How soon should you call your Realtor if you are looking ahead to buying or selling? | HomesMSP | Real Estate Minneapolis (2024)

How soon should you call your Realtor if you are looking ahead to buying or selling? | HomesMSP | Real Estate Minneapolis (1)
If you are thinking about making the call (or text or email), itā€™s probably timeā€¦ even if you arenā€™t planning to actually make the move for another six months or even longer. Sellers should call earlier than buyers, sometimes even a year or more before planning to make the actual move.

The bottom line is, contact your agent whenever you have a question or need some helpā€¦ that is what we are here for!

SELLERS

Contact us before doing any improvements to sell your homeā€¦ focus on decluttering, cleaning and basic repairs first, then call your agent before doing anything else. Your Realtor knows your market and can advise you on what changes will have a positive impact for your specific homeā€¦ what is and isnā€™t recommended may surprise you. Also start looking online at houses in your area to get an idea of how your competition is preparing, staging and pricing their homes.

Some things you should discuss with your Realtor when you get together at yourhome areā€¦

  • Current market,what your house might sell for and your estimated net proceedsā€¦possible variations based on potential impact of improvements you may be considering
  • If you will be buying after you sell, what is available for you to buyā€¦ maybe make a ā€˜buyingā€™ tour of homes. Does it financially make sense to make the move? Do you have special requirements with limited property choices so it makes more sense to buy first if you can?
  • If you decide to move forward, your Realtor can help youmake decisions on what you should do to make your home have greatest appealā€¦ improvements should match the market for your particular home and neighborhood
  • Your Realtor will likely also bring in a stager to help make decisions on things such as paint colors and decorā€¦ staging is very different from decorating, and sets the stage so buyers want to picture themselves living in your home
  • Ifwhere you liverequires a city inspection before you sell, be sure to have that completed before hiring anyone to come in and do any workā€¦ coordinate required repairs to be done at the same time

Stay in touch with your Realtor as you make progress on your plan. The two most difficult parts of getting ready to sell are oftenā€¦ declutter, then declutter again, then declutter again!ā€¦ and CLEAN, CLEAN, CLEAN every nook and cranny including closets, drawers, cupboards, garage, ceilings and light fixtures, and mostly importantly kitchens and bathrooms.

BUYERS

  • Not surprisingly, 93% of Minnesota buyers start looking for homes on the Internetā€¦ a good wayto initiate the shift from dream to realityis driving by properties of interest in different neighborhoods to start defining location. Location isso important because that is something you canā€™t change and it can have a profound impact on how happy you are with your new home.
  • After your initial digging, itā€™s a good idea to contact your Realtor even if you arenā€™t ready to buy yet. Have them set up an automated MLS search for you of different neighborhoods of interest to get a sense of what kinds of properties are available at what price. Start going to open houses to actually get inside the homes.
  • It is a good idea to also contact a lender at this point to help you focus in on price rangeā€¦ and also find out if there are things you can do to assure you get the best interest rate, such as tips to improve your credit score or correct errors on your credit report.
  • Once you are about4-6 months from your target closing date it is time to meet with your agent, more clearly define what you are looking for and start actively lookingā€¦also get your financing pre-approval. Average time to find a home is about 3 months, plus another 1-2 months from purchase agreement to closing.

Finding the right home is a process, which I find usually starts fairly broad and narrows focus as we start actually looking at properties. Contact us whenever you have any questions about a property or a neighborhood or find a property you simply must seeā€¦ I usually recommend seeing at least one other property in the neighborhood for comparison with properties in serious consideration.

Sharlene Hensrud, RE/MAX Results Realtor ā€“ Email ā€“ Minneapolis-St. Paul Buyerā€™s Agent

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How soon should you call your Realtor if you are looking ahead to buying or selling? | HomesMSP | Real Estate Minneapolis (2024)

FAQs

How early to start talking to a Realtor? ā€ŗ

The most significant factor when determining the best time to contact a real estate agent is whether you want advice from a professional about which home improvements or repairs you should make before selling. If that's your intention, it's a safe bet to contact a realtor about three months before you want to sell.

What not to say to a real estate agent when buying? ā€ŗ

8 Things You Should Never Say When Buying a Home
  • 'This is my dream house! ...
  • 'That couch is hideous' ...
  • 'I can afford to spend X' ...
  • 'I can't wait to get rid of that' ...
  • 'Why are you selling? ...
  • 'What's it really like to live here? ...
  • 'You'll never get that price! ...
  • 'I'll give you [an extremely lowball offer] for this house, whaddaya say?
Apr 4, 2024

What do you say when contacting a Realtor? ā€ŗ

Here's a template to use when reaching out to a Realtor: ā€œHi [AGENT NAME], My name is [FIRST NAME] and I'm looking to purchase a new home in [LOCATION]. I've pre-qualified for a [DOLLAR AMOUNT] loan and am looking to buy a house that has [X] rooms and [X] baths in [LOCATION].

Why do realtors not want buyers and sellers to meet? ā€ŗ

ā€œWhen a buyer and seller meet during the transaction, it makes things messier,ā€ admits Michele Harrington, the chief operating officer of First Team Real Estate in Irvine, CA. ā€œIf they don't get along, the negotiations become much more difficult. Both parties may start digging their heels in over little details.ā€

What is the best time of day to call a real estate agent? ā€ŗ

How to Create an Effective Real Estate Cold Calling Strategy
  • Times to Call. Research shows that the best time to call new leads is between 4 p.m. and 5 p.m. ...
  • Days to Call. Generally speaking, Wednesdays and Thursdays are the best days to cold call prospects. ...
  • Time Periods.
Mar 29, 2023

Is it okay to talk to multiple realtors? ā€ŗ

You can work with multiple real estate agents if you haven't signed an exclusive contract. However, working with multiple agents is considered by many to be unethical or, at the very least, impolite. The practice may yield few benefits for homebuyers and sellers and fewer benefits for agents.

What not to say to an estate agent? ā€ŗ

Six things buyers should never do when dealing with an estate...
  • DON'T give them your real email address.
  • DON'T bother speaking to their recommended mortgage broker.
  • DON'T use their recommended conveyancing service.
  • DON'T downplay your budget.
  • DON'T accept what they say about other interest or offers they have received.
Mar 1, 2024

What scares a real estate agent the most? ā€ŗ

1) Fear of rejection.

This is often the first thing to come to mind when realtors are asked to share their biggest fear, especially for those agents who are new to the industry. It's a scary thing to put yourself out thereā€”to go door-knocking or cold-calling.

Can an agent tell you what the highest offer is? ā€ŗ

While some REALTORSĀ® may be reluctant to disclose terms of offers, even at the direction of their seller-clients, the Code of Ethics does not prohibit such disclosure.

How do I tell my REALTOR goodbye? ā€ŗ

Just be honest and upfront when you want to end things, so the agent doesn't continue to search for houses for you. However, written notification with the date you are terminating the relationship will help protect you from paying unnecessary commission should a dispute arise after you've moved on.

Is it better to call or text a REALTOR? ā€ŗ

Calls demand an immediate answer and clients may feel pressured or put on the spot when they pick up. However, texts or emails allow the client to think through a response carefully and could go a long way in making customers feel more comfortable with their agent, thus building trust.

How do you start a conversation with a REALTOR? ā€ŗ

How to Talk to a Real Estate Agent
  1. Work with one agent. Be direct and ask your agent about terms of exclusivity if you are unsure. ...
  2. Be clear with how you want to communicate. Do you prefer phone calls, texts, emails, or face-to-face? ...
  3. Communicate your wants and needs. ...
  4. Ask questions.

Do buyers and sellers close together? ā€ŗ

Both buyers and sellers do have to sign for a closing, or have their legal representative sign if they are not able to be there. A seller may be out of the country for instance. They usually close the same day but at different times.

What do realtors struggle with the most? ā€ŗ

Here are five of the biggest challenges real estate agents encounter on their road to success ā€“ and how to overcome them.
  1. Market Fluctuations. Nothing stays the same in real estate. ...
  2. Fierce Competition. ...
  3. Long Hours. ...
  4. Time Management.
Nov 18, 2023

Is it unethical for a realtor to date a client? ā€ŗ

While real estate companies don't usually have rules about these types of situations, the overall consensus is that brokers should use their best judgment and not get involved in a romantic relationship with a client until the business part is over.

How do you start a conversation with a property agent? ā€ŗ

These tips will help you communicate effectively, and get you into your new home sooner.
  1. Work with one agent. Be direct and ask your agent about terms of exclusivity if you are unsure. ...
  2. Be clear with how you want to communicate. ...
  3. Communicate your wants and needs. ...
  4. Ask questions.

What is the busiest day for a realtor? ā€ŗ

Saturdays and Sundays should be busy showing property and writing offers. Monday is typically 'paperwork day' - presenting offers, handling counter offers etc. Tuesdays, for some reason is nearly universally the day that offices have their meetings.

What is the best time to post to a realtor? ā€ŗ

According to Fast Company, though, between 1 p.m. and 4 p.m. is the best time to post, with Wednesday at 3 p.m. being the prime hour during the week. However, this doesn't mean you can't post any other time between 8 a.m. and 8 p.m., as long as it's valuable content.

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