How do I Choose the Best Property Brokerage?

Malcolm Tatum
Malcolm Tatum
Malcolm Tatum
Malcolm Tatum
Businessman with a briefcase
Businessman with a briefcase

Choosing the best property brokerage is extremely important if you want to get the best possible price for the property in question. There are many different ways to search for brokerages of this type, including online or through some type of national or international network. In order to make sure that the property brokerage firm selected is the best for your needs, make sure to consider such factors as the reputation of the brokerage, the schedule of fees, charges and commissions that apply, and the expertise of the brokerage in selling similar properties.

When investigating the reputation of any property brokerage, it is important to look closely at how that business is perceived in the community where the property is located. One mistake that many people make is to look at the reputation of a nationwide brokerage and assume the quality of service offered in other places will be similar in the local setting. Rather than making that assumption, find out how others in the community perceive the professionalism, integrity and honesty of those working in the local office of that national brokerage. Only consider them as a viable option if that local reputation is positive and appears to meet your own personal standards for business partners.

Along with reputation, it is important to select a property brokerage that has experience with the type of property you wish to sell. Some brokerages take on properties of all types, while others may specialize in a limited number of property types. If you have a manufacturing plant to sell, working with a hotel brokerage is likely not the best idea. Make it a point to ask for references from clients who have sold similar properties through the brokerage, and contact the references. If those clients indicate they are happy with the way the property brokerage firm handled their properties, consider the firm a possibility.

In order to achieve the maximum return on your property, it is important to look closely at what types of charges and fees each potential property brokerage will assess while attempting to sell your property. This includes getting some idea of the percentage of the commission that will be due once the property is successfully sold. Keep in mind that while one firm on your list may be the cheapest brokerage, that does not automatically mean it is the best option. Go with the cheaper firm only if the necessary expertise, positive client feedback, and general local reputation of that brokerage is equal to your other options. By basing your decision on more than just cost, the chances of finding the right property brokerage and selling your property at a reasonable price are greatly enhanced.

Malcolm Tatum
Malcolm Tatum

After many years in the teleconferencing industry, Michael decided to embrace his passion for trivia, research, and writing by becoming a full-time freelance writer. Since then, he has contributed articles to a variety of print and online publications, including wiseGEEK, and his work has also appeared in poetry collections, devotional anthologies, and several newspapers. Malcolm’s other interests include collecting vinyl records, minor league baseball, and cycling.

Malcolm Tatum
Malcolm Tatum

After many years in the teleconferencing industry, Michael decided to embrace his passion for trivia, research, and writing by becoming a full-time freelance writer. Since then, he has contributed articles to a variety of print and online publications, including wiseGEEK, and his work has also appeared in poetry collections, devotional anthologies, and several newspapers. Malcolm’s other interests include collecting vinyl records, minor league baseball, and cycling.

You might also Like

Readers Also Love

Discuss this Article

Post your comments
Login:
Forgot password?
Register:
    • Businessman with a briefcase
      Businessman with a briefcase