The job of a real estate agent is to make your real estate transaction go smoothly, sell a home fast and sell a home for top dollar. Unfortunately, many home sellers make the same mistakes that end up costing them time and money. This post examines the mistakes to avoid when working with a real estate agent.
The top 4 mistakes to avoid when working with a real estate agent are:
- Hiring the real estate agent that quotes the highest sale price
- Choosing a real estate agent because they offered a reduced commission
- Picking a realtor based on their personality
- Going with a “lone wolf” agent who works alone because the home seller assumes this means that the agent will have more time for you
1. Don’t Hire a Real Estate Agent Who Quotes You an Unrealistic Sale Price
Many agents will quote you an inflated price in order to get your business. In reality, if the home is overpriced compared to similar homes in Colorado Springs, fewer potential homebuyers will be interested in it. This leads to your home staying on the market for months without any traction – at that point, the only thing you can do is start reducing the price, oftentimes lower than the actual market value.
2. A Lower Commission Can End Up Costing You Big Bucks
A reduced commission rarely translates into the home seller walking away with more money. Typically, the reduced commission comes at the cost of losing the very services that will make a home sale a success. Everyone wants the best price for their home. To get it, it’s important that the property is properly advertised, getting maximum exposure on the marketplace. If it’s not, then it’s likely that it will linger on the market necessitating price reductions. That lower commission can end up costing you much more than the small amount you saved on a lowered commission.
3. Sell a Home Fast By Choosing a Realtor For the Right Reasons
While your real estate agent might seem nice, or have expensive clothes, it doesn’t translate into expertise or experience. It’s the latter that will get a home sold fast and for top dollar. Our Team members are professional, offer great customer service and have the qualifications to make a home sale a success.
4. Let a Team of Agents Sell Your Home, Rather than a Lone Wolf
Solo agents are often overwhelmed and overlook key aspects of the real estate transaction, making mistakes that could cost you the sale of your home. Working with a team of real estate agents is the best way to sell a Colorado Springs home.
Avoid mistakes when working with a Colorado Springs real estate agent and get started on a home sale today by contacting us here or by phone at 719-301-1802 or by completing the form below.
