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Showing posts from August, 2014

7 QUESTIONS TO ASK AN AGENT WHEN SELLING? By Peter O'Malley

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What evidence did you rely on when valuing our property? We are all susceptible to believing what we want to hear. If an agent quotes a high price for your property, it’s natural to want to believe them. However, if an agent cannot justify their price to you as the owner, they will have an even harder time convincing a buyer! If the property sells below your quoted price, do we still have to pay full commission? When you sign an agency agreement to sell, the agent must provide a written assessment of value. You, as the seller, enter into the agreement, in part, based on the written assessment of the agent. If the agent fails to achieve their promised assessment of value, you should have an ability to penalise the agent for getting it wrong. By being firm on this point when interviewing agents, you will flush out what the agent really thinks your home is worth. How do you have an auction with one buyer? Auctions rely on competition i.e. multiple bidders. Unique homes often require unique bu…