What Real Estate Agents Don’t Want You to Know

If you are planning to hire a real estate agent, there are certain things that they do not want you to know. Some of these are discussed below.

You Can Sell Your House Without Hiring an Agent

It is possible for you as a homeowner to sell your house yourself and avoid the commission that you get to pay a real estate agent upon successful sale of a house. You can do this by utilizing the “for sale by owner” listing (FSBO) on multiple listing services (MLS) to get your house in front of those who really need to buy. Although, it can take a long time before the house gets sold, most agents would not want you to know this fact. In this process, make sure you are not underpricing or over pricing your house as you may be leaving money on the table when you underprice or scare potential buyers away when you over price.

Commissions are Negotiable

The standard commission charged by real estate agents on a successful home sale is 6%, but it is very possible to have this reduced especially if your house is higher priced or might be easier to sell. Before signing a contract with a real estate agent, make sure you have a discussion about the commission payable, but don’t go too low so that the agents work hard to have the house sold. More details.

Small Agencies are Equally Competent

Small real estate agents might not have the type of brand recognition and advertising budgets as big real estate agents but that does not make them less competent. This is so because the internet has created a level playing for both small and big real estate agencies as they can both list on major listing services (MLS). Apart from this, small real estate agencies are usually willing to lower their commission.

Most Agents List homes at a Price Where The Property Will Not Sell

In fact, over 70% of homes listed today are listed overpriced; meaning that they require one or more price reductions before they sell. You may be saying okay so they priced it a little too high no big deal I can always come down but here’s the shocking truth overpriced listings actually end up selling for less because they sit on the market for far too long. After weeks and weeks of sitting stagnant on the market, what is wrong with that house syndrome kicks in. Statistics say that overpriced listings sold for an average of only 87% of the original asking price and over 120 days on the market. Homes that are priced right from the beginning sell for over 97% of list price and with an average of only 45 days on the market.

There is no doubting the fact that real estate agents have secrets that they do not want you to know but it doesn’t mean that they are all bad. It is always good to conduct a proper research when hiring a real estate agent. Click here for more information: https://www.referz.com/search-top-real-estate-agents/

Top Tips for Buying Real Estate in Colorado

Before you can hire a real estate agent in Colorado, you need to make sure that you are going to get as many tips for buying real estate as possible. There are so many things that you should know about buying real estate before you can even consider buying new property. The more tips about buying real estate in Colorado you have, the easier buying property will become. Here are some of the most essential tips for buying property:

Know the area that you want to live

The first thing that you should consider is that you should make sure that you know the area where you want to buy property. You don’t want to get to the real estate agent, and don’t really know the area where you want to look for property.

This is going to delay the whole process, or you are going to buy property in an area that you are going to regret later on. You should make sure that you know exactly where you want to buy your property.

Hiring the best real estate agent

Now that you know the area that you want to live in, you need to make sure that you are going to hire an experienced and highly recommended real estate agent.

There are too many real estate agents in Colorado that aren’t recommended and that is not really experienced enough to sell homes and property. You should take your time and find the best possible real estate agent, and not just use the first and best agent possible.

Make your home attractive

If you are selling your home, you should make sure that you are going to make your home as attractive as possible. When potential buyers are walking into your home, they need to feel that this is the home for them.

If you have a home that is not clean and tidy, you are not going to be able to sell your home quickly or for the price you want – no matter how great and experienced your real estate agent might be. Take some time and make your home more attractive to potential buyers. It might just mean that you are going to find that family who falls in love with in and can imagine themselves living there – meaning that you could also sell your home a lot faster.

Know your exact budget

When you are going to buy a home or property, you need to know the exact budget that you have your property. This is the only way that your real estate agent will know what homes and properties to show you. It will be devastating if you see the perfect home, but you can’t afford it because you didn’t take your budget in consideration. More explained here: http://www.forbes.com/sites/vanessagrout/2015/07/29/home-buying-tips-that-will-give-you-an-edge/#460b9c102aa1

When you are going to buy property in Colorado, you need to make sure that you know and remember all these tips. This is the only way that you can make sure that you are going to buy the right property for you and your family. You also need to remember that you should take the time to find the best real estate agent that will ensure that you are getting the best possible deal on the property.