Agents don’t always tell their clients everything they know. As much as they may try to assist you in the homebuying process, they may prefer to keep their secrets to themselves. Some secrets that your real estate agent would not tell you may save you money and assist in selling your house more quickly. When it comes to real estate, information is power.
So, here are a few things your real estate agent might not tell you.
You Can Negotiate the Real Estate Agent’s Commission.
Even though an agent will tell you that the majority of their clients pay at a specific percentage, this number is totally changeable. The internet has made the job of a real estate agent easier than ever before because buyers are more accessible than before.
In addition, you should take into account the price range of the property you’re selling. There is no difference in the amount of work required to sell a Php 1,500,000 house or a Php 15,000,000 million house. Still, the agent’s compensation is significantly more. Think about that when you’re in the middle of talks.
A Home May be Able to Sell Itself.
If your property is well-presented, you may be able to bargain an agent’s commission, as you just learned because most properties sell themselves when they are well-presented. Agents aren’t armed with any specific methods for persuading people to buy a home. Buyers are more likely to buy properties they like and can afford. Your home will sell quickly and easily if you present it correctly.
You Compete with Other Properties Sold by your Real Estate Agent
Your real estate agent isn’t only out to make a buck off of you. Assume they have a possible buyer interested in your property, but he or she isn’t quite ready to make a buying decision. As an alternative to this, if they believe a different property will be easier for them to sell, they may direct them to that one.
Endowment Effect
When it’s time to put your house on the market, you may have an exaggerated sense of its value. Overestimating the worth of your house can be the result of a mismatch between your expectations and what’s actually happening in the market. Before putting it on the market, be sure to look at your house from a potential buyer’s perspective. You can’t change everything that is lowering the value of your property. Still, you can modify things that might discourage purchasers and lower the value of your home. With these issues addressed, you may impact the price a buyer is willing to pay for your property, increasing its worth to them.
Some agencies will not take the listing if you ask for more than the market can sustain. On the other hand, other agents are less picky, despite the fact that overpricing can hurt the seller by increasing the time the house is on the market.
You are Not Being Judged by Your Agent
A professional real estate agent’s mental assessment of your aging or dilapidated home may be a frightening thought. If you feel that your present real estate agent is analyzing your decor or making more judgmental remarks than helpful, don’t be afraid to switch agents. You’re paying them, so; you should not feel that way. However, most likely, they are just evaluating than negatively judging them.
You’ll be Disadvantaged if Your House is Unfurnished
Emptying a house to make it more appealing to buyers is a common misperception, but it has the opposite effect. It is difficult for people to picture the layout of their homes, so they will offer less than if they can imagine their homes with a kitchen table here and a bed and sofas there. According to the Appraisal Institute, unfurnished homes sell for 6 percent less than furnished homes and stay on the market for a more extended period.
All That Matters Is the Staging
This is a follow-up to the previous subject. Remember that prospective buyers and renters will appreciate it if your property isn’t completely deserted, but that doesn’t imply it should be crammed with your belongings. You may need a skilled stager who knows how to fix problems like bad lighting or simply make the property more appealing. Some of the best home staging recommendations are de-cluttering, cleaning or replacing appliances, removing personal objects like photos, and removing odors.
Tip: Make sure it’s well-priced and tastefully presented.
Make Your Property Move-in Ready
It’s critical to find a house that’s ready for immediate occupancy. If your property is in need of repairs and you can afford to do it, it will drastically minimize the time it is on the market and improve the eventual selling price. Some buyers are willing to take on a home remodeling project and consider a home that isn’t in move-in condition but beware. Those buyers also tend to low-ball the asking price.
Do your Own Research!
Most real estate agents won’t tell you this, but it’s critical to know. You’ll never hear anyone say that the current market conditions make it a bad time to buy. They’ll never tell you that now is a horrible time to sell your property. They’ll never do it.
What’s the most fantastic way to find out more? Do your own DUE DILIGENCE! Once again, the key to success is gaining as much information as possible.
The next step is to put what you’ve learned into practice. Do you have a strong interest in the real estate market? Before making a decision, look around on real estate websites online to see what’s available. Get access to the largest and fastest network of real estate operations and start taking action now!