Selling or buying a home can be a daunting and potentially stressful experience. One of the best ways to make this experience easier is by choosing the right Hunter Valley real estate agent, though this can be a challenge in itself. When you’re buying or selling your home, it’s important to choose the right real estate agent to help you through the process. Someone who understands your needs and can help you achieve your property goals.
How do you know if a Hunter Valley real estate agent is right for you? At Bailey Property & Livestock, we are the experts in property sales in The Hunter Valley. With our combined expertise we are happy to share with you some of the best questions to ask when buying or selling.
Questions to Ask When Selling Your Hunter Valley Property
Below are four questions that should be asked whether you’re looking to list your Hunter Valley rural land for sale or looking at selling your property in Singleton, and are deciding on which Hunter Valley real estate agent to choose.
What is Your Experience in My Local Area?
Local Area experience is important because you want an agent who knows the market well. They will know how to price your home correctly and what features are most appealing to buyers in your area. This includes things such as an understanding of planning regulations such as any development restrictions that have been put in place as well as other potential changes such as, changes to local roads and traffic conditions, that could have an impact on sale price.
By choosing a local Hunter Valley real estate agent with great communication skills, who has put in the hard yards to build rapport with buyers, and has an extensive knowledge of the local area, you are more likely to receive a better sales price for your property.
How Many Properties Have You Sold in The Past Year?
When selling your Hunter Valley property, you want an agent who is active and has a good track record when it comes to selling local properties. If they’ve only sold a few homes, or they have sold them for well under market value, they may not have the experience you’re looking for. It is also worthwhile to ask your Hunter Valley real estate agent what their previous five sales were. This will provide two pieces of valuable information for you, the first being to back up their previous sales record, and the second being to determine whether the price they’re quoting is based on previous market performance data or is wishful thinking. In addition to these questions, another beneficial question would be to ask if your Hunter Valley real estate agent is able to provide a reference, such as testimonials, from their past three clients as this will provide further validation of their performance.
Do You Recommend Auction or Private Treaty?
There are a few different ways to sell your home and each has its pros and cons, with different types of Hunter Valley properties calling for different marketing and sales strategies. You’ll want to ask your Hunter Valley real estate agent for their recommendation on the best way to sell your home. Ask your agent to explain the reasons as to why they believe this is the best method of selling to get the best possible results and whether they have any data on recent sales that can validate this.
How Do You Maintain Relationships With Buyers?
All good Hunter Valley real estate agents should be keeping an up to date database of potential property buyers. This means that when it comes time to sell, your Hunter Valley real estate agent should already have a list of qualified potential buyers to contact, and this will make the whole selling process easier and shorter.
Questions to Ask When Buying a Hunter Valley Property
Below are three questions that should be asked whether you’re looking to buy a rural property for sale in the Hunter Valley or looking at houses for sale in Singleton, and are deciding on a Hunter Valley real estate agent.
Can You Show Me a Recent Property Sales Report to Verify What The House is Worth?
It is essential that you have a good idea of the overall Hunter Valley property market sale trends prior to entering into any serious intent to purchase, however many people don’t ask for this basic piece of information. Your agent should be able to provide you with a property sales report that shows recent sales in your area including the sales price for Hunter Valley properties that are similar to the one/s you are looking at purchasing.
How Long Has The Property Been on The Market?
If you are looking at a property that has been on the market for a while, it is important to ask your agent why it hasn’t sold yet. There could be many reasons, such as an incorrect asking price or poor marketing. Generally speaking, if a property has been on the market for more than 6 weeks, there is a high probability that it has been incorrectly priced. A good question to ask is whether the Hunter Valley property has previously gone to auction and been “passed in”, as this would be an indication that there is a good chance of being able to negotiate a price privately as this would avoid the seller going through the auction process again.
Are The Sellers Open to Negotiating on Price?
The answer to this question will obviously vary depending on the seller and market factors, however it is important to ask nonetheless. You want to be sure that your Hunter Valley real estate agent is prepared to negotiate on your behalf in order to get you the best possible price for your purchase. If you are on a tight budget and are looking to snap up a bargain, you will want to be clear about this from the start so as to not waste time on properties in which the seller is not looking to negotiate on price.
Asking your Hunter Valley real estate agent the right questions will give you a better idea of whether they’re the right fit for you and what you can expect when buying or selling Hunter Valley property. It’s important that you feel comfortable with your Hunter Valley real estate agent and that they have the experience and knowledge to help you sell your home quickly and profitably, or buy for the best price possible. If you need help in finding the best Hunter Valley real estate agent for your property needs, don’t hesitate to contact us and let our expert team help on your property journey.