Selling your house is a lot more emotional than gaining something material. As a house owner, you have a lot of memories attached to it that you cannot just sell your house to anyone who asks for it. It is more than an asset to most families.
Therefore, following is a list of reasons why you should not consider a real estate agent when selling your house.
As soon as you finalize an agent, he will ensure you sign a legal contract with him stating the terms that you cannot refuse later on and will restrict you to work with another agent. This will indeed make you stick to him without exploring other options.
Your decisions will always be influenced by him. He will compare the market price of all the houses in your area and will finally decide the resale value of your property. Even if you want to quote a higher price because you know your house deserves it, he will state some reasons that will convince you to agree to the price he has mentioned. In fact, he surely knows, if the stakes are high, all his efforts will go wasted as no one will agree to buy the house quickly.
The Negotiation Bridge
First. The agent will always state that he will end up earning more commission if the owners will tag the house at a higher price; so he is getting all the benefits. However, the opposite is what is happening actually. He thinks all the efforts and time he will have to put in are not worth the amount of commission he will be generating in the end.
Second. Therefore, he tries to lure you by saying such statements so that you end up agreeing to his terms. Once, he is successful, he will arrange for a buyer and from there he starts becoming impatient. He will use all his tricks and mind games to ensure both the parties agree to one price. Well, if you get trapped then chances are you have made a bad deal.
Third. The agent does not care about the price; he just wants the deal to be closed at the earliest. Therefore, he will ensure both the parties agree to one price as soon as possible by igniting fear of losing the buyer at the seller’s end and igniting the fear of losing such a great house at such a reasonable cost at the buyer’s end. Well, if this is what you exactly don’t want for your house then you need to contact house buying companies like Coastal House Savers instead of opting for a real estate agent.
Also, if your agent says – your first offer is always the best offer; nothing like this is going to appear in the coming offers then this is a sign that your agent is lying a trap for you. Mind you – do not fall for any of his lines. Use your brain and sell your house on your conditions.
Also, you can read these articles:
- Easy Ways to Raise Your Home’s Value
- Reasons Why You Should be Living in an Apartment
- Things to know before renting an apartment