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. Homeowners need to recognize that one of the main roles of realtors is to give you a range of prices that closely represent the value of your property, you then choose the ideal price to list your property, the price you pick should be reasonable not to put off interested buyers and the one that satisfies you, it is also good to note that it’s you and potential buyer to agree on the final price of the property. 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.
There are some notions that foreign real estate agents are competent than local listing agents while this is an unsubstantiated claim you may be losing greatly for not using a local realtor, a local real estate agent have a good understanding of the local property market and therefore able to give you precise estimates of your property, a local realtor knows in and out of local regulations that govern property sales which make the property transaction process easy and fast.
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.