When it comes to buying or selling or renting your home, hiring property agents from the beginning of the process can help you save a lot of hassle and get the best price for the home. Here are few common mistakes people do when choosing a real estate agent and how to avoid them.
Choosing the one offering lowest commission
Property agents and real estate companies put in their own funds to market and advertise your home both of which can be expensive. So, having a lower commission means less marketing resources available to help in getting your home sold. Whatever marketing tools that agent will suggest, there are good chances it will be substantially less than what a full commission agent would be able to spend on the marketing of your home. You also need to remember that most homes are sold by buyer agents with qualified clients. If your property agent is working for a low commission, the split to the cooperating agent will also be reduced. So, do not go with the agent offering low commission, but hire the best one.
Hire property agents because they are family
Selling a property is a serious business and most agents will agree that every contract is different. The reason being, every client has their own requirements, needs and wishes. In addition to this, everything needs to be properly documented so that no issues arise later on from the buyer’s as well as seller’s side. Uncle Sam or cousin Mary might be great relatives, besides they might be having great knowledge with some of the complex negotiation and subsequent paperwork, however, if things do not work out with the other party, for example, they would like to have pre-purchase building inspections of Melbourne homes and you are not able to do so in a timely manner. It might be hard to split the personal from the business aspect of the property sale.
Choosing a property agent without asking for references
Avoid making a mistake of not asking for past client testimonials and references when choosing a property agent. Client testimonials are one of the best ways to know how an agent works and performs throughout the property selling or buying process. Reliable and reputable property agents in Victoria will be able to provide you with plenty of client testimonials and references. You can also do a bit research online and find few of clients they have worked for in the past or are working. However, remember that some people are not comfortable with allowing strangers to call them to discuss their experiences, so if you get 2 to 3 details of the past client it would be good.
The above mentioned are few of the mistakes that you need to avoid when dealing with property agents and also remember that getting building inspections of Mornington Peninsula property will help you sell the property at a higher price.