Common Mistakes Property Owners Make When Choosing Real Estate Agent
Some real estate agents have recognized the insatiable desires of some property owners to sell their properties at inconsiderable high prices while incurring low costs as possible, these listing agents capitalize on this weakness of property owners by giving them the highest quote of their properties and ask for an insanely low commission, the results are homeowners frustrations and regrets for slow sale and uncommitted real estate agent. 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. 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.
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.
Overlooking local real estate agent is another error most homeowners make when hiring real estate agent, people have this idea that foreign listing agents are reliable and competent compared to the locals, unfortunately, foreign listing agents are inept of local property markets and they can only rely on what they get online to estimate the value of your property this can affect to a large extent the value of your property, a local realtor knows all local regulations and requirements involved in property transactions which help in ensuring a smooth and faster property transaction process.
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 common mistakes property owners make when hiring a real estate agent.
Advanced reading: read more