In the previous post we covered a few questions that a seller should ask their prospective agent. Here are some more:
Can they offer advice on how to present your home to the best effect. And what tools/methods will you use to sell my home so that I get the price I want in today’s market? Often many agents do not have the knowledge or cannot/will not adapt to use alternative methods to ensure your sale.
Ask the agent if they provide a weekly report and feedback from all potential buyers. The report should also include average days on the market (the longer the average time to sell, the lower the probability of achieving a premium sale price).
Moreover, check to see if the agent is qualifying their buyers. Ask the agent if he/she has had any sales fall through. This can be noted by the sales agreed to exchange success rate. Some agencies are seeing a 40% fall through rate at the moment.
Lenders are also becoming more cautious so ask the Agent to make sure potential buyers have the funds or access to them.
Due diligence is more critical now than ever.
And NEVER sign a time bound contract that exceeds 4 weeks. If they’re confident in the advice that they’ve given you and they are confident that they’ll give you a great service, they shouldn’t need to tie you in. Conversely if you are not happy with the agent’s performance confirm you cancel the agreement and last but not least, what will l be their plan if it does not sell?
If you can’t get a satisfactory answer to the above questions get in touch.
Mau investments – Property solutions made easy
Can they offer advice on how to present your home to the best effect. And what tools/methods will you use to sell my home so that I get the price I want in today’s market? Often many agents do not have the knowledge or cannot/will not adapt to use alternative methods to ensure your sale.
Ask the agent if they provide a weekly report and feedback from all potential buyers. The report should also include average days on the market (the longer the average time to sell, the lower the probability of achieving a premium sale price).
Moreover, check to see if the agent is qualifying their buyers. Ask the agent if he/she has had any sales fall through. This can be noted by the sales agreed to exchange success rate. Some agencies are seeing a 40% fall through rate at the moment.
Lenders are also becoming more cautious so ask the Agent to make sure potential buyers have the funds or access to them.
Due diligence is more critical now than ever.
And NEVER sign a time bound contract that exceeds 4 weeks. If they’re confident in the advice that they’ve given you and they are confident that they’ll give you a great service, they shouldn’t need to tie you in. Conversely if you are not happy with the agent’s performance confirm you cancel the agreement and last but not least, what will l be their plan if it does not sell?
If you can’t get a satisfactory answer to the above questions get in touch.
Mau investments – Property solutions made easy
Posted: Wed 13 Dec 2023