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. What most property owners fail to understand is that real estate agents can only provide estimates of the value of your property to help you quote an ideal price that will not scare away potential buyers and not low that you feel cheated after the transaction, you have the final say on the price of your property and it’s up to you and buyer to agree on the final price. There are several mistakes homeowners make which can impact discourage them and here we listed some of them, so continue reading this article.
Selecting a listing agent because he/she gives you the highest quote and ask for a small commission below common 6 percent is a big mistake, the lesser the profit real agents get from your property the more likely they will commit few resources in marketing your property, the high value is meant to entice you into maintaining them so that they can have a huge listing which unfortunately most people consider as a measure of listing agent competency and reliability, you will experience slow property sale which is frustrating and stressful.
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.
Several property owners hardly consider the customer service of the listing agent they are hiring, this has left many complaining of unavailable realtors when they need them, dishonest and untrustworthy, working with such real estate agents can be stressful and frustrating and can discourage you from hiring a real estate agent in future to sell your property. Those are common mistakes property owners make when hiring a real estate agent.