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Questions to Ask Your Realtor and How They Should Answer

April 22, 2018 by Jimmy

Key Questions  to Help You Choose The Right Realtor

 

 

  1. How long have you been a Realtor?

    Someone who has been a Real Estate Agent 1 year may be the next best thing but do you want to be the one who finds out?  This is possibly the biggest financial decision you will ever make.

  2. Are you full time?

    There are many Real Estate Agents in the Greater Louisville Association of Realtors who sell part time.  Especially in a market like we have currently. Do you want to miss out on your dream home because your Real Estate Agent is at their other job?  Also, if this is their full time job, their attention to the business is probably a little higher than a part-timer.

  3. How many homes have you sold in the last few years?

    Louisville is an 8 billion dollar real estate market.  There are currently 3,000 listings and 4,000 members of the Greater Louisville Association of Realtors.  Many have as little as 3-4 transactions a year. Good Real Estate Agents will have at least 20 with great Real Estate Agents averaging 50+.  Ask for their stats, if they have not done 10 million in real estate transactions or represented 20 sides of a real estate deal I would question how good they are.

  4. How do you get paid?

    If you are selling your home assume you are going to pay 6% (on average) commission on the sell price of your home.  On average 3% is going to the selling agent and 3 % is going to the buying agent. There is no set rule, commission structures are set by individual offices, but 3:3 is an average.

  5. Are there fees?

    Sellers should only have to worry about selling agent and listing agent commission and maybe a listing fee to cover equipment, marketing, pictures, and staffing your listing.  Buyers agents should be commission only, no extra.

  6. Who do you work with for loan, closing and inspection?

    Agents will have an extensive list of local vendors.  Local vendors mean less hiccups. Your agent should be able to pick up the phone and say, “Hey Mr. Loan Officer, WTF?  Fix it!” If they do not have a strong relationship with the vertical vendors to real estate deals – good luck.

  7. Are you a broker?

    Brokers of a real estate company are the owners.  They are the one who makes the decisions. Working with a broker is always best.  They are the most knowledgeable, most flexible and most accountable in a transaction.

  8. Are you local?

    Is your Realtor associated with a national big brand or a local agency?  Local agencies have an intimate knowledge of the market. Big Brands have a national policy the applies to every market.  Louisville is the biggest ‘little town’ in America. Local agencies are the lifeblood, and they understand the trends on a micro level.  Big Brands think macro and develop trends and procedures based on markets like California and New York. How does that impact the price of tobacco, bourbon or houses?
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Filed Under: Louisville Real Estate, Real Estate Agents, Realtor Tagged With: Louisville Real Estate

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The Jewell Smith Group is a place of relationships and Customer Confidence. Our agents work with clients making the biggest financial decision the easiest. It takes trust, commitment, and collaboration to make buying and selling a home more than a transaction.

Buying and selling starts with dream, an aspiration, a conscious decision to change one’s home and start anew. It’s a journey and at the end of the journey our partnership will have guided us safely to our destination. They are mutual and it’s only a matter of time we get there together

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My husband and I highly recommend Jennifer and Jimmy Smith, The Jewell Smith Group! They have been a blessing from God, truly. We could call on them at any time, and they would happily answer any questions or concerns that we may have had. They helped us find the perfect New Construction for our family! We can’t thank you guys enough!!! You all will be our lifelong Realtors!!!

Gabrielle Robertson
 

Very helpful and very quick responses! Our house sold in pretty much less than a day! Also, they are great with looking for a house and always willing to meet up!

Molly Laws Mershon
 

You'll find professional, caring individuals here that want to listen to what you want to achieve then define what is possible in today's market. Great people to deal and very detailed oriented who will guide you in buy / sell your home. Make sure you consult with Jennifer and Jimmy when you feel it is time to buy / sell.

Nick Ellis
 

Great team to work with! They have helped us buy and sell land and houses over the last 7 years! We have referred multiple friends! Love them!

Lindsey Shapuras-Graves
 

Jimmy did such a great job finding my daughter a great starter home! Such an easy experience

Sondra Apanewicz
 

So this just happened! This week I sold my very first house and purchased my new home. It was a long processed but God is more than faithful and surpasses my wildest thoughts and dreams. I am so undeserving but he continues to shine his light on me and I am more than grateful! Here’s to new beginnings... The Jewell Smith Group

Whitney Hodge
 

I was referred to Jimmy & Jennifer through my mom. They were there every single step of the way. No matter what they were doing they made sure to answer my call and reassure me everything was going well. They found me my home on the first day hunting. They got the price lowered, got the seller to pay closing costs, and had them repair everything that came back on inspection. Jimmy & Jennifer are a great team and amazing at what they do. I would definitely recommend to anyone house hunting or looking to sell. They make it less stressful and put some fun into it. They even purchased me 3boxes of diapers of closing day. I can't thank you enough for all you have helped me accomplish this past month! I will definitely be back when it comes time to sell and find a bigger home!

Ashley Apanewicz
 

Beautiful - this is an amazing transformation! We lived in this house for ten years back in the 80s-90's. (moved out 20 years ago)

Wayne N Carolyn Arnold
 

I can't say enough about Smith Reality!!! Jennifer went above and beyond in helping us sell our home last year and our parents home, recently, within 24 hours!! She's quick to answer calls and any question you may have! Very easy to talk to as well! Don't hesitate to contact her with any real estate needs - she's your girl!! Thanks again Jennifer, for everything!!

Melissa Blakeman McGrath
 

By far the best! Highly recommend! The professionalism, hard work, dedication and commitment of Jimmy and Jennifer is second to none!

Gary Motley
 

This team helped us find our home very quickly! They were extremely helpful throughout the entire process which helped us to relax without the stress. I'm thankful for this team and all of their support!

Shelby Marie Wilson
 

I HIGHLY recommend The Jewell Smith Group if you need a motivated Realtor. They will never let you down!! Jennifer sold my parents home within 24 hours. Thank you guys for everything, I cant thank you enough!! You guys are AWESOME!!

Tammy Goodlett
 

Loved our experience with Jennifer, my husband and myself were first time home buyers, and she made it super easy! Never complained about the 5 million questions I had and was always on top of everything! Will use again if we move!

Casey Collett
 

I highly recommend the The Jewell Smith Group. Jennifer was very knowledgeable and helpful throughout the entire process of selling my Mom and Dad's house. Thanks Jennifer for all you did for me.

Sharon Lowen Mudd
 

Jennifer did an amazing job selling my first house...it sold in 10 days for more than the original asking price! Would highly recommend!

Stephanie Smith
 

We absolutely loved working with Jimmy Smith i have bought and sold a lot of homes over the years and this was my best experience of all. I would give the The Jewell Smith Group a A+ (Awesome Team Work)

Dean Johnson
 

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