Minneapolis Minnesota Real Estate Blog

Mike Weiland Discusses the 10 Deadly Questions You Should Absolutely, Positively Get Answered Before You Sell Your Condo on the Downtown Minneapolis Real Estate Market!

Note: To find the best deals on Downtown Minneapolis condos as well as insider information about privately available condos, click here!

Not every single Real Estate firm in Downtown Minneapolis are the same. Before you make the decision to seek an agent's services to sell or buy your condo, you should have accurate and detailed information.

Selecting the appropriate sales rep in Downtown Minneapolis is an issue like this is quite crucial. It can mean the difference between saving or spending thousands of dollars. Listed below are some important questions that you should ask in order to make sure you get a quality representative who is suited to your unique needs. A lot of sales reps located in Downtown Minneapolis wold rather you choose to ask these questions, their honest answers can give you guidance in deciding whether to select this particular agent. Real Estate, as in life - not all things are created equal.

Hiring a real estate agent in Downtown Minneapolis resembles every other hiring procedure - with you positioned in the employer's chair. Buying real estate is a huge financial investment and you want to make sure that you have the right people on your side. Following is a list of things you need to be sure to ask your agent as soon as possible.

First in a series. How simple is it for a potential buyer to learn about my condo?

You might be amazed to realize that the pair of promotional tools that sales reps utilize for the sale of condos (the open condos and big company ads) are actually not very effective at
all. Their condo as a result of calling on a company ad, and less thatn 1% of condos are sold at an open condo and in fact, according to the national association of realtors, less than 3% of people purchase. How do most condos in Downtown Minneapolis sell? The Multiple Listing Service - Plain and simple When an agent puts a condo on the MLS, EVERY agent from EVERY company has access to show and sell that condo.

Another thing to keep in mind is that the people who contact you to ask about your condo are most likely just as busy as you are. No one wants to deal with having to play a game of phone tag with an agent or an unsolicited sales pitch. With a specific ID # for your condo which gives buyers access to detailed information about our property day or night 7 days a week and make sure the ad your agent places for your condo is attached to a 24 hour pre-recorded hotline. Calls for information on your condo under this system produce 3 times as many potential buyers. Don't forget that it's better to have more buyers competing for your condo than fewer, because this promotes an auction-like atmosphere and puts you in control.

II. What is your commission and why are you worth it?

Never go along with a commission amount if you haven't had a demonstration of precisely what the sales rep will do to earn it. Real Estate Commissions are NOT set by law - FACT

3. Do you need any assistants, and if so how many?

A majority of agents work alone with no support, making it hard for them to give you a consistently higher level of service. There are several different segments in real estate jobs. You wouldn't expect a doctor or lawyer to answer phones or type letters either. Downtown Minneapolis Realtors ought not waste their time with uncomplicated yet lengthy chores that they could easily assign to underlings. You should ask yourself how much time they really have to get you condo in and if the agent doesn't have assistants to cover each aspect of your transaction. Downtown Minneapolis done deal. It should be noted that the responsibilities of an administrative assistant differ greatly from that of a receptionist at a given company. Assistant only works for one agent and is a licensed real estate professional, while the receptionist works for ALL of the agents.

Fourth point: How, specifically, do you attract buyers?

The Realtor ought to be capable of providing a detailed explanation of how they lure prospects and furnish you with proof. If they don't cooperate, hire someone else! Never employ a Realtor who boasts that their reputation alone will lure prospects! Get them to prove it!

5 has been sold in my area what

An agent should also provide you with a list of comparable sales in Downtown Minneapolis.

6. What specific Advertising will you be doing to get our Downtown Minneapolis condo sold?

You know you are in trouble if your agent seems to believe it will be possible to sell your condo using only one method, such as an open condo, a mediocre website, or a big company ad. Play them be specialized and put
what business they declare in penning!

.7 On average, when your listings sell, how close is the selling price to the
asking price?

Their performance on this measurement will help you predict how high of a price you will get for the sale of your condo.

Eight. How many buyers are you currently working with? Do you have a list? How do you keep a record of people who buy from you?

Of course, you will have a better chance of selling your condo if your agent is working with more buyers. Where many buyers bid on your condo at the same time and it will also impact price because an agent that qets many buyers can set up an auction-like atmosphere. Insist on viewing the listings and hearing how they deal with such purchasers. (They should ALWAYS have a buyer list with them) They will certainly need a computerized system to keep track of them and if they have a lot of buyers. If they refuse to show you a list of their prosepctive buyers, go and sign up with another representative.
Note- The difference between a lost of buyers and a print out of a database is BIG A real list of prospects ought to include the purchaser's financial credentials along with the kind of real estate they are looking for. Anything other than this type of list just doesn't cut the mustard!

This is the ninth point What is the thing that sets you apart? Why are you the right agent to sell my condo?

The housing market is a lot rougher now than half a decade in the past. plans and programs does this agent have in place to make sure that your condo in Downtown Minneapolis is a cut above the rest of the condos for sale? What does this agent offer to you to sell your condo that others don't, with no hassle and for the most amount of money? What type of technology do you use to help sell my condo? Can you give me a demonstration of that technology? Interactive websites, talking condo radio transmitters, fax-on-demands etc and note-some of the most effective tools in real estate today are 24 hour hotlines. Remember, have them demonstrate while they are at your condo.

X. Will I be able to delete my listing whenever I want?

Your listing at any time if you decide not to sell your condo or if you are not satisfied with the service being provided and don't ever sign anything unless this agent can guarantee, in writing that they will cancel.

Bonus Question : Ask them how their services compare to other companies and be specific. Ask them about specific companies.

Should they make any adverse remarks concerning a different firm, or attempt to depict another firm in a bad light, employ a different agent! you should get the facts yourself Run the other way if your agent starts boasting about the company being "Number One" or bragging about how good they are and how many condos they have sold. Sometimes it seems like most real estate companies Downtown Minneapolis is claiming to be 1 any longer.
Located at 226 Washington Avenue N in Downtown Minneapolis, Minnesota we encourage you to compare any other company’s services to ours based on FACTS not FICTION!

There is a lot of free information available to you about buying, selling or investing in Downtown Minneapolis Condos or Minneapolis Lofts. For complete information about the Downtown Minneapolis Condo market including current Minneapolis condos for sale, values, and more please visit the most complete website online dedicated to everything Downtown Minneapolis Condos at www.LivingInDowntownMinneapolis.com. Contact Mike Weiland & Elke Stephan with Edina Realty with any of your condo or mortgage related questions today. Call 612-735-6834 or email mike@mikeweiland.com.

P.S. To find the best deals on Downtown Minneapolis condos as well as insider information about privately available condos, click here!