Best of luck to you!
I'm sorry you had such a bad experience with your last agent. I have to admit there are agents who will just put a sign in the yard. However, most will actively work for you. We do a ton of work behind the scenes. Here is a good article you might want to take a glance at. http://homebuying.about.com/od/realestateagents/tp/Whyhireag
Remember, the Buyers Agent does not work for you they work for their buyer. If you are not 100% familiar with the home selling process and all the legal documents that are involved it is best to hire an Agent to help protect you.
Best wishes to you! :-)
The first main job of the Realtor is to "get showings". When your home was listed last time, did you have showings? If you had it listed for some period and had 20+ or more showings, then your past Realtor did an OK job from that perspective. The Realtor was told to get people in your home to look at it. If buyers came and did not buy the property, then a better question is why did the people not buy it? The people who came for showings were real buyers as people are too busy to just go to your home to see it for fun. If there were showings and no one bought the property or made an offer, then it could be that the price was too high or the property had some certain feature that did not appeal to the buyers etc.
Itâ€™s not just the Realtors job, itâ€™s a partnership? The point is that the seller has responsibility is to have the home clean, picked up including smelling clean and ready when the showings come and also vacated the home prior to the people arriving. The home has a job, in that it must be free of defects that make buyers flee. That is major problems like structural problems etc. and I doubt you have this, but there are some people who do.
I would also say that the list of people who saw your home last time as showings would have had "feedback". Did you get any? This is another job the Realtor does and involves many phone calls or emails. If you ask me, this is the most important job that Realtors do or should do. The showings are important, but the reason that someone did not buy is critical. If it is a simple problem like the buyers repeatedly stated that the colors of the home were just too loud or that they thought the room sizes were too small, then there are things we can do to correct if you feel it justifies the sale and getting more money for the property. First, paint is simple and cheap and can really change the minds of buyers so if buyers state that colors are wrong, it can be addressed. As well, if room sizes are too small, we can try to take things out of the rooms to make them look roomier etc. and at least do things to get that feedback to be replaced by offers.
On the other hand, if your feedback is repeatedly stated that it backs to a busy road, too noisy, in the flight plan of the airport, poor floor-plan, needs updating, has some glaring structural issues etc, these are things that can't be corrected and so you can not prepare for upcoming showings and buyers to then win them over and get their offer.
There is one feedback that does not fit either category or it fits both categories, not sure which. That is PRICE. It is something you can change, though it is hard to do and many sellers are somewhat reluctant. Here comes another job a good Realtor does....A good Realtor should do an analysis of sales in the neighborhood, assess how your home compares to that and tell you what price to list your home at and what price to expect the offers and sale price could be. This is not exactly simple, but a good Realtor will have a good idea of what the list price should be and what to expect in the market.
Price is always important and is market driven so your sale price could be more now than it was last time you listed, but it will take research to identify it. It is thought that the main job of a Realtor is to sell your home for the most money in the current market within the time-frames that fit your personal preferences. Sure that sounds nice and simple, but there are many tasks that go into making that happen.
Many of the tasks that Realtors do to sell your home are obstacles that can cost you money or put you at other risks. Remember that you are entering into a binding "CONTRACT" when you sell your home. The best ones to know the contract and how to work within it, are Lawyers and well educated Realtors. Realtors have studied and gotten years worth of knowledge selling homes, while sellers who have sold one or two homes in their life believe that the process is simple. People who look at our job and think it is simple have many times, had good experiences with a Realtor in the past. If the Realtor does a great job, they made it "look easy" and that is a good thing.
I am a Castle Rock resident. Visit my website at http://www.searchforhomesincolorado.com. You can learn about me, get my email, cell phone, and see what I do to help my clients. I would be honored to help you. Contact me if you would like my help to sell. Thanks.
Realty One Group
Good question. I like Anthony's answer below. You might want to start by going back to your previous agent and have him explain a little more about what he does in the sales process. It is not nearly as simple as you think. Even if it turns out he didn't do a great job, I would not let that deter you from finding a good local agent that you feel comfortable with. You may want to interview 2 or 3 other listing brokers to get a better understanding of the process. Especially in this current environment you really need a true professional to work through pricing and the possible event f multiple offers and other nuances that the agent has to work with. There are so many new laws, pitfalls, and even outright scammers out there today that you would be fending off on your own.
There are also some legal issues that the Realtor knows about that you would not be aware of that could cost you big time. We as Realtors are required to carry a million dollar Errors and Omissions insurance policy to be prepared for unexpected eventualities. As a home seller you are required to know the rules and a slip up could cost you everything. The commission is negotiable; but you are more likely to be looking at between 5 and 7% of the purchase price and it will be well worth it to you.. About half goes to the buyers broker and part goes to the brokerage the agent works for. When you interview the agents, ask them these questions and have them give you a better understanding of what is involved. It is not nearly as simple a process as you see from the outside. Many a 'for sale by owner' has crashed and burned in this meticulous process. Finally, this could be the best time in your life to make this move. It is officially a 'seller's market' now as opposed to the buyers market you were dealing with a few years ago. All the best to you.
Your Castle Realestate
I'd love the opportunity to hear about the goals you have in listing your home.
Although I am an agent, from one heart to another, I strongly discourage going at this process alone. There is a ton of legally binding documents, deadlines, large amounts of money changing hands etc; best to let professionals monitor the transaction to ensure it's smooth and safe. That being said, commissions are negotiable, agreed upon by Seller (you) and the Listing Agent. From there, the amount will be broken up and distributed through the Closing entity accordingly. It'd be nice to earn the entire mentioned $7, 500, but we don't :) For sake of conversation between you, 5.6% is a good number to consider. The "going rate" of 3% probably reflects one part of the whole.
Please feel invited to contact me with any questions needing an answer regarding the buy/sell process. Hope this helps!
Yours in service,
Leah Mantelli, Keller Williams Realty Success 720.270.9580
If it does not feel right to you and your looking for a change, I would be happy to take a look at your current situation.
I'm sorry to hear that you had a bad experience with the previous agent. The fact is that most agents do exactly what you described. You will see them at the beginning to sign the listing agreement and if you house sells, you will see them at the end to collect their 2.8%. I was a real estate investor for over a dozen years before I decided to enter the real estate industry. I've used everyone from the top sellers to my best friend. In the end, I find that the ones who offers you the best service are the ones that takes time to educate you about the market and the selling process. I have developed a system over the years to ensure the utmost transparency and quality service. Feel free to contact me directly and we can talk more. The bottom line is, the ones who ACTUALLY earn your business are the ones who will actually do work to sell your home. Feel free to call or email me @ 303-668-4421 or TomDangofDenver@gmail.com. Best wishes!
Hope this helps - Scott Futa
I am sorry your last transaction was not a good one. There are many of us who have high professional standards and would want to help you all the way.
Let me know if you have any questions
720 226 4168
I am sorry your last selling experience left you disappointed. All agents are different, do different marketing and have a different marketing budget. You should interview several agents and be upfront about what you expect to get from them if you hire one of them to list your home.
I have to be honest, it is not very common for your listing agent to actually bring a buyer for your home, but the marketing techniques can and do make a difference... So best "wise words" is to interview several Realtors and see which one is the best fit! Good luck and please let me know if I can help!
Cherry Creek Properties
How long does it take you to earn $1875?
How many years of sweat and training does it take to be a success in Real Estate?
How many frogs do they have kiss, before they find a prince?
Interview several agents, and ask them what they will do for you. What is there marketing plan? Tell them about your experience and ask how they will be different than that agent, for the large commission they will be paid, and ask how they will "earn" it? Sit back and listen, and let them fill the silence.
If they can't provide you with strong evidence that they will be doing a better job (significantly) than your prior agent... well, then you've got your answer.