Buying Real Estate in Bali
Bali Property Report
How to Spot a Good Real Estate Agent
(A Little Shameless Self-Promotion)
If you are looking to purchase a villa or sell a real estate property, having a skilled and experienced agent is essential. It can sometimes be hard to find; relying solely on online reviews and testimonials will only tell you half the story. Consider the following tips to unveil an accurate representation of potential real estate agents.
Ask friends/family for referrals
Referrals are an excellent way to reveal the quality of services offered by a real estate agent. Ask your friends and family for referrals and ask why they recommend that particular agent. This will provide you with detailed information, which can be used to determine whether a specific real estate agent is suited to help reach your real estate goals.
Read online reviews/testimonials
The internet is a great place to evaluate the quality of potential real estate agents. Many real estate agents share client testimonials on their website, whereas others share them on social media platforms. These testimonials, however, are unlikely to disclose any negative feedback. To ensure you have an accurate representation of a real estate agent, conduct an online search for user-submitted reviews and testimonials. You must collect the pros and cons of the services offered based on unedited experiences.
Look for a real estate agent with thorough knowledge of the neighborhood
Neighborhood knowledge is a valuable asset. The more a real estate agent knows about an area, the better. Your real estate agent should be highly knowledgeable about the area you’re selling or buying in to ensure your goals are met efficiently and effectively.
Once you have a collection of potential real estate agents, conduct interviews to narrow in on the specifics of each. There are various techniques real estate agents use to help clients buy or sell a home, as well as different levels and areas of expertise. These can include the number of years in the industry and communication styles. It’s crucial to find a real estate agent who aligns with your personal goals and preferences to ensure a successful experience.
Do you need a Buyer’s Agent?
Then appoint one. Unlike more established property markets, our market here does not have a super powerful and incredibly useful sites like realestate.com.au or Zillow. Most agents in Bali are keen to represent both buyer and seller, and while this may work well under the right conditions, maybe you need an ally who can source out the nitty-gritty on a range of agent’s listings from several agencies passes muster and warrants further enquiry.
Realistic recommendations and pricing for sellers
Exclusive listings benefit the listing agency more than they do the vendor in an open listing market. There, I’ve said it. Unless your place is valued in the multi-million dollar range and you have agreed to a $10,000 ++ marketing campaign, the exclusive listing just reduces the number of eyeballs that will see your property and you cannot sell a secret.
No real estate agent should suggest that you list your house at the highest price without first considering key factors. When selling your home, get listing presentations from at least three separate agents. They will be able to tell you how much similar homes have sold for within the area, how long they took to sell, and other valuable information and recommendations that are well calculated. Listing a price too high will result in it taking much longer to sell, or worse, buyers may not even look at it. The longer a house sits on the market, the more people will start to think something is wrong with it. Always select a real estate agent who provides realistic recommendations and listing prices.
Look for an Agent
The success of your investment depends greatly on the real estate agent you choose. Follow these guidelines to narrow down your search for a real estate agent who will help you navigate your home buying or selling process with ease.
Patrick for a chat today on Whatsapp +62 817 973 3031; [email protected]