In most situations, the homeowner wants to sell their property to the highest bidder so they tend to base the criteria of a good listing agent as the one who offers the highest price and take the lowest commission. These two criteria are not important and sometimes irrelevant in determining a competent listing agent. This is because the listing agent cannot tell you certainly what your property will sell the only thing they can do is to provide you with comparable sales, the active sales as well as the pending sales anything else they tell you is a misleading notion to ensure you retain them. However, you decide the selling price of your property and the buyer decides whether it is right or not, you and the buyer can negotiate the sale price, and if you feel satisfied with the offer you proceed and request the listing agent to proceed with the transaction procedures.
Therefore, the common mistake homeowners make is to choose a listing agent that asks for the lowest commission and promises the highest price. It is important to recognize that some agents will seriously lower their commission to undercut the competition this is an attempt to increase their listing. With such low commission, it means that the listing agent will commit fewer resources to market your property as a result your property will take a longer time before getting a potential buyer because of the limited visibility the listing agent you selected allocates. It also important to ask critical questions before selecting a listing agent with the lowest commission, why did the agent lower the commission so low to get the listing, how effective will the agent be during the negotiation process of your property? These rhetorical questions are essential because thy force you to think critically and decide accordingly. For the best cash home buyers, see this company or read more real estate guides at https://www.rammbl.com/. Another mistake homeowners commonly make is selecting a listing agent with the highest property sales. It can be tempting at a glance to consider such agents because it can be a sign of effectiveness and mastery of the art of property sale. Nevertheless, using such information as the sole reason for selecting a particular listing agent over another can be hurting in near future. Think of it this way, a listing agent gives the highest listing price so he gets lots of listing but sometimes these properties may not be selling, let me pose a question, who would you choose? a listing agent who sold 7 properties out of 12 or a listing agent who sold 25 properties out 79? Well, you can use this information to avoid making such mistakes when choosing a listing agent to sell your properties. You can read more on this here: https://www.huffpost.com/entry/worst-advice-realtors_n_5ba3fb2de4b069d5f9d141b2.
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