Selling your house is indeed one of the most stressful things you can encounter. Imagine not making the right decision and spending some time in a hotel, selling for a way lower price, and a bunch of stress. We have the trick to avoiding all of this – choosing a great real estate agent!
Even if you don’t want to admit it, sometimes you may need help from an expert, and being in the real estate field is definitely one of those times. Still, making the right decision can be tough, as there are many realtors out there.
This is the perfect guide to give you some tips on this important step.
Be Aware of Which Real Estate Agent to Avoid
The first thing you should know about picking a real estate agent is basically which one not to go for. This step is as easy as it can be – avoid agents that represent both the seller and the buyer. Also known as dual or transaction agents, they need to fulfill the interests of both sellers and buyers.
In other words, such realtors make it hard to sell your house at a price that is favorable for you. You should also be aware that the agent will receive two commissions instead of one. Due to this, they may even limit the exposure of your selling house. They’ll be basically looking for customers that don’t have an agent so they can profit from them too.
Additionally, listing agents that get a high percentage of the sales are not a good choice as well. This is because they look for more money, instead of making you the best deal. Let us tell you a trick – go for a realtor who hasn’t represented both buyers and sellers in more than 10% of its cases.
Always Compare Realtors
Nowadays, everyone searches for a real estate agent online. There are many advantages to this, such as allowing you to compare qualities, prices, etc. For example, you may like a real estate agent who sticks to consistency, such as using the same commission, being transparent, utilizing a personal logo on the post, etc. You can also disqualify agents easily. So, let’s go over the factors you should follow:
- Reviews: The main thing that will reveal the agent you’re considering hiring is the honest user reviews. They will provide their experience, allowing you to understand whether they were satisfied.
- Sold houses: Their selling history plays a huge role. The more sales, the more pleased customers. However, make sure to search for statistics where the realtor represented the seller, not the buyer.
- Price: Ultimately, you should focus on the price range. Depending on how much you would like to earn, try to go for an agent that sells within that range. If they have experience with cheaper or higher sales, it’s very probable that you won’t get the deal you desire.
Get in Touch with the Realtor You Plan to Hire
Contacting the agent you would like to sell your house is very important. In fact, it’s best if you ask them to spend some time and ask a few of your questions. This is important so that you can figure out how reliable and experienced your realtor is.
One of the most important questions is whether they have experience selling in your area. While you may not perceive this as a very important criterion, it indeed is. Prices vary from area to area, so your agent should have some knowledge about this.
Also, you need to be aware of their selling strategy. Even though you may not be so familiar with the process, it’s still good to ask, so you can know what to expect, how will everything go, and whether you’ll have some additional costs for their services.
Last, but not least, ask for their opinion on how much would they estimate your house. Still, make sure that this price is based on a comparative market analysis, which will compare your home to other ones selling around your location. Keep in mind that minor adjustments can be made due to the conditions, size, etc.
Avoid Agents that Overprice Your House
Earning more than you’ve planned is nice, but is it really worth it? This approach is appealing to the seller, but you shouldn’t forget that it will turn away interested buyers. As we already mentioned, anyone can make a comparative market analysis, and when they see that your home is way above the top limit, they’ll just search for another option.
Unfortunately, as your house will stay listed for a while, the agent will then lower the price more than needed. Both ways, the end result is not the best for you. You’ll either receive less than you wanted or your house won’t get sold.
Always Explore the Realtor’s Selling Strategy
Some real estate agents have higher rates of sales due to the effective strategy they use. Let’s see what that plan should look like:
- Identifying the most suitable buyers
- Deciding how your house will appeal to them
- Promoting the offer through the right marketing channels
Based on this, it’s crucial to pay attention to the plans of the agent you hire. In fact, you must discuss these details before hiring anyone.
Wrapping Up
Selling a house can be tricky. Luckily, you can simplify the whole process with the best real estate agent. There are a few things you must pay attention to, including their experience, approach, or whether they have a history as a dual agent.
After going through everything we’ve discussed today, you should find a reliable and effective realtor. Wish you luck!
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