Tips to Finding the Right Real Estate Agent
Are you planning to sell your property or have your land listed for sale in
Malaysia? The problem is that it is a tedious process
and you do not have the extra time to deal with the process of getting the land
for sale in Malaysia. Therefore, engaging with real estate agent sounds like a
good idea. However, you do not know where and how to find the right real
estate agent to get your land for sale in Malaysia.
You start doing your research and look for real estate agents online, you read
the reviews by other their clients and you start asking for recommendations
from your friends. That is right, you are on the right track. But that is not
the end of it. Here are a few handy tips that
will help you in finding the right real estate agent that is certified
with the Board of Valuers, Appraisers, Estate Agents and
Property Managers.
1.
Select an agent with
the right credentials
It is the same as being a doctor or a lawyer. You need a
certificate to show that you are a qualified real estate agent. A real estate agent
should meet the requirements, passed the examinations and be registered under
the Board of Valuers, Appraisers & Estate Agents, in order to be qualified
as a real estate agent in Malaysia. Do check the references before deciding on
whom to engage.
2.
How long has the agent been in
the industry?
While it
is true that the number of year practicing as a real estate agent is not an
indication of the skill of the real estate agent, this question is essential
because it is an indication of how many different situations the real estate
agent has faced before. That being said, a real estate agent who has been in the property industry
long enough will
have better knowledge of the property industry. They will also know how to deal
and handle with different situations, such as negotiating with different
potential buyers. This knowledge will be useful in determining the price of
your land and whether the area of your land is a hotspot therefore, stand a chance
to be sold with higher price.
3. What
are your expertise and track records?
Before
engaging with the real estate agent, you should know the expertise of the real
estate agent. You want to find the right real estate agent that specializes in your area of
interest and it
would be an added advantage if he knows the neighborhood well. Choose the real
estate agent that is a neighborhood expert. As for their track records, it
serves as a guideline for you to decide if you want to engage with their
service or not, based on their number of success deals. You could also find out
if the real estate agent is of good fit in terms of disciplines by checking
through the Board of Valuers, Appraisers & Estate
Agents.
4. Determining
the price
Everyone
wants to sell his or her lands for a good price and make a profit out of it. A
good real estate agent will keep himself or herself updated with the market
price or market on goings. Knowledge like this will ensure that you are selling
the land at a right price with the right advice before deciding on a
price. Ask for the price range for
properties in the same area. A price that is too high will risk missing out on
many potential buyers whereas a price that is too low is similar to giving out
the land for free. Either way, you do not want to take the risk of selling the
land at a price too high or too low. In addition, do also ask around for the
real estate agent’s commission and closing fees to make a comparison before
deciding on whom to engage with.
5. Duration
and sales plan
Know the
sales plan of the real estate agent. Be a part of the plan and know what the
real estate agent is going to do next. The real estate agent might have a
really good marketing plan for your land for sale and you do not want to miss
out on any details of the plan. Make sure that the details of your land are
correct as well. Have a rough guide on how long it will take for the real estate
agent to sell your land based on his or her expertise.
6. What
should I do?
Lastly,
ask the real estate agent on what you should do to your land before getting it
listed for sale. There are many factors that will affect the price or value for
your land. A professional real estate agent will advice you accordingly on any
mandatory renovations or repairs or even pest control that you should do on
land to bring out the best out of it. They might even suggest a few budget
friendly ways to beautify your land ad make it more appealing to potential
buyers.
These 6
questions will be handy if you are looking for a real estate agent to get your
land for sale in Malaysia for a good price. After interviewing a few real
estate agents, it is time to pick the most suitable real estate agent to help
you deal with your business. Most importantly, trust your feeling and gut
instincts, if there is anything that you do not feel right, it most probably is
wrong.
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