Mistakes You Need to Avoid When Selecting a Real Estate Agent
Because homeowners want to get as much as possible from their properties majority select a real estate agent who gives their house the highest value, what they fail to understand is that a listing agent give estimates, and they decide the final price, therefore, a realtor who gives the highest value does not mean they are competent or reliable for that matter. You should know that a realtor cannot certainly tell you the final value of your property, a good real estate agent will give you a range of price that is ideal for your house, a realtor can also provide you with information such as comparable, pending and active sale anything further than this is meant to make you list your property with them. The listing agent should see you through the whole property selling process but you make the final call regarding the price of your property, and you can negotiate the price with the buyer and here is where the realtor steps in to ensure you are not ripped off. To ensure you do not make mistakes when you are picking a real estate agent this article has outlined common mistakes most homeowners make so continue reading this article.
One of the major mistake a good number of homeowners make is to pick a real estate agent who asks for the lowest commission and promises them the highest price of their property, what you need to know this is a marketing gimmick that is meant to persuade list with them, undercut their competitors to improve their listing when you encounter such a listing agent you need to be careful because most of the time the listed properties are not selling, unfortunately, most people associate a huge listing with competence and reliability of real estate agents which frustrate them later on, also good to note is that if a realtor lowers the commission than the general 6 percent of the selling value of your property the fewer resources they are likely to commit into marketing your property, therefore, use as many criteria as possible to determine the ideal real estate agent to list your property with.
The other mistake is the lack to consider local real estate agents, it is can be tempting to think local listing agents are not competent enough but this can cost you significantly, a local listing agent has great knowledge in the local property market which they can use to give you more accurate estimates of your property, furthermore, a local realtor is well versed with local regulations that control real estate industry which makes the transaction process smooth and easy to complete.
Only a few property owners consider customer service of the listing agent they are picking, this has contributed to some choosing a realtor who is constantly unavailable, does not respond to their needs, and are dishonest, the consequence is poor customer experience which can be stressful and frustrating. You can use this guide to select a good listing agent by avoiding those mistakes.