Hiring a real estate agent in Memphis can be frustrating. So what are the steps on how to find a good real estate agent in Memphis?
In Memphis, many prominent real estate brokers invest heavily to ensure that their agents stand out among the competition. These brokers spend thousands of dollars each month on various marketing channels, including online platforms, Yellow Pages, and even giant billboards strategically placed in high-traffic areas. Their goal is to maximize visibility and attract potential clients to their agency.
However, the agents backed by the most promotion dollars aren’t always the best, and may not be a good fit for your circumstances. In today’s piece, we’re going to look at how you can find a good real estate agent in Memphis.
[NOTE: If you need to sell your Memphis house fast and can’t wait the 3-6 months+ it is taking to sell a home on the local market… we may be able to help by buying your house from you. We can make you an all-cash offer within 24 hours on your house in as-is condition. ]
How To Find A Good Real Estate Agent In Memphis – Get Reviews… Real Reviews
It can be challenging to trust online reviews of real estate agents since they can be manipulated and often resemble paid advertisements. To ensure you receive honest feedback when considering an agent, it’s crucial to request reviews from their recent clients. Reputable agents will be happy to provide you with this information as it serves as a testament to their expertise and customer service. It’s essential to rely on genuine feedback to make an informed decision and find an agent that fits your needs.
Also, reviews are one of the best ways to see how any real estate professional does out in the marketplace.
As a final step to evaluate an agent, you can use Google to search for their reviews by typing “[agent’s name] reviews.” This search may reveal reviews on various websites like Yelp and others. If you come across several negative reviews, it’s essential to see if the agent attempted to engage with those reviewers online to resolve the situation. An agent who tries to resolve negative reviews indicates that they care about their reputation and are willing to make things right. Therefore, it’s crucial to consider an agent’s engagement with negative reviews when evaluating their services.
Ask the Right Questions Of The Local Memphis Real Estate Agent
Ask the agent (or better yet, his or her former clients) the following questions to gauge the agent’s skill, and ability to represent you as a buyer or a seller:
- Was there any part of the process of buying or selling a home that clients were pleased or particularly displeased with?
- What was the asking price?
- What was the sales price?
- What properties have you worked with in my location?
- What about similarly sized properties?
It’s important to choose an agent who has experience working with homes similar to yours.
Check The Real Estate Agent’s Credentials
When searching for a real estate agent, it is crucial to verify their license with your state’s real estate regulatory authority. This verification process will confirm the agent’s eligibility to conduct business in your area and their possession of a valid license. While visiting the regulatory authority’s website, it is also recommended to investigate any complaints or regulatory actions filed against the agent. These records can provide valuable insight into the agent’s past conduct and performance. You may come across information related to disciplinary action or other violations that the agent may have committed. This information can aid in making an informed decision when selecting a real estate agent to represent you. Therefore, it is essential to conduct thorough research to ensure you are working with a licensed and reputable agent who will provide you with a positive real estate experience.
When selecting a real estate agent, it is vital to be aware that licensing requirements and regulations can differ from state to state. Therefore, it is crucial to familiarize yourself with your state’s real estate regulatory authority and its guidelines. This knowledge will assist you in ensuring that the agent you are considering is compliant with all requirements and operating within the legal framework in your region.
In addition to verifying the agent’s license and compliance, it is highly recommended to inquire about their experience in the real estate industry. You may ask them about their tenure in buying and selling homes, including their successful transactions track record. It is also advisable to inquire about their affiliation with a particular agency and their past experiences with other firms. These questions can help you assess their level of professionalism and expertise, allowing you to make a well-informed decision when selecting a real estate agent to work with. Taking the time to conduct thorough research can help ensure that you find a licensed and experienced agent that meets your needs and provides you with an exceptional real estate experience.
Above all, it’s important to choose a real estate agent in Memphis that you can trust. Regular communication is extremely important when selling your home, as in many cases, a house represents the majority of your net worth. A good agent will be able to answer questions such as:
- How many inquiries have been made about my home?
- How many of these inquiries came from people likely to make a purchase (not just window shoppers)?
- What other properties in this neighborhood are for sale? What is the asking price of those homes?
Ask The Local Real Estate Agent How They Plan On Selling Your House
Sometimes going the direct route is the best. In the case of looking for a local Memphis Tennessee real estate agent, ask them how they intend on selling your house for you that the other agents in town won’t do. And see what their answer is.
Usually the great ones actually have a marketing plan and will get your house out there and on the market in a big way.
This Is Where Low Priced Isn’t Always The Best
Often times Memphis Tennessee home sellers want to go with the lowest priced option.
Heck, when you look at the numbers… if a real estate agent is earning 3% on a $100,000 sale… that’s $3,000 in fees just to 1 real estate agent (usually both agents representing the buyer and the seller earn commission)… it isn’t cheap. But just really do your research before you go with a cut rate agent or a flat fee agent… because that usually means that the service you’re getting is also a lower level service.
Some of the best real estate agents in Memphis have great marketing systems and are able to sell homes faster and for higher prices. So even if you find someone to sell your house at a 1.5% fee… look long and hard at whether you’ll be saving money long term.
The same goes for selling your house to a local real estate investor like Memphis Home Buyers. The highest priced offer isn’t always the best. Look at the terms of the deal the house buyer offers you… and ensure they can close on-time… because every month that goes by costs you money (your mortgage, taxes, insurance, utilities, etc.) to hold the property.
To ensure a successful and satisfactory real estate transaction, it is crucial to steer clear of low-quality real estate agents. Some agents may be inexperienced, motivated solely by making their first sale, and may not work in your best interest. In contrast, a good real estate agent can make the process of selling your home a smooth and hassle-free experience while representing your best interests. Therefore, it is vital to conduct thorough research and find a reputable local real estate agent who has the necessary skills, experience, and track record to meet your needs.
If you are in a situation where you need to sell your house fast, there is an alternative solution. Our company can provide you with an all-cash fair offer on your house, offering you a convenient and fast way to sell your home without the stress and uncertainty of traditional real estate transactions.
We can make you a no-obligation offer in 24 hours or less and you can weigh that option against going with a real estate agent.
Just click the link below and fill out the short form on the next page to get the painless process rolling.