Secrets Your Real Estate Agent Isn’t Telling You
So you are ready to sell your property and ready to hire an agent. Whether you are selling your home because you are relocating to a new one, buying a home in Prior Lake, MN, or are hard up for cash, you need a reliable real estate agent you trust and will help you. But which one should you go for?
The key to a great sale is insider information. Here are a couple of secrets agents know that might boost your property’s value:
Secret #1 – There are a number of hidden costs
Listing a house with an agent is more than just posting a ‘For Sale’ sign outside. They may tell you what you need to do to make your home presentable, but barely anything about hidden costs. These include but are not limited to hiring:
- Professional contractor
- Repairmen and painters
- Interior designers/home staging specialists
- Professional photographers
- Landscaper if you have a lawn.
Besides these, you may also need to pay taxes after the closing along with pending mortgage payments and electricity bills. The thing is, most properties take time to sell especially if they don’t look presentable to buyers.
Secret #2 – Comps are just guidelines
If you are in the market for a new property, agents will determine asking prices according to recent sales prices. Using these comps are for market price guidelines. Since they don’t know what the pending sales prices are, determining an exact figure takes research and effort.
However, an experienced real estate agent will have enough connections in the industry to do this quickly. They know who they should ask for the latest prices in the market and who can give them an accurate estimate. Many local agents don’t have access to this information and chances are they won’t tell you either.
Secret #3 – The commission is negotiable
Did you know that you can negotiate the commission fee? All you need to do is ask. You can increase those chances by hiring the same agent to sell your property and buy the next one. If the home you want to buy is priced high, lowering the fee is fairly easily.
Whether you want to sell your home or buy a new one, don’t be shortchanged by dishonest agents. Loyal Partner Homes is a premier real estate solutions company that will tell you like it is. We have an extensive network of resources that allows us insight into the latest market trends. So dial 952-607-5245 to get in touch with us today.