Are you planning to sell your property or have your land listed for sale in Malaysia? The problem is that it is a tedious process and you do not have the extra time to deal with the process of getting the land for sale in Malaysia.
Real Estate Agent
Therefore, engaging with estate agent sounds like a good idea. However, you do not know where and how to find the right real estate agent to get your land for sale in Malaysia. You start doing your research and look for real estate agents online, you read the reviews by other their clients and you start asking for recommendations from your friends.
That is right, you are on the right track. But that is not the end of it. Here are a few handy tips that will help you in finding the right real estate agent.
- Select an agent with the right credentials
- How long has the agent been in the industry?
- What are your expertise and track records?
- Determining the price
- Duration and sales plan
- What should I do?
6 Tips to finding the right real estate agent
1) Select an agent with the right credentials
It is the same as being a doctor or a lawyer. You need a certificate to show that you are a qualified real estate agent. The real estate agent should meet the requirements, passed the examinations and be registered under the Board of Valuers, Appraisers & Estate Agents, in order to be qualified as a real estate agent in Malaysia. Do check the references before deciding on whom to engage.
2) How long has the agent been in the industry?
While it is true that the number of year practicing as a estate agent is not an indication of the skill of the real estate agent, this question is essential because it is an indication of how many different situations the estate agent has faced before. That being said, a real estate agent who has been in the property industry long enough will have better knowledge of the property industry. They will also know how to deal and handle with different situations, such as negotiating with different potential buyers. This knowledge will be useful in determining the price of your land and whether the area of your land is a hotspot therefore, stand a chance to be sold with higher price.
3) What are your expertise and track records?
Before engaging with the estate agent, you should know the expertise of the estate agent. You want to find the right real estate agent that specializes in your area of interest and it would be an added advantage if he knows the neighborhood well. Choose the real estate agent that is a neighborhood expert. As for their track records, it serves as a guideline for you to decide if you want to engage with their service or not, based on their number of success deals. You could also find out if the agent is of good fit in terms of disciplines by checking through the Board of Valuers, Appraisers & Estate Agents.
4) Determining the price
Everyone wants to sell his or her lands for a good price and make a profit out of it. A good agent will keep himself or herself updated with the market price or market on goings. Knowledge like this will ensure that you are selling the land at a right price with the right advice before deciding on a price. Ask for the price range for properties in the same area. A price that is too high will risk missing out on many potential buyers whereas a price that is too low is similar to giving out the land for free. Either way, you do not want to take the risk of selling the land at a price too high or too low. In addition, do also ask around for the estate agent’s commission and closing fees to make a comparison before deciding on whom to engage with.
5) Duration and sales plan
Know the sales plan of the real estate agent. Be a part of the plan and know what the estate agent is going to do next. The agent might have a really good marketing plan for your land for sale and you do not want to miss out on any details of the plan. Make sure that the details of your land are correct as well. Have a rough guide on how long it will take for the agent to sell your land based on his or her expertise.
6) What should I do?
Lastly, ask the agent on what you should do to your land before getting it listed for sale. There are many factors that will affect the price or value for your land. A professional real estate agent will advice you accordingly on any mandatory renovations or repairs or even pest control that you should do on land to bring out the best out of it. They might even suggest a few budget friendly ways to beautify your land ad make it more appealing to potential buyers.
These 6 questions will be handy if you are looking for a real estate agent to get your land for sale in Malaysia for a good price. After interviewing a few real estate agents, it is time to pick the most suitable estate agent to help you deal with your business. Most importantly, trust your feeling and gut instincts, if there is anything that you do not feel right, it most probably is wrong.