familiar with an area without necessarily owning a home there.
Questions regarding.....Experience....knowledge of the area.......knowledge of the local market .....percentage of listings sold.........level of professionalism......knowledge of agency relationships and.......... MARKETING expertise and marketing plan, internet exposure, etc., etc.... are the important questions to ask any potential agent.
Just to throw in one more analogy:
Does it matter if your child's teacher has a child of his or her own?
Would you even ask that question?
Best of Luck,
I would disagree that it "should be" asked. But if the answer is important to the buyer or seller conducting the interview it is certainly okay to ask. Whether an agent owns a home or not probably doesn't matter much. I do think some people want to know if their agent has some skin in the game. That said every rock star picked up the guitar for the first time once. To me the most important thing is integrity. Will your agent's actions be the most beneficial to you 100% of the time? Even if it is to their detriment? That's the guy I want. One who'll walk away from their payday to give you the best advise. They need to be knowledgable and have a plan that makes sense too. But give me an honest, hard worker that's hungry and I don't care if he's not a homeowner.
Lesly Reiter, Keller Williams Realty Pioneer Valley 413-519-9450 LeslyReiterSellsHomes.com
The reasoning is fun - I think that we were able to review and examine the work of agents, we would not be able to tell which ones owned homes.
Would you trust a guy selling you a car if they didn't own a car? Or would you buy insurance from an agent who doesn't believe in having their own insurance? It is important to keep your credibility believable and be qualified enough to help your clients through every step of the way!
More important questions could be:
- How long have you been working the area I am interested in?
- How long have you been a Realtor?
- Do you have any references on your skills and knowledge?
- How available are you, and whats the best way to reach you?
I hear more and more that the one question above all else is, how available are you. Lets face it, when a buyer is ready, they are wanting the Realtor to be ready. Yes, we all have schedules to keep, but is that agent answering the phone or responding via e-mail? And if so how long does it take for that agent to get back with you.
For me, I answer my phone 7 days a week, always have my laptop or Iphone with me everywhere I go. I am here for you. If I can not meet your schedule for looking at homes, I have other team members I trust that are agents, that I can also check with to show you homes. I understand your time is important too.
If you are selleing your home, how many listings do you have, how many have those have you sold and what is the average time on the market? How do you plan on marketing my home? And how will I be notified of the traffic of inquiries on my home.
I wish you a successful experience in your house hunting or the sale of your home in what ever area you live in.
Do you own your home?
Do you live in this community??
As Phil suggests.."Are those teeth yours?"
How many letters have you paid for to append to your name?
Do you work with a national firm?
How many 1/2/3 homes on 1 acre estates have you sold this week?
Are you left handed?
Those suggesting such questions do so soley so they can respond 'YES."
Deiredre question, however, adds the dimension of believably when you empathize with a homeowner that their home's value has devalued 40% over the past six years. "My landlord lost value" just doesn't inspire a resonance of spirit that is so important in assisting in the sale or purchase of what many people belieive to be their most expensive possession.
Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, FL
If you want to distinguish yourself from the crowd, you are going to have to find out what it is about YOU that is special, unique and worthwhile. Communication, caring, and just plain getting the job done get my vote. Those traits are far, far more important than how many years of experience you have or whether you own a home.
Byron Godfrey SOLUTIONS R.E. 480 704 0050
That is an important question. It may or may not matter however. I believe that being a home owner may help your agent understand better whatever questions and issues that a home buyer may have. Having that experience themselves should help a good agent bring more to the table during the buying or selling experience. So, it can bring the person questioning the Realtor a better feeling of ease knowing that the person they are potentially hiring has also been through this.
When interviewing a Realtor, I recommend you ask questions that help you feel comfortable you are listing your home with the right person for you. A few things you might look for:
- They should do their homework and bring comparables to give you an idea of what your home will sell for.
- How responsive are they?
- What is their marketing plan for your home?
- How do they incorporate technology into their sales plan?
- How do you want your home shown and can they accommodate it (lockbox on home where any licensed Realtor can show homes, shown by appointment only with listing agent present, open homes, ...)
- Do they understand your needs in terms of sales price and how quickly you need to sell?
- Is the Realtor someone you want working for you?
- How well they explain contracts and what to expect during the process.
- What tips do they offer to help get your home in good showing condition?
It is always nice to have someone who is experienced help you. Personal experience buying and selling properties certainly helps.
As a Realtor, I would readily answer your question (yes!).