Real Estate, Selling Your Home, Valley of the Sun Communities

The Guide to Hiring an Amazing Real Estate Agent in the Phoenix Market Place www.ErinNewmanFineHomes.com 480-466-8193

 

Buy Sell Dice 11-22-17

When you’re buying or selling a home, it’s critical to work with a qualified real estate agent.  Real estate involves big dollars; this is usually your biggest purchases and sales that you will make in your life.  You need to find not just a professional, but an amazing agent and a market expert. So how do you ensure you’re hiring an amazing real estate agent?

There are currently more than two million real estate professionals in North America.1,2 With so many options to choose from, how does a prospective home buyer or seller choose the correct agent? According to the National Association of Realtors®, trust and reputation are the top deciding factors consumers use when hiring an agent.3

But how do you measure trust and reputation … and what criteria can be used to help you make your decision?

In this guide, I have outlined the top attributes that amazing agents possess, as well as the questions you can ask to make sure you’re working with the right market expert to achieve your real estate goals.

5 ATTRIBUTES OF AN AMAZING AGENT

As I mentioned above, not all real estate professionals are the same. And it’s easy to be overwhelmed by the options and information about working with real estate professionals to buy or sell your home. In fact, many real estate markets are over saturated with agents.

To help you understand what makes top agents and market experts stand apart from the competition, following are five key attributes of an amazing agent:

finding-a-home

  1. A Pricing Specialist

If an agent has their real estate license, they know the basics of the transaction process. They know what goes into buying and selling a home. However, there’s a difference between knowing the process and navigating it for an ideal result. This ideal result often means buying or selling a home for the best price.

For buyers, amazing agents have a strong understanding of market trends, competition, and how to make your offer attractive to sellers. They can help you identify and secure a deal to ensure you get the home you want, within your desired budget.  The market changes daily.  Currently we are in a strong Seller’s Market that requires knowledge in being competitive in making offers.  Many buyers are not able to buy the home that they want due to the competition in the market.

If you’re selling a home, market experts have experience pricing homes optimally for the market, and creating pricing plans to minimize the time spent selling the home. This will help you sell for your desired price, and avoid costs like additional mortgage and utility payments.

One advantage I possess as a valley agent is my extensive knowledge. My NAR certifications have added tremendous value to my clients and business practices.  As a Pricing Strategy Advisor designee, I have had extensive training on proper pricing which benefits both buyers and sellers that I work with.

NAR PSA designation
PSA

Takeaway: Whether buying or selling a home, pricing can be tricky. Market experts can help navigate best-possible pricing strategies, and also secure the home you want within your budget.

 

  1. An Effective Time Manager

It’s common to underestimate the amount of time it takes to buy or sell your home. The average real estate agent may not be utilizing the latest tools and technology to make the transaction easier and more cost-effective for their clients. Market experts have tools and strategies at their disposal to minimize the amount of time you spend on the process.

For sellers, market experts can make sure you only deal with qualified buyers (requiring documentation), not the “looky loos” who can waste your time. We also utilize the latest marketing practices to advertise and price your home effectively, ensuring it gets sold quickly for top dollar. Knowing what marketing works is essential to getting a home sold.

When looking to buy a home, inexperienced agents may waste your time by showing you homes that are not a good fit for you. A market expert knows how to prioritize your needs and wants to guide  you to the ideal home within your budget. They also know how to identify possible problems in homes.  This will help save money during the process.

Takeaway: Even a well-intentioned agent may not have the skills, tools or technology to make the experience easy for you. There are lots of hidden activities that may take up unexpected time, and a market expert will save you time and energy.

alarm clock

  1. A Market Insider

While most agents can pull market stats about a neighborhood, community or city, they may not understand important trends or developments that would affect your transaction. These can include the state of the school district, issues with a homeowner association, new businesses in the area, zoning rules or trends in home prices.

Market experts live and breathe local real estate and effectively know the trigger points for buying and selling in this market. We also stay current on effective marketing and negotiation practices, resulting in our track record of success.  Using measurable scientific data is the only way to analyze the market.  Emotion and guessing does not breed success in a transaction.

For sellers, we understand what features of your home and neighborhood are assets in the selling process. And for buyers, we share a deep understanding of market factors, including school and neighborhood quality, crime statistics, speed of sales and more.

As a local native, I thrive on the market and the activity that is current.  My background is in science, so I can look at concrete data and articulate it in an appropriate fashion. Passion and excitement about our beautiful communities is also an attribute that has contributed to my happy client lists.  It takes energy to create success in our local market.

Takeaway: Getting relevant and specific market knowledge can be difficult and time-consuming, which is why many real estate agents don’t have it. Whether you’re buying or selling a home, an experienced real estate agent is often the best source of information about a city, neighborhood, or even street … we’re literally conducting market research every day.

black-stainless-steel

  1. A Strong Negotiator

Amazing agents truly set themselves apart in their ability to negotiate. Unfortunately, a large portion of agents don’t commit their full-time to increasing this key skill.

Real estate negotiations can be challenging, even for seasoned professionals. It takes skill, experience and knowledge of how to fight for your client’s best interests. While any agent can enter negotiations to buy or sell a home, they may not know the effective strategies to exit those negotiations with the result you want. Protecting a client’s investment is a fuduciary responsibility.

Experienced Realtors focus on negotiation as a key skill. We understand what to do before entering negotiations (establishing the upper hand to set up the best outcome), as well as during the process (when to offer or accept concessions).

Takeaway: Many agents can feel the stress of the negotiation process, and may agree to terms of the buyer/seller. Working with a market expert will help ensure you get the best deal, not just the fastest deal.

pexels-photo-206172.jpeg

  1. An Effective Closer

Closing a deal fast is often a good thing. For buyers, it means you found the home you wanted quickly. For sellers, it often means you can avoid the added expenses of mortgage and utility payments, and maximize the value of your home sale.

However, an agent solely focused on speed can make decisions that aren’t in your best interests. Top real estate professionals know how to not only achieve your real estate goals quickly, but in the right way to avoid potential pitfalls. Decisions need to be made on what is best for the client; this is essential in all transactions.

Just like negotiations, the paperwork and process of closing a real estate transaction are complicated. And they can be overwhelming for the average agent who hasn’t handled a lot of transactions. Sales contracts, property disclosures, occupancy agreements and even lead paint records need to be executed with precision. Your agent not only needs to be familiar with these, but also stay current on any changes in requirements or regulations.

Market experts have a strong understanding of real estate contracts, timelines, clauses and contingencies within the closing process. In fact, avoiding pitfalls during the closing process is where many sellers find an experienced Realtor is a huge asset.

 

Takeaway: Many agents don’t have a firm understanding of contracts. Because a real estate transaction often involves a significant investment, even a small mistake can mean serious trouble. With that in mind, it’s often best, and most responsible, to work with a true market expert.

pexels-photo-276700.jpeg

 

5 QUESTIONS TO ASK YOUR REAL ESTATE AGENT

So how do you know if you’re working with an amazing agent?

The first step would be to “shop around.” Many people work with the first agent they come across without a firm understanding of their level of experience. It’s always a good idea to interview a number of agents before selecting one. If you’ve gotten referrals from people you trust, then you may only need to interview 2-3 agents.

However, it can be tough to know what to ask in the interview process. Here are some questions that can help you qualify the best agent to help you achieve your real estate goals:

  1. Can you send me some information about yourself?

Look for professionalism and consistency. What are their professional accomplishments? Also, try to identify how they approach their work. Look for a business person who has a strategy and solid support system. If they’re a newer agent, ask about their team’s dynamic and accomplishments.

  1. How long have you been in real estate?

The average Realtor has 10 years of experience4. But while longevity is important, even more telling are the number of transactions they have closed or been involved in. So feel free to also ask: “How many homes have you sold in this area?”  There is a big difference in working with a full-time agent versus a part-time agent.  If real estate is not a full time occupation, you may not be getting what you need when you need it!

The important factor in hiring a great agent is one that knows what the current trends are in the local  real estate.  Market shifts change with agents that are not changing with changing markets and technology.

I am an e-PRO REALTOR® which is a designation that teaches what the current technology trends are to be successful in selling a home.  Technology plays a very large role in real estate today.  I know what technology is essential to create a seamless transaction.

NAR e-PRO designation

e-Pro

  1. What will you do to keep me informed?

Do you want daily or weekly reports from your agent? Will the agent be able to meet these expectations? Determine how much communication you want, and then find an agent who will give you the attention and time you want and deserve.

Communication is essential during real estate transactions.  The client should understand and be able to have questions answered in a timely manner.  Knowing what will happen next in a transaction helps both buyers and sellers understand the process and what is happening.

  1. Can you provide me with further resources I may need?

From market reports and pricing trends to school performance and crime statistics, top agents have resources at their disposal. In addition, market experts have built strong relationships with their extended team of professionals, and can often get expedient service or be able to “cash in a favor” for you should a need arise.

     5.  Seller only: Can you share with me your plan to market my property? Many agents will simply put your home in the MLS and wait for it to sell. An amazing agent should have a detailed plan of how to get your home exposure on social media, to their local networks, and more.

GET STARTED

Now that you’re armed with the The Guide to Hiring an Amazing Real Estate Agent in the Phoenix Market Place  and the Top Questions to ensure you work with the best possible real estate agent, you’re ready to start interviewing agents.

I would love an opportunity to win your business; I can show you how I do business that puts your needs first.  Please  schedule a free consultation with me to find out how true market experts can help you achieve your real estate goals!

  • You can call or text Erin Newman 480-466-8193.
  • You can email ErinNewmanAZ@gmail.com
  • Please visit my website at Erin Newman Fine Homes

Sources:

  1. National Association of REALTORS – https://www.nar.realtor/field-guides/field-guide-to-quick-real-estate-statistics
  2. Financial Post – http://business.financialpost.com/personal-finance/mortgages-real-estate/canada-housing-bubble-agents/wcm/b49d4e3a-bd8d-4d1c-9566-bd3d80c8e23a
  3. National Association of REALTORS –https://www.nar.realtor/reports/highlights-from-the-profile-of-home-buyers-andsellers

4.National Association of REALTORS – https://www.nar.realtor/field-guides/field-guide-to-quick-real-estate-statistics

signature 11-16-17

Buying a Home, Real Estate, Selling Your Home, Valley of the Sun Communities

5 Fun Facts About Gilbert, AZ

Every town has a history.  Gilbert has roots of being a farming community long before it evolved into the city we know today.  Here are some fun things to know:

  1. In 1902, the Arizona Eastern Railway requested for land donations to build a rail line  between Phoenix and Florence. A rail siding was established on property owned by William “Bobby” Gilbert. The town was eventually named after the farmer.
  2. This town was once known as the “Hay Shipping Capital of the World”.  It was an agricultural depot and the access to the railway could easily ship hay especially to the surrounding towns of Chandler, Mesa, and Phoenix.
  3. Gilbert is currently the most populous incorporated town in the country. The last three decades has increased in population at an exponential rate due to neighboring Phoenix for job opportunities.  According to the 1980 census, 5,717 people took up residence in Gilbert.  Compare those numbers to 208,453 in 2010.  Talk about a population boom!  And in 2005, it was listed as one of the safest cities in America.
  4. The Gilbert Historical Museum has reports of being haunted with after-hours residents.  The century-old building has been visited by paranormal investigators to further look into mysterious giggles and creaks.  This community was once a part of the Wild West so lots of history are on these grounds.
  5. Joe’s Real BBQ is a favorite among locals and visitors alike.  The owners strived to give patrons a feel of a BBQ joint set in the 1940’s with an ambience to honor that time era.  When the restaurant opened in 1995, they bought the current building built in 1929 that was originally a Safeway Pay’n’Takit.

Thinking of moving to a place Gilbert?  I would love to help you find a home here or anywhere in the Valley of the Sun!erin's email footer 2