Beware of some common selling mistakes
Paper work
1) Many potential sellers don't ask to get a copy of the Agency agreements ( i.e. the agreement between the seller and the Real Estate Agency) prior to meeting with an agent.
We recommend you read Agency agreements including ours prior to meeting with any agent from any Company.
Agency Agreements include the commission being charged, marketing costs and the conditions
between the seller and Real Estate Agency.
We recommend you read Agency agreements including ours prior to meeting with any agent from any Company.
Agency Agreements include the commission being charged, marketing costs and the conditions
between the seller and Real Estate Agency.
All offers received
2) With many larger agency the Owners may be asked to waive their right to hear about all further offers once they have received an offer and have accepted it. This is to stop disputes amongst sales staff. This waiver is written into the agency agreement that sellers are asked to sign prior to marketing their property. This means that once an owner accepts an offer from one of the sales agents the sellers are not told of any other offers, even if they are tens of thousands of dollars higher.
Some agents promise an unrealistic sale price
3) Many agents promise an unrealistic sale price to gain a seller’s business and suggest a method of sale without a price indication. You should always ask an agent to back up their estimated sale price with recent comparable sales data to make sure you are not being misled on the value of your property.
If your property goes on the market for an unrealistic price it is likely to be on the market for a longer period than necessary costing you advertising dollars and promoting the agent and agency at your expense. The longer a property is on the market also gives more bargaining power to any potential purchasers particularly if you have to reduce the asking price. Reducing the asking price may also deliver a lower sales price than the property may otherwise have attracted if it was marketed accurately in the first instance.
We can give you a realistic estimated market value of your property after a physical inspection. At this inspection we will provide you with further market data and research that will inform you of where your property sits, pricewise, in the current market.
If your property goes on the market for an unrealistic price it is likely to be on the market for a longer period than necessary costing you advertising dollars and promoting the agent and agency at your expense. The longer a property is on the market also gives more bargaining power to any potential purchasers particularly if you have to reduce the asking price. Reducing the asking price may also deliver a lower sales price than the property may otherwise have attracted if it was marketed accurately in the first instance.
We can give you a realistic estimated market value of your property after a physical inspection. At this inspection we will provide you with further market data and research that will inform you of where your property sits, pricewise, in the current market.