It’s typical for sellers to face a variety of problems when dealing with real estate agents in Miami. And today’s article will address these issues directly.
However, before we get started, it should be noted that there are some genuinely fantastic agents with years of experience working in the industry.
Still, every property, agent, and seller is different which is why you should take a look at the typical issues that arise when working with an agent.
Just, Take A Look At The Selling Costs.
The Money Up Front
Listing a property on the open market is similar to selling any new product – it needs to be priced competitively to attract the interest it needs to sell.
But, most houses will require repairs and, more importantly, thorough cleaning inside and out! You might also want to stage the property professionally or box up most of your belongings to make the house appear less cluttered.
These costs are typically covered by YOU before listing your home for sale or even signing a contract with an agent.
Marketing and Other Expenses
Not all agents are full service. Some will charge you additional expenses on top of an already hefty commission fee. Or they may leave certain aspects of the marketing and advertising up to you.
There are flat-rate agents who will list your house on the MLS and nothing more. You’ll be responsible for handling bookings, negotiations, marketing costs, and more.
Every agency will offer something slightly different. If you choose to hire a Miami real estate agent, make sure you find out exactly what services they provide and what’s not covered under your contract with them.
Glorified Listing Prices
This isn’t true for all agents. However, some agencies have been known to glorify your listing price in order to coerce you into signing a deal with them.
Once you have an agreement in place, the end commission fee, marketing costs, and listing expenses are non-negotiable no matter what your property sells for.
Plus, an inflated asking price that’s not in line with the market will deter potential buyers. You’ll be forced to lower the price. But, by this point, your property will have already dropped down on the MLS list of available homes for sale.
Houses that sit for too long on the MLS don’t get anywhere near as much attention as fresh listings that hit the market that day or that week. That’s why it’s important to list your property competatively from the get-go.
A Non-Responsive Agent
There’s nothing worse than being stuck in a listing agreement with someone who doesn’t return your calls.
True agents are typically busy people, dealing with plenty of clients, buyers, and sellers alike on a daily basis. But, a great agent will make you feel as if you’re their one and only client.
They should answer all of your calls, questions emails, and text messages. They should connect with you frequently to let you know if there have been any new developments. You should never have to chase your agent or spend hours trying to track them down. Remember, they work for you!
Being Stuck In A Contract
Getting stuck in a listing agreement can be very frustrating. Most agreements will state that the agent is entitled to their commission no matter how the house is sold.
Even if you’re the one who ends up finding a buyer and negotiating the terms of the deal – if you’ve agreed to a 6% commission fee, then that’s what you have to pay.
It is especially frustrating when you get stuck with someone who isn’t pulling their weight or dedicating as much time as you’d hoped. When this happens, homeowners feel like they’re the ones doing most of the work.
That’s why opting for a Direct Sale might be the Right Choice for YOU!
For many homeowners in the Miami area, a direct sale is a superior choice. No commissions fees, repair costs, or marketing expenses! And you won’t need to worry about the possibility of the buyer’s financing falling through at the last minute.