When it is about the Cayman real estate industry, agents are comparable to encyclopedias. They have an extremely important position in the Cayman Real Estate market. This fact however gives them the upper hand of supremacy and experience. It is upon you to test the depth of this experience. There are certain mandatory questions that you must ask an agent before declaring that you are ready to work with them.
- Experience tenure - Ask the agent how old he is in the market. The Cayman Property market is a highly active one and agents have to be agile while dealing in it. The best way to learn about this market is through experience and that is gained first hand on field.
- Area - Ask him whether he is familiar with your area. Cayman real estate scenarios differ according to the area where the property is being bought or sold. Rates differ a lot as do amenities. It is important that the agent is fluent with the area that you intend to do business at.
- Number of successful deals - Ask the agent how many houses he has sold till date. The number has to be visibly relative with the number of years he has worked for. Here, it would be better if you yourself do a bit of homework regarding what is the closing rate in the area where you are planning to sell or buy a house.
- Is he a CIREBA certified member? - This is extremely important. Being a CIREBA member would need the agent to follow certain standards for work and ethics. This ensures a better reliability.
- Is he there in the MLS? - That would expose you to a higher number of properties and keep your agent bias-less. This would apply more applicable to the buyers.
- Would he show you properties that are listed under other companies? - This again is an extremely important point. If the agent is bent upon getting properties listed under his company sold, that would hamper your search arena. Clarify in advance whether or not your agent would be lenient with property listed under another company.