Common Mistakes Property Owners Make When Choosing Real Estate Agent
It is common for every homeowner to sell their property at maximum value possible, but it is always good to be realistic and determine the most appropriate price for your property before listing, this is because a good number of property owners have been lured into picking real estate agents who give them the highest quote of the house and ask for a considerably low commission. You should have in mind that a listing agent helps in estimating the right value of your property, a good and reputable real estate agent will give you a range of prices so that you can pick the one you feel closely represent the value of your property, in the end, it is you and interested buyer to agree on the final price of the property. To help you avoid making such kinds of mistakes and others when looking for a real estate agent this article outlines some of the common mistakes you need to avoid.
As briefly stated one of the primary mistakes most property owners make is to choose a real estate agent who gives them the highest quote and request less commission, this should be a red flag as the real agent simply want to lure you in maintaining him/her, a real estate agent who asks for a small commission below the usual 6% is likely to commit few resources to market your property, the consequence is slow property sale that may take weeks in not months, this can be frustrating and it would have been much better to sell the property yourself.
Failure to consider a local realtor is another mistake a good number of property owners make, what you need to recognize is that local real estate agents have a rich understanding of the local property market and therefore in a good position to give you the most accurate value of your property, local realtors have in-depth knowledge of local regulations that govern property transactions which contribute to smooth property sale with less hassle, it is also easy for a local real estate agent to show up as many times as possible to help you in preparing the property for sale compared to a real estate agent who is far from your property.
Property owners barely pay attention to the customer of the listing agent they are choosing, this has resulted in many regretting their decision because of hiring unavailable, uncommitted and dishonest real estate agent, the result of working with such listing agent is that you experience slow property sale and you lose trust with real estate agents. Those are some errors you need to avoid when picking a real estate agent.