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When Should You Get Three Estimates?

By
Real Estate Agent with Fathom Realty 8431215

Getting three estimates for anything can require an investment in time.  It can also be an educational experience, since you get to hear three ideas and perhaps three approaches or philosophies.   It can also save you a LOT of money.

I suggest getting three estimates on:

1.  Anything which you deem to be "expensive".

2.  Any price where you think,  Wow, that is a lot of money!"

3.  Anything other than surgery.

 

This also applies to home sellers.   Talk with 3 Realtors first !

I write this post after learning how many people do NOT take this advice.  It can truly save you THOUSANDS.

https://michaelelliott.fathomrealty.com/

 

Posted by

Michael Elliott

NO ONE DOES MORE TO GET YOU MORE

         

michaelelliott.fathomrealty.com

Burlington, New Jersey Real Estate 

Broker / Salesperson

Fathom Realty

elliottrealtor@gmail.com

cell (609) 864-8164   office (888) 455-6040

My market area map for New Jersey

Comments(8)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, I am surprised how many sellers do not talk to more than one REALTOR, especially when they are first-timers.    Repeat clients, they know what they are getting, and value clients that continue to call me!

Aug 13, 2024 10:21 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Michael,

Three estimates are a good thing..I always say to intereview three Realtors and there are other times..getting a new roof, carpet (I had a client get 3 estimates for carpet and they ranged from $14,000 to $26,000), painting etc. If the job is smaller sometimes you'll get a higher bid because they are too busy and there is bund to be someone more reasonable.

Aug 13, 2024 12:10 PM
Lew Corcoran
Better Living Real Estate, LLC - East Bridgewater, MA
Expert guidance. Exceptional results.

Thank you for sharing your insights, Michael! I completely agree that getting multiple estimates is not only a smart investment of time but can also lead to significant savings, especially for home sellers when choosing a REALTOR.

Aug 13, 2024 01:02 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Michael- I couldn't agree more. I remember when we replaced our roof.  We got 3 estimates and everything else being equal we took the middle one. 

Aug 13, 2024 04:45 PM
Michael Elliott

When we got our new roof about 5 years ago, the top estimate was 2.5x  what we paid.  Getting 3 estimates was a good education !

Aug 14, 2024 01:58 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Great advice Michael Elliott  now why the free ride to surgeons?:)) just kidding if there is a good one don't look at what it will cost... reminds me of being a Realtor if you get a good one no need to price shop for a cheap one:)Endre

Aug 13, 2024 10:36 PM
Michael Elliott

Well said.

Aug 14, 2024 01:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Michael... well, I was the only agent interviewed on Sunday and I was hired. And the sellers specifically said after meeting with me they would not be interviewing any more agents... that I totally blew them away. I like it when that happens.

Aug 14, 2024 07:37 AM
Michael Elliott

Congrats!

Aug 14, 2024 08:03 AM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Michael Elliott I have to replace my tires at the end of this month, and I will be getting 3 estimates, maybe even 4.

Aug 14, 2024 05:58 PM
Michael Elliott

George Souto  that sounds tiresome.  

Aug 19, 2024 04:21 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

We know that most clients go with the first agent that they meet. Which is why our time is best spent meeting people and staying in touch with those people whom we know.

Aug 19, 2024 04:17 PM