Saturday, September 28, 2013

How to Interview a Realtor to Sell Your Home

Hiring a Realtor can be tricky. How do you know who is going to do the best job for you? Here is a list of questions to ask prospective agents that should result in you making the right choice.

• How long have you been in real estate locally?
• Do you have a specialty or market focus?
• Are you more of a listing agent? Buyers agent?
• How many homes have you listed and sold in the last six months?
• Of the properties you listed in the last year, how many were sold with a cooperating agent?
• Will you prepare a comparative market analysis to determine list price?
• Do you have a detailed marketing plan?
• What is your brokerage fee? Typical fee for the area? Are you negotiable?
• What percentage of the fee do you offer cooperating agents?
• Do you have a website?
• What other online portals do you use for marketing homes? (Zillow, Trulia, etc.)
• Do you offer any staging services?
• Will you meet other agents when they show the house?
• Will the house be opened up, with lights on, prior to showings?
• If you use a lockbox for showings, explain why. 
• Do you have any assistants?
• Do you follow up showings for feedback?
• How often will you communicate activity to me?
• Do you have suggestions on things that should be done to make the house more saleable?
• Do you use video tours? If so, how?
• Do you produce any marketing materials like flyers, post cards, brochures and how are they used?
• Do you hold open houses for buyers? Brokers? If so, explain how that will be done.
• Can you say why I should choose you over other agents being interviewed?

Monday, June 03, 2013

Fort Lauderdale Downtown and Beach Condos Jump In Price

Prices could rise and inventories fall short of demand in downtown Fort Lauderdale and neighboring beaches if rents continue to rise and more condominiums aren’t soon built, Condo Vultures principle Peter Zalewski said in a report released June 1.
The downtown Fort Lauderdale condo market presently has fewer than six months of inventory available, a condition that could give rise to a seller’s market with prices on an upward trajectory.
“The prospect of rising prices – and potentially even bidding wars – for condo units in the Downtown Fort Lauderdale and Beach market is possible,” Zalewski said in the report.
“Given the lengthy lead time necessarily for new construction, the Downtown Fort Lauderdale and Beach market could be at the mercy of demanding sellers sooner than most people would probably think,” he said.
That could depend on the fate of 4,000 proposed rental units and whether, upon completion of building, they are instead sold as condos.
The average asking price for a resale condo in downtown Fort Lauderdale and the neighboring beaches is more than $370 per square foot, a 45 percent leap over the $255 per square foot average during the first quarter of this year, according to the report.