Read on for some tips before you go ahead and hire your real estate agent.
Can The Listing Agent Name The Exact Price Of Your Home?
No they cannot. If an agent does not name a specific price it should be considered as a huge red light and you should move on from that agent. A professional listing agent with the right amount of experience as well as industry reputation should be able to present you with sales that are pending, the sales that can be compared with your own listing as well as the other active sales in the area. However, you as the seller of the house should name the right price and the buyer should be able to say if he agrees with the price.
The job of the agent should be to help you name the price of the house by producing the necessary information.
Beware Of Agents Who Produce False Information to Get the List
Think twice about going ahead with an agent who names the highest listing price there is. As they are not able to name the exact sales price they might choose to name a very attractive price you just cannot say no to. Do remember to request the agent to produce the numbers and data that justifies the price they mentioned. If your agent is unable to produce the data or are not aware of the sales in the area or the neighbourhood, you should think twice about hiring the agent regardless of the recommendations you got about them. If you do not know how or where to find the ideal real estate agent, you can seek help from reliable a real estate CRM software that brings together sellers and agents.
The Agent Should Be Able To Give You a Range
You can ask for a value range instead of an exact amount. This might be the case regularly, but not necessarily always. You can always ask for a price range with some amount to give or take. Many factors can affect the price range including the temperature of the area, the location, the facilities and the comfort factors of the house. Some buyers will try to negotiate a lesser price and some others might agree with the price you presented.
What to Look For When Pricing Your Real Estate
The ideal amount of time for a deal is the real estate’s first thirty days in the real estate market. The ideal amount of time would be 21 days. If the price you have put on the house is too much, you might not get an offer or any showings at all. Buyers will tend to reject your house and you will have to finally reduce the value. Also, once the potential buyers see that your house has been on the market for too long they might raise questions about the condition of the real estate.
Look For the Best Traits in the Agent
See if the agent has enough experience. The rookie agents tend to learn the business on the job and with a list of advice from someone else. Also look to see if they have necessary qualifications. Make sure you develop a trustworthy connection with the real estate agent.