7. RELYING ON ONLINE PRICES
Sure, Zillow will give you a “Zestimate” of your home’s value. But Zillow and other online pricing tools typically use comparable sales in public records to arrive at the best guess of your home’s value. It doesn’t figure in your backyard filled with old-growth trees, or walk-out basement, or kitchen backsplash with eye- popping glass tile. A flesh-and-blood real estate agent looks at many different factors that affect the value of your home. With the most up to date information on the MLS as well. looking at what has sold and what's being sold. We do a CMA Comparative Market Analysis using the MLS. You don't have access to that.
8. THINKING YOU CAN AVOID ALL COMMISSIONS
Just because a potential buyer sees your sign and knocks on your door doesn’t mean you’re off the hook for all agent commissions. Sometimes buyers are contractually obligated to buy a house through their buyer's agent, whether they find the property themselves or not. So, if you’re allergic to paying, make sure you find out if a would-be buyer has an exclusive buyer brokerage agreement with an agent. And you're willing to pay the commission. Although you are under no obligation to do so. Commission is always negotiated. And let’s get real. What agent will bring a client to your home if there’s nothing in it for them? Would you spend your time working for free? The buyer brokerage agreement will obligate the buyer to their agent for the fee agreed to. However, don't be surprised when the agent looks to work it into the deal to be paid by the seller.
Ultimately, refusing to pay any commission at all could possibly
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