Costly Mistakes to Avoid When Working With a Realtor
Hiring a realtor is one of the most important decisions you will make when selling your home. Realtors can help you get the best price for your home and make the process much easier. However, homeowners often make some costly mistakes when working with a realtor. It’s especially if you’re not working with the right guys. Lucky for you, we will talk about five of the most common mistakes people make when working with a realtor and how to avoid them.
Not Interviewing Multiple Agents
One of the most common mistakes people make when working with a realtor is not interviewing multiple agents. It’s important to interview at least three different agents before hiring one. It will allow you to compare prices, services, and personalities. When meeting with an agent, be sure to ask plenty of questions. It would help if you also asked for references from past clients.
Signing a Contract Without Reading It Thoroughly
Aside from that, another mistake is signing a contract without reading it thoroughly. It is a colossal mistake that could cost you a lot of money. Be sure to read over the agreement carefully before signing it. Make sure you understand all of the terms and conditions. If there is anything you’re not sure about, ask your agent for clarification. Moreover, it won’t make you look foolish and uneducated.
Agreeing to List Your Home at an Inflated Price
On the other hand, another mistake is not being realistic about the price of your home. Just because you’ve seen homes in your neighborhood sell for a specific price doesn’t mean yours will sell for that much. Your agent should do a comparative market analysis to determine the fair market value of your home. If you agree to list your home at an inflated price, it could sit on the market for months without selling.
Skipping Preparation Before Home Inspections
It’s a must for you to never skip preparation before home inspections and showings. It’s essential to make sure your home is in tip-top shape before potential buyers come to take a look. It means making any necessary repairs, deep cleaning the entire house, and decluttering every room. Your agent should be able to give you a list of recommended preparations.
Not Being Communicative
Last but not least, the most common mistake people make when working with a realtor is not being communicative. It is vital to keep your agent updated on any changes or developments in your life that could affect the sale of your home. For example, if you’re planning on moving out of state, let your agent know. This way, they can adjust their marketing strategy accordingly. If you avoid these five costly mistakes, you will be on your way to a successful home sale. Working with a realtor doesn’t have to be stressful or expensive. Just be sure to do your research and ask plenty of questions. With the right agent by your side, selling your home will be a breeze.