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Looking for a Cheap Realtor? (Seller Beware!)

October 12 2018
by Leisl Bailey

looking for a cheap realtor seller beware

Are you looking for a cheap Realtor? Then you might be getting cheap service. When trying to decide on a person to sell your home, your main motivation might be who will sell it for the least amount of money.

While this is totally understandable, something you have to keep in mind is that you are paying for quality. If you pay next to nothing for a person to sell your home, then you might get next to nothing service.

In this article, we will walk you through the pitfalls of hiring a cheap real estate agent to sell your home. But don’t worry – we have a solution for you.

It’s totally possible to sell your house for top dollar without forking over a ridiculous amount of commission.

You just have to follow our secret.

Looking for a Cheap Realtor? (Seller Beware!)

Real estate agents are professionals who have experience selling homes and connections in the industry. This means that working with a Realtor is typically significantly easier than attempting to sell your home on your own.

You pay for the type of service you will receive. Here’s why you should be wary of working with cheap Realtors, as they are usually too good to be true:

A Cheap Realtor when You Are Picking a Sales Type

When you are picking a sales type, there are three you can choose from.

The first is an auction sale. This is when you agree on the lowest acceptable sales price and auction off your home. In a fixed-date sale, your agent gathers multiple offers for your home and delivers them to you by a certain time. Then you select your favorite.

The most popular type is the asking price sale. You list your home under a specific price then look for buyers willing to pay that price.

If you have a cheap Realtor, he won’t take the time to explain your options. He’ll just pick whatever sale type is most convenient for him.

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A Cheap Realtor when You Are Setting a Selling Price

Undervaluing your home could cause you to lose out on a great deal of money. But a cheap Realtor won’t care. While a good agent will work with home assessors and examine the local market to get a good price for your home, a cheap Realtor will set your home’s price unrealistically high.

It doesn’t matter if your home might then sit on the market for months. He is just trying to maximize his own profits for minimal effort.

A Cheap Realtor when You Are Signing the Agent’s Agreement

A good Realtor will ask you to sign an exclusive agency agreement when you hire him to sell your property. This is a contract that outlines his commission, the home’s listing price, how long the agreement will last, how much it will cost to market the home, and more.

Cheap Realtors might not even bother with having you sign this sort of contract because they don’t plan to spend that much time or effort selling your home, so it doesn’t matter if someone else steps in to sell it.

A Cheap Realtor when You Are Preparing the Contract of Sale

You usually create a Contract of Sale with the help of a lawyer. It includes everything you and the buyer need to know about the home and the sale.

A cheap Realtor will likely just say “sign here!” and not care about your questions or concerns about the documents.

A Cheap Realtor when You Are Advertising and Showing Your Home

Advertising is essential to securing a good sales price for your home! Digital advertising is especially important in today’s digital age. A cheap agent will likely take some photos on his phone, post them onto a database called a Multiple Listing Service and hope for this best.

He might host a showing or two, but it’s unlikely that he will reach out to his vast professional network to find a buyer – because he does not have one.

A Cheap Realtor when You Are in Buyer’s Negotiations

A good Realtor will work quickly and effectively for you during this process. He wants to get the best price possible for you. Cheap Realtors tend to hold out for a higher, unrealistic sales price because they want a higher commission. A cheap Realtor will never advise you to walk away from a deal, even if it’s not a good fit for you.

A Cheap Realtor on Closings Day

Closing day is when you surrender your keys and your ownership of the property. If you hire a cheap Realtor, you might feel like you are rushed into closing, or leave the negotiating table with a sour feeling.

Alternative to a Cheap Realtor? A Flat Fee Realtor!

If you don’t want to break the bank when selling your home, but still work with a qualified professional, don’t worry! There is still hope for you.

You can work with a flat fee Realtor. They offer the exact same full service real estate, but for a fraction of the cost.

Looking for a flat fee Realtor? Clever is here to help! Our agents offer full service real estate support – at an affordable price.Are you looking for a cheap Realtor? Then you might be getting cheap service. When trying to decide on a person to sell your home, your main motivation might be who will sell it for the least amount of money.

While this is totally understandable, something you have to keep in mind is that you are paying for quality. If you pay next to nothing for a person to sell your home, then you might get next to nothing service.

In this article, we will walk you through the pitfalls of hiring a cheap real estate agent to sell your home. But don’t worry – we have a solution for you.

It’s totally possible to sell your house for top dollar without forking over a ridiculous amount of commission.

You just have to follow our secret.

Looking for a Cheap Realtor? (Seller Beware!)

Real estate agents are professionals who have experience selling homes and connections in the industry. This means that working with a Realtor is typically significantly easier than attempting to sell your home on your own.

You pay for the type of service you will receive. Here’s why you should be wary of working with cheap Realtors, as they are usually too good to be true:

A Cheap Realtor when You Are Picking a Sales Type

When you are picking a sales type, there are three you can choose from.

The first is an auction sale. This is when you agree on the lowest acceptable sales price and auction off your home. In a fixed-date sale, your agent gathers multiple offers for your home and delivers them to you by a certain time. Then you select your favorite.

The most popular type is the asking price sale. You list your home under a specific price then look for buyers willing to pay that price.

If you have a cheap Realtor, he won’t take the time to explain your options. He’ll just pick whatever sale type is most convenient for him.

A Cheap Realtor when You Are Setting a Selling Price

Undervaluing your home could cause you to lose out on a great deal of money. But a cheap Realtor won’t care. While a good agent will work with home assessors and examine the local market to get a good price for your home, a cheap Realtor will set your home’s price unrealistically high.

It doesn’t matter if your home might then sit on the market for months. He is just trying to maximize his own profits for minimal effort.

A Cheap Realtor when You Are Signing the Agent’s Agreement

A good Realtor will ask you to sign an exclusive agency agreement when you hire him to sell your property. This is a contract that outlines his commission, the home’s listing price, how long the agreement will last, how much it will cost to market the home, and more.

Cheap Realtors might not even bother with having you sign this sort of contract because they don’t plan to spend that much time or effort selling your home, so it doesn’t matter if someone else steps in to sell it.

A Cheap Realtor when You Are Preparing the Contract of Sale

You usually create a Contract of Sale with the help of a lawyer. It includes everything you and the buyer need to know about the home and the sale.

A cheap Realtor will likely just say “sign here!” and not care about your questions or concerns about the documents.

A Cheap Realtor when You Are Advertising and Showing Your Home

Advertising is essential to securing a good sales price for your home! Digital advertising is especially important in today’s digital age. A cheap agent will likely take some photos on his phone, post them onto a database called a Multiple Listing Service and hope for this best.

He might host a showing or two, but it’s unlikely that he will reach out to his vast professional network to find a buyer – because he does not have one.

A Cheap Realtor when You Are in Buyer’s Negotiations

A good Realtor will work quickly and effectively for you during this process. He wants to get the best price possible for you. Cheap Realtors tend to hold out for a higher, unrealistic sales price because they want a higher commission. A cheap Realtor will never advise you to walk away from a deal, even if it’s not a good fit for you.

A Cheap Realtor on Closings Day

Closing day is when you surrender your keys and your ownership of the property. If you hire a cheap Realtor, you might feel like you are rushed into closing, or leave the negotiating table with a sour feeling.

Alternative to a Cheap Realtor? A Flat Fee Realtor!

If you don’t want to break the bank when selling your home, but still work with a qualified professional, don’t worry! There is still hope for you.

You can work with a flat fee Realtor. They offer the exact same full service real estate, but for a fraction of the cost.

Looking for a flat fee Realtor? Clever is here to help! Our agents offer full service real estate support – at an affordable price.

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