Commonly Asked Questions About Brokerages And Real Estate

Author: Tracy Phelan, Broker RE/MAX Garden City Realty Inc. Brokerage | | Categories: #FinancialServices , #MortgageBroker , #RealEstateAdvice

Blog by Tracy Phelan Broker RE/MAX Garden City Realty Inc. Brokerage

As a company working on real estate, we were getting a lot of work done over the pandemic. Many wanted to move from the city to the suburbs with city rent skyrocketing, and for the most part, they worked from their homes and were barely going to the office. We worked on understanding the clients we were working with and making suggestions based on their requirements.

There are various clients, and we have to learn about their mortgage plans and budgets before we can make suggestions about the best place they could work. When clients are looking for a good real estate broker, they usually have a bunch of questions that they should get cleared and clarified before they start working with someone. To make the process that they are getting through easier, we thought we should start documenting some of these questions to give them a little more information so they can get through the process with ease.

1. What is your inline strategy to attract buyers to my home?
When it comes to the work we handle, there are many requirements to get through. When we are working on getting a house sold, there are times that we add the information online. We even have a wide range of people we can connect with who would be in the best position to connect. When it comes to finding a buyer for your house, we would put you in touch with the right people and even work on brokering the deal. We assist with finance options which makes the process that much smoother.

2. How many people do you speak to everyday about the real estate business?
We are always talking about the real estate business. We manage to weave that into every conversation that we have. While I might not have a number off the top of my head, it is a lot of people we are speaking to.

3. Do you do any other type of work besides real estate?
We work in real estate and brokerage for the most part. There are times when we might want to go a little above and beyond for our clients and connect them with financial institutions that would be able to assist with the process. Additionally, we would be more than willing to work on various other processes that would be able to connect them to the work that they are doing.

4. What percentage of homes where you represented the seller vs. the buyer last year?
We have been in this business for three decades which would be ideal when we work through some of the processes. At times, we represent both the seller and the buyer, but for the most part, we pick one side because that would make the negotiation easier. 

5. How many homes did you sell last year?
As a company, we represent a wide range of clients spread across various parts of Canada so we have a lot of connections who would be able to assist us with our requirements. I don't know the exact number, but we sold more than a couple of houses last year. 

6. What is your list price to sales price ratio over the last 90 days?
When we coordinate these specifics, we have a bunch of variables to account for. We have conversations with our clients to ensure they get the best deals possible and work backward from there. There are many changes that they would have to get through if they want to get through the process.

7. Of the number of listings that you didn't sell last year, why didn’t they sell?
Some of the listings were of a higher value than the others on the block, so finding a buyer can be challenging. Additionally, when there are reasons for an increased cost, and they are not directly visible, a few clients lose interest. We have to work on educating them on how we handle the math and how they would be in the position to assist with getting through the process. 

8. Will I be working with you, or will I be working with a team member?
Most companies have various staff who assist with the process, and we do the same. However, when it comes to the larger decisions, I would always guide them on how they could get through the process. No matter who you work with at the company, you are in good hands. We would always be informed and consult with everyone on the team to make sure that you have the best experience getting through the process. 

9. Can you give me a list of your last 10 clients with their contact information?
If you come in for a meeting, we can provide you with all the information you want. We would even connect you to a testimonial section on the website and proper reviews that are all added on Google. We are always open about our clients adding their thoughts on the process on our website. We are more than happy to assist them and would want feedback on how we could have made the process easier.

10. Can you show me a copy of your daily schedule?
We might be open to that, but that would depend on the specifics. We would not be able to give away confidential information about the places we are going to. Overall, the schedule is quite tight and full but we can always work around it and fit in a meeting or two if needed. Get in touch with us if you are planning on coming in for a meeting, and we would be more than happy to assist.

If you are looking for a real estate agent or realtor in St. Catharines, Niagara Region, you should connect with Tracy Phelan Broker RE/MAX Garden City Realty Inc. Brokerage. We assist our clients with getting their properties moving as quickly as possible. We understand their requirements, timelines, and cost structures and speak to them about our capabilities. We inform them about the process, the changes we make, and how we would move forward. If you want a better understanding of our services, we work on buying and selling real estate. If you are looking to connect with us or think we can assist with a requirement that you have, please click here.