Hiring the right real estate agent is an essential part of getting your home sold as well as for getting the best price possible for your home. Unfortunately, many people make crucial mistakes when hiring a real estate agent that ultimately lead to the home going unsold or that simply result in a terrible experience for the seller. In order to prevent this from happening to you, try to avoid these top seller mistakes.
Mistake #1: Going with the Agent Who Quotes the Highest Selling Price
While every seller hopes to be able to make a significant profit off of the sell of their home, simply going with the agent who quotes the highest listing price is not a good idea. Some unscrupulous agents will quote an inflated price in an effort to win you over, but putting the home on a market at an unreasonably high price will not do you any good. In fact, it will actually push potential buyers away because the price is out of their budget or because they know they can get a better deal.
Mistake #2: Hiring Someone Just Because He or She Seems “Nice”
There is no doubt that you want to work with an agent who has good communication skills and who you feel comfortable with, but choosing an agent based solely upon personality is not the best way to go. Remember, you need an agent who is experienced and who has a proven track record of getting the job done. Otherwise, while you may enjoy spending time with your agent, you will never get the home sold.
Mistake #3: Choosing an Agent From Another Area
Some agents will take on listings that are in areas outside of their area of expertise. While these agents may have a great track record in their neighborhoods of expertise, it doesn’t mean they will be able to help you with your home. The reality is that home prices and marketing strategies can vary greatly from one city to the next. In fact, they can vary greatly from one neighborhood or subdivision to the next even when they are in the same city. Therefore, it is in your best interest to stick with someone who has experience selling homes in the same neighborhood or city where your property is located.
The unfortunate reality is that making these mistakes can lead to far more than just frustration for you – it can also lead to a huge loss of money. By dragging on the process of selling the home, you will have to continue making mortgage payments while also regularly needing to make the home spotless for showings. In addition, by the time you finally bring the house down to a reasonable price, the listing will become old and stale, which means buyers are less interested in taking a look at it and making an offer. To prevent this from happening to you, be sure to avoid these mistakes and to hire the right real estate agent the first time around.
Ryan Lynch is part of the marketing team for an Austin Real Estate Company: http://www.jimolenbush.com/
They specialize in West Austin: http://www.jimolenbush.com/west-austin.htm and Lake Travis: http://www.jimolenbush.com/laketravis.htm
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