Partnering with the right real estate agent to sell your home is a really big deal. Selling your property is not only stressful but is often compounded by the large amount of money involved in any real estate transaction. For this reason, you must partner with a real estate agent who has the right experience to get the job done.
Rather than randomly choosing a realtor from a phonebook or online directory, you need to interview a few agents in your area. When the time comes to interview real estate agents, ask each of them these vital questions:
Question: Do You More Frequently Represent Sellers or Buyers?
Some real estate agents primarily sell homes, while others primarily help buyers buy homes. When you are selling your home, you want to work with an agent who spends more of their time selling properties than helping buyers. This person is known as a seller's agent.
When you are selling a valuable piece of property, you want an agent with a proven track record of selling. If an agent spends more time with buyers than sellers, then they aren't likely to be the right person to sell your house. Instead, you want to work with a seller's agent who has a proven track record of excellent sales results in your local area.
Question: How Do You Determine the Price for Your Listings?
It cannot be understated how important it is for your home to go on the market for the right price. This means the process of selling it starts taking place well before it ever hits the Multiple Listing Service (MLS).
If your home is listed for too much money, then buyer's agents won't bring clients to see it. If your home is listed for a price that's too low, then you could potentially leave a whole lot of money on the table that could have otherwise ended up in your bank account!
All real estate agents use one of two different ways to price their listings:
- a comparative market analysis
- the price per square foot
A comparative market analysis will generate a much more accurate sales price because it takes into consideration other recent sales in your local area, other homes currently listed for sale, and comes up with a price based on those factors. In contrast, pricing a home by how many square feet it has is more appropriate for condominiums and apartments where the living spaces are nearly identical to each other.
To learn more, contact a company like Glenn Silvenis: RE/MAX Crossroads III today.
Anyone can buy a home, but purchasing the right property is a little more difficult than some people make it out to be. I started focusing on buying my first home about ten years back, and although I had a few ideas about where to start, I knew that things were probably more complicated than I was making them out to be. After narrowing down the home search to the parts of town that were growing the fastest, I had a good idea of where I wanted to be. Now I can honestly say that my home is worth more than ever, and I am happy with the progress I've made. Check out this blog for more information.