Mistakes sellers make when choosing a realtor

In the 90s through to the early 21st century real estate was not such a hard market in conquer. In those times property was cheap in the United States and much of the developed world. People were earning more income and there was not much bureaucracy in buying or selling property, all you needed was to fill a legal form, find a suitable buyer or seller which were plenty and easy to find in those days and you are good to go. However since the crash of 2008 the word economy has been struggling to find their feet.

Many countries in Europe and the Americas are still struggling to find their feet with GDP growth rates still way below normal rates. In this economic climate real estate is not as east and fun as it once used to be. The housing bubble that characterized the economic depression of 2008 made it ever harder for any kind of transaction to be carried out. Buyers and sellers are ever more cautious as each party tries to get the best possible deal they can.

As a seller one should be extra careful in whatever transaction they carry out. One should ensure that every party involved in the process is properly chosen. Even when the buyer offers a good deal one should ensure that the realtor you select to represent you in the deal is the right one, it is perhaps one of the most important part of the process.

Unfortunately many people still make a lot of mistakes when it comes to selecting their realtor. For one some sellers may choose their family or friends to be their realtor. You should know that friendship alone cannot be a qualification for selection. In fact many sellers tend to lose out on their sales this way. You have to remember that above all this is a business and you are in it to make profit, if a friend or family gets in the way then you might risk the whole business.

When looking at the bids you should take keen attention to the presentation. You should make sure that you analyze every piece of information on the presentation as you want to ensure that you get the best out of each. Making impulsive decisions can be very dangerous for you and are sometimes impossible to correct later.

As a seller you need to take into account the fact that the realtor is also in to make a buck. They might at times resort to unscrupulous means to achieve their objectives. ‘Buying a listing’ for instance is a practice common among realtors who want to reap the most from their clients. They will tell you what you want to hear but in the end you will end up losing a lot from the deal.

Some sellers also compromise on the kind of realtor they employ when they fail to look or even ask for the realtor’s credentials. Many people tend to think that their initial judgement of the realtor is enough so that they do not need to look at their credentials. No matter their outlook or the popularity of a realtor you have to ensure that you get a good look at their credentials before you make a decision.