5 Things Sellers Must Require of a Real Estate Agent

By
Home Builder with Long Island Cash Home Buyer

 

5 Things Sellers Must Require of a Real Estate Agent

Are you thinking of selling your home? Are you dreading having to deal with strangers walking through the house? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of selling. A great agent is always worth more than the commission they charge just like a great doctor or great accountant. You want to deal with one of the best agents in your marketplace. To do this, you must be able to distinguish the average agent from the great one. Let us help.

If I were hiring an agent to sell my home today, I would require they:

1. Tell me the truth about the price: Too many agents just take the listing at any price and then try to the "work the sellers" for a price correction later. Demand that the agent prove to you that they have a belief in the price they are suggesting. Make them show you their plan to sell the house at that price – TWICE! Every house in today’s market must be sold two times – first to a buyer and then to the bank.

The second sale may be more difficult than the first. The residential appraisal process has gone through a complete overhaul in the last few years.  It has become more difficult to get the banks to agree on the contract price. A red flag should be raised if your agent is not discussing this with you at the time of the listing.

2. Understand the timetable with which my family is dealing:  You will be moving your family to a new home. Whether the move revolves around the start of a new school year or the start of a new job, you will be trying to put the move to a plan. This can be very emotionally draining. Demand from your agent an appreciation for the timetables you are setting. I am not suggesting that your agent can pick the exact date for your move. You just want the agent to exert any influence they can.

3. Remove as many of the challenges as possible:  We are still in a market which heavily favors the buyer. With buyer demand steady at best and inventories of homes high  the buyer can feel that they have all the power in the negotiation. It is imperative that your agent know how to handle the challenges that will arise. An agent’s ability to negotiate is critical in this market.

Remember: If you have an agent who was weak negotiating with you on the parts of the listing contract that were most important to them (commission, length, etc.), don’t expect them to turn into Superman when they are negotiating for you with your buyer.

4. Help with the relocation:  If you haven’t yet picked your new home, make sure the agent is capable and willing to help you. The coordination of the move is crucial. You don’t want to be without a roof over your head the night of the closing. Likewise, you don’t want to end up paying two housing expenses (whether it is rent or mortgage). You should, in most cases, be able to close on your current home and immediately move into your new residence.

5. Get the house SOLD: There is a reason you are putting yourself and your family through the process of moving. You are moving on with your life in some way. The reason is important, or you wouldn’t be dealing with the headaches and challenges that come along with selling. Do not allow your agent to forget these motivations. Constantly remind them that selling the house is why you hired them. Make sure that they don’t worry about your feelings more than they worry about your family. If they discover something needs to be done to attain your goal (i.e. price correction, repair, removing clutter), insist they have the courage to inform you.

Good agents know how to deliver good news. Great agents know how to deliver tough news. In today’s market, YOU NEED A GREAT AGENT! 

When you are ready to sell your home  please contact us and let us help you as we have helped thousand of home owners sell their homes since 1984.

 

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Topic:
Real Estate Best Practices
Location:
New York
Groups:
The Art Of Marketing You
RE/MAX Active Rain Bloggers
Posts to Localism
Advice for Sellers
Tags:
hiring an agent
advice for home sellers
selling your home tips

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Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Tell the truth or tell the truth. Not sure why that is such a difficult concept for so many. You presented your post very well.

Make it a great week!

May 23, 2013 09:50 PM #1
Rainmaker
974,759
Beth and Richard Witt
Long Island Cash Home Buyer - Huntington, NY
Long Island Cash Home Buyer 516-330-6940

Thanks Joe... and you have a great week too...

May 23, 2013 10:43 PM #2
Ambassador
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Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Beth, That first part is something I don't think enough sellers demand.  Too often they want someone to tell them what they WANT to hear rather than what they NEED to hear.  And no shooting the messenger....you called me because you thought I was an expert, right?

May 23, 2013 11:40 PM #3
Rainmaker
974,759
Beth and Richard Witt
Long Island Cash Home Buyer - Huntington, NY
Long Island Cash Home Buyer 516-330-6940

Hi Liz & Bill... I agree... too often they want to hear what they want to hear and not what they need to hear...... It's a crazy business we are in but it is a people business so that speak volumes... LOL

May 24, 2013 01:32 AM #4
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Rainmaker
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Beth and Richard Witt

Long Island Cash Home Buyer 516-330-6940
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