If you have a property that you want to sell, you would be well advised to use modern methods to find buyers for your property. Most residential property buyers, or renters, use online platforms to search for properties that they would be willing to move in to.
Before you engage a real estate agent, keep in mind the following strategies that are available to you.
- Negotiate your realtors commissions
Once you ask a realtor for his commission charges, remember that the figure he/she states is not a final figure. Explain why you think you deserve a reduced commission and how you can justify that amount.
For example, if you have done a lot of online advertising to sell a piece of Stowe real estate, you have helped create demand for the sale of the property and this should be taken into consideration.
- Ensure that your realtor is giving your property its due exposure
Before you agree on your realtor’s commission, ensure that he/she will do everything possible to expose your property to the market. If you agreed that newspaper advertising, open houses, online exposure or contact lists will be used, ensure that the said methods are being employed.
- Be aware of local rates
Some realtors could offer you higher commission rates than are usual for the area. In this case, be sure to find out what the local average rates for realtor commissions are. Ensure that you find out the commission charged to the specific type of property. For example, don’t allow yourself to be charged a rate for a commercial property as opposed to a residential property.
- Use local realtors
A local realtor, based in the area where your property is situated, would typically be the best person to sell your house. This is because he/she would better understand the location of your property and thus be better placed to market and sell the property.
- Find a reputable realtor
The best realtor is usually the one who is most popular in an area. The realtor you choose could be:
- From a reputable company.
- A popular realtor in your location.
Either way, keep in touch with them for progress reports. You may find that the commission fees of both these realtors will be similar, and this should encourage you to get the best person for the job.
As you try to find the best way to sell your property, keep in mind the following:
- You need to balance your expectations and your agent’s satisfaction. Don’t bargain too aggressively to lower your realtor’s commissions because that could mean less motivation for your realtor to sell your property.
- You could try to sell your property through online advertising and include online tours of your house.
- Some buyers prefer to deal with realtors and not the actual home owners.
The strategies above will assist you get the best value for your property. Think through what works best for you and for your property.