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Updated over 10 years ago,
Help... How do I pick the right agent to sell my property...
My brother and I just recently inherited from our dad and mom a large amount of rental properties, a couple residential properties, commercial buildings and a couple vacant lots. But we inherited no cash. That was actually embezzled by our sister (long story).
There is some money owed. To another beneficiary, our attorney, a couple old credit card bills, etc. (only 1 small mortgage of $50,000 on 9 properties). We have been going back and forth about selling the family home. I know it will sell quick and a great price.
We have been getting ready to sell it for about a year. During this time I've been dealing with a couple (that work for one of the bigger agencies). They have been great and given us a lot of information on selling the house and what we may want to buy next.
Then more recently a really good friend of mine introduced me to a lady who has a lot of experience in real estate and is also big on banking and she has a lot of resources. So I like both the agents and not sure who to pick to list the house. I almost think I might have to flip a coin?
What do I need to ask each of them? I am not sure what commissions are and I don't understand points or what an agent needs to do for paperwork and escrow. Would love to hear your suggestions. Thanks again.