1. Choosing an agent because the agent , who just got a license , is a family friend . In a seller's market it did not matter much, but in this market, experience counts. Choose an experienced agent who has sold in the area and check references.
2.Pricing their house based on what their neighbor told them was the selling price of their house. Sometimes neighbors may exaggerate and not tell the truth. The agent will show you a market analysis and the exact price that your neighbor sold for. If you read in the newspaper that it sold for a certain price, it does not show if the seller helped with closing costs. The actual amount that seller received may be different.
3. Choosing an agent based on what the agent tells them the house will sell for. Agents may give you a price range. They are not the buyers. The price will be determined by the buyer who makes the offer.
4. Choosing an agent based on commission they charge. . If you are experienced and can handle the details involved you may want to list with someone just to get in the multiple listing or internet or with a limited service company. If you are busy and have another job besides selling your house, you may want to use an agent who does more than list in the multiple listing. You want to get all the help you can get in this market. Real estate sales involves negotiating, marketing, knowledge of the market, and people skills and is a full time job.
5.Pricing their house too high, saying, 'we can always come down in price." You create maximum interest in the property in the first two weeks when it comes up as a hot listing. If you list too high, some people may not look at your house.
When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.
Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com
She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email firstname.lastname@example.org
If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491
Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others in my post and comments is not to be construed to be legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.