3 Questions to ask your San Francisco Realtor | NorthernSF
Ask your San Francisco Realtor these 3 questions before you hire them.
With so much information available on the internet you would think it would be very easy to hire a realtor in San Francisco. If you are looking to sell your house, you know that it can be a very daunting task to find the right neighborhood real estate agent. After you've gone to all the local open houses in your neighborhood, and met all the local agents, sit down and interview your top 3 Realtor picks. I would start by asking these 3 questions.
1. How many clients are you currently working with?
Does your prospective agent have time to take on new clients? One big misconception is that 20% of the top agents do 80% of the business. While this may be true in a lot of businesses, you have to ask yourself, is the agent I'm going to hire going to have enough time for me and my family? Are they going to be too busy? Some agents have 10 or more active listings on the market at any given time. Does it benefit you to get thrown in with the other listings or does it make sense to work with another agent that has the time to market your home as unique and special.
2. How many people work on your team?
Real estate teams are all the rage right now in San Francisco. Some teams are well-oiled machines and others are fresh out of the box. The team's main purpose is to recruit more agents to their team. The more agents on a team, the more listings a team has, and the more they can market themselves to attract new listings. Some teams can have 10-20 agents, some with lots more. Does working with a real estate team benefit a seller or the team more? This depends on if you are getting the attention of the main team leader, who you hired, or if you are just getting the attention of one of their assistants. Who is going to be your main line of communication?
3. How many transactions have you closed in my neighborhood?
Know the numbers. According to the National Association of Realtors, the average real estate agent closes 12 transactions per year. How many homes has your Realtor sold? If they are on a team, how many homes on average does each team member sell per year?