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The real estate
agent you hire to sell your house, known as the listing agent, must
be able to accurately answer your most important question: "What's
it worth?" Houses sell for fair market value, which is whatever
buyers are willing to offer and sellers are willing to accept.
A
good agent can be the foundation of your real estate team. An agent
helps you price your property, orchestrates the marketing and showing
activities, negotiates with buyers on your behalf, supervises property
inspections, and coordinates the closing. A good agent's negotiating
skills and knowledge of property values can add 5 to 10 percent
to your house's sale price.
Recognizing
the attributes of the best listing agents |
All
the best listing agents have certain important qualities in common.
They
educate you:
Your agent knows the selling process and carefully explains each
step so that you understand exactly what's happening at all times.
Agents should be patient, not pushy. A good agent never uses your
inexperience to manipulate you.
They
enable you to make good decisions:
Your agent always explains what your options are so that you can
make wise decisions regarding your best course of action. They advise
you if they think that you should add other experts (property inspectors,
lawyers, and so on) to your team -- experts don't threaten a good
agent.
They
voluntarily limit themselves geographically and by property type:
Good agents know that trying to be all things to all people invariably
results in mediocre service. Even though real estate laws are the
same throughout your state, different areas within the state generally
have radically different market conditions, local zoning ordinances,
and building code restrictions.
They
have contacts: Folks prefer doing business with
people they know, respect, and trust. You can make use of your agent's
working relationships with local lenders, property inspectors, lawyers,
title officers, insurance agents, government officials, and other
real estate agents.
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