Make an Agent Demonstrate Local Knowledge
“Local expert” has become such a common real estate description that I don’t give the phrase much weight by itself.
I would want to see what the knowledge actually looks like.
If I were interviewing an agent to sell my home, I might ask:
“Which recent sales would you use to help price this property, and why?”
That one question can reveal quite a lot.
Does the agent simply pull the nearest three sales?
Do they understand differences in lot size, renovation quality, layout, parking, building age, floor level or location within the neighbourhood?
Can they explain why one nearby sale is actually a poor comparable?
That is what local knowledge should look like in practice.
The same applies when buying. An agent should be able to discuss the properties you are considering in context rather than merely repeating the listing description.
I also would not make the opposite mistake and assume an agent must live two streets away to understand the market.
Geography matters, but analytical ability matters too.
A useful agent should be able to show you the evidence behind an opinion.