Mistakes to Avoid When Hiring a Real Estate Agent

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Finally, you have decided to sell your home. How do you go about hiring the right real estate agent? Well, it is easy to locate many real estate agents within your local town. That’s the easy part. The most challenging part is that you have to look for an expert who can understand your needs and can help you fetch the right price for your property in the market.

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To make sure that you have the right real estate agent, there are some critical mistakes that you must avoid. Sure, you can list your property on Movoto.com and other property listing platforms. But do you know the necessary details or how it should be published so that you can attract more buyers? A real estate agent and help you handle situations. Avoid the following mistakes, and you will successfully hire an agent you can trust.

1.    Choosing the agent with the lowest commission

After you have decided to sell your property, the next step is to interview a few prospective real estate agents. Some of them will try to undercut the competition by offering you a low commission in an attempt to win your attention. As much as you want to maximize the difference between expenses on the overall price of your property, it’s essential to consider other factors as well.

A low commission percentage means that the agent will have limited marketing resources to help get your property sold. The specific marketing tools that he or she suggested are likely to cost more than what they charge. That means you will either finance the marketing activities, or the agent will use ineffective methods to market your property. This points to one thing: your property will stay in the market for a long time. This is bad news for most sellers.

Also, you should get a little bit more curious to know why the prospective agent has lowered his or her commission. If they are willing to hurt their own bottom line, how good will they be when it comes to negotiation of the price of your home? How good will they be ready to hurt your bottom line too?

2.    Hiring a real estate agent who offers you the highest property listing price

Sure, you want your property to fetch the highest possible price on the market. If your home is overpriced, the chances are that you will eventually sell it at a price that is below the current market price. The first 3-4 weeks after home marketing are crucial. If your asking price is too high, potential buyers will not consider your listing.

Most buyers will not even go to do it just because the price is out of their range. Some agents might even use your overpriced home to bounce their potential buyers of two other correctly priced houses. Therefore, be very careful with agents who seem to overprice your property.

3.    Hiring an agent just because he is your family member or friend

Selling your home is a serious business, and you want to get the most out of it. Many real estate agents will tell you that there is no one property sale contract that is similar to another. Each client has unique needs, requirements, and everything they want needs to be documented properly by the agent. That means right from the point of initial interaction to the time of closing the sale, everything should be correctly documented.

If you must hire a relative or a friend to be your real estate agent, make sure that you will be able to look back whatever may have gone wrong during the healing process in case a problem crops up in the future. No matter who you choose to hire, make sure they have your interest in their mind and will do all they can to ensure that you get the best property selling experience.

4.    Interviewing a single agent

It is recommended to interview several real estate agents from various agencies. Remember, each agency has its strengths in terms of marketing and client service. Pay attention to the candidates’ overall approach to the marketing and the property staging strategies.

Also, find out if the real estate agent is available for communication whenever needed. If they may not be available during some days of the week, do they have an assistant who can help you? The process of selling a home is complex, and you need an agent who can help you handle it successfully. Effective communication is part of that process.

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