How to find the best listings in your area

In today’s declining economy, it has become hard to earn a decent amount of money from commissions and sales. You must take wise steps to be successful in such testing times. Today, sellers are choosing their real estate agents depending on the lowest commission or the highest price  on their house.

Know the right list provider:

You must find the correct list provider without getting cheated. Generally, the seller desires to have a high price on their house with the lowest possible commission. These two things are never matched and these things are also not as important as they seem to be.

Best listing prices: You may come across agents who will promise good valuation on your home. The fact is that the agents cannot fix the selling of your house. The agent can show comparative prices in the market, active sales, pending sales to get a generalized idea. Depending on that, you can choose a practical price for your house.

Overcharging: There is no need to pay thousands of dollars for the listings in the area. If you are doing the same, then you are being overcharged. You can get important data and listings for less than $200 with good information. Also do not go for very cheap lists, as they can have false information. You can use an email and online system, which will further reduce your cost on listings.

Custom Made Lists: A good list providing broker can give you a huge number of lists depending on different demographics and needs of the customers.

Different range of listing: There are different price ranges which could be as high as $10,000 and lower than that. Different factors decide the price range, depending on location, market, improvements, facilities in the area, etc.

Deciding the price: The best time for selling is in the first 30 days on the market. If the house is priced correctly, you will get an offer immediately. If it is overpriced, you may not get the buyers very easily and then you end up reducing your price, which will create an environment of apprehension within the buyers.

All the agents in real estate are not same, each has their unique expertise. Some are very good and some are okay. Depending on their work their pricing is different. They have their own marketing skills and advertising budget. By opting for an agent with a huge advertising budget, you can get more exposure to buyers. It is important to reach out to a greater amount of buyers, as this creates more opportunities to negotiate price for your benefit.

When a broker gives a discount in their fee, there is always a reason behind it. In today’s fierce competition, the agent has to be flexible in their fees. It allows them to get more customers. It is the way to get more business and long term business at low rates. You must check the background of the agent who is demanding a low price.

Sometimes the full service agents will ask for lower commission under good circumstances like:

You are buying a house and selling a house simultaneously, this gives an agent two transactions; therefore, giving the agent two commissions at the same time.

You have agreed to do all the advertising, legwork, marketing, and pay for costs associated with the sale.

You make an agreement orally, to give the agent references for more business, this will give an agent more transactions.

You are selling more than a single home.

You do not have enough shares to pay for full commission.

The agent agrees to work withyou on a pro Bono condition.

The agent wants to have this listing in order to match with the competitor's fee.

Therefore, see whether the listings in the areas you are getting are not overcharged. If the agent is asking for cheaper rates, then check the background to look for any genuine reasons.

© Global Realty & Investment Corp