One of the first things that buyers do when their house goes on the market is to search for an agent to help them with the sale. They are one of the key factors that determine how easily a deal is made and how fast the house is being sold.
Here are five tips to help you avoid bad real estate agents.
Tip 1: Search for a dedicated person and not a part-time agent.
Some part-time agents may decrease their commission to get more customers. While this is a benefit for you, an alarm bell in your head should also ring.
You should also expect the marketing efforts to be limited when the commission is small. Higher commission is the incentive that agents need to work and sell their house. A commission rate that is too small may be a sign of an agent lacking dedication and unable to put in the effort necessary.
Tip 2: Make sure that your agent is based on quality, not just the cost.
Originally, selling your product for more than it’s worth is ill-advised from a business perspective. Customers see through it right and deliberately avoid it. If you are offered a listing price by a real estate agent that you consider too much, please bid them farewell.
The first few weeks are important when selling your house and the gestures made during that time could make or break your contract. Buyers might not even consider looking at your building.
Your real estate agent should be able to estimate your property’s value correctly and set a price that represents exactly the same.
If a house is overpriced, there is a high likelihood that there will be much anger and anguish. Finally, you may reach a point where more than anything you want peace of mind and end up selling your house for less than market price.
At first impression, you only get one shot. If that goes wrong, your entire effort could follow suit.
Tip 3: Search for an agent with house buying and selling experience.
Looking for a real estate agent who has sold many houses over the past year makes sense, but that doesn’t mean you can explicitly pick someone who has a lot on their plate.
Most agents offering higher rates tend to have on their list a significant number of houses. Those houses may eventually sell, but it may not mean they are all good deals. For a long time, they may have had several of those lists.
Therefore, make sure they have outstanding negotiating skills and are fully committed to selling your house until you employ the services of a real estate agent. They should also be able to understand the market and assess the house’s value accurately.
It’s better to have an agent selling 18 of their 25 homes, instead of 20 out of 55. Pick wisely, and get the deal done by a broker.
Tip 4: Don’t pay a slick seller; try a good negotiator
An agent who is a good business owner can easily add up to 10 percent of your home’s final selling price. If your house is priced at $500,000, you can get an additional $50,000 on the final selling price by hiring a good businessman. Try to find out how professional your agent is in business by cross-examining them on the sub-item.
Tip 5: The value of your home is stable, emotions don’t get in the way
The fact is that your thoughts on the correct value of your home matter less. The only person whose opinion counts for anything is the buyer who gives you an offer. Homes for sale is both an art and a science that has been bundled up into one. This means, on one hand, you should be comparing the value with that of recently sold similar properties.
On the other hand, you need to examine market trends, ie, are prices currently going up or coming down; and how many other houses are on the market in your area that will be competing with your home. In other words, you want to come up with a price range that most realistically reflects these factors. It is a delicate balancing act that only a good agent can master. Observe that your mental and absolute needs are not what your activism is worth.
