When you’re selling your home or investment property, you want to work with an agent that you can trust, don’t you?
Your selling agent should be someone who understands your motivation for selling.
They should also have a solid communication system, which means you can get in contact with them easily.
Everyone hates endless voicemails on agent phones, don’t they?
Especially when you’re paying them to act on your behalf.
Another key factor in selecting the right agent to sell your home is that they should be honest with you – property warts and all!
The thing is, not all selling agents are upfront with their clients.
So to remedy that, here are five things that your agent may not tell you but they should.
1. Ugly stick?
Everyone loves their homes for different reasons.
One person might love a small, cluttered unit for a home, while another likes lots of open space and an interior that resembles IKEA.
We’re all different so whatever floats your property boat is fine until… it comes time to sell.
A good sales agent will honestly, but diplomatically, inform their client that their home has been hit by the ugly stick and something drastic needs to be done to attract more buyers.
This could be mould in the bathroom or floor coverings made of newspapers.
Whatever might detract from a potential sale needs to be removed.
And an honest agent will tell you so.
2. How long to sell
Most agent appointments are for about 45 to 60 days, depending on which State or Territory you are in.
But the fact of the matter is that your property might not sell in that timeframe – especially in normal or soft market conditions.
Why is that?
Let’s say it’s a two-bedroom house in an area that’s dominated by four-bedroom homes filled with families.
That means that the demographics of that area are probably looking for a bigger home to house their families – not a two-bedroom more suited to a single or a couple.
An honest agent will be upfront about the demand/supply equation with you so you’re not sweating on an offer after the very first open for inspection.
3. Neighbours aren’t necessarily friends
How often have you scoped out the neighbours of a property that you’re interested in buying?
Not that we’re not condoning spying on your potential new neighbours.
Rather, perhaps introduce yourself to them or scan their property to see if it’s full of overgrown grass or Rottweilers – not that there is anything wrong with that.
People can live whichever way they want too as it’s a free society.
But that doesn’t necessarily mean that you want to live next door to them, does it?
4. You can negotiate the commission
Society is all about negotiation, whether we’re buying or selling something or we’re deciding what to have for lunch.
One thing that many sellers don’t understand is that the sales agent’s commission is also negotiable.
Of course, you want the agent to do a good job for you so don’t try to knock the commission down to offensive levels.
However, one strategy might be to negotiate a commission that incentivises the agent to secure a higher price for your property.
An honest agent will be open to such an offer.
Although they will probably negotiate with you – as they should!
5. Why are you selling?
People sell their properties for myriad reasons.
Sometimes it’s because they’re moving or they’ve simply outgrown the property.
Other times, though, it is because they’re worried about the market.
Or they might even think that selling the house will fix their marriage or their relationship.
A professional sales agent will always attempt to understand the vendor’s motivations for selling.
And an honest agent will provide advice on whether selling your property, at that moment in time, is going to fix anything at all.
The bottom line
Don’t get me wrong, the vast majority of sales agents are professional operators who do their very best for your clients.
They are upfront and honest – and the seller gets a result that they’re happy with.
The key is to ask the right questions to ensure that the agent is the best one for you and your property before you appoint them.
And if you’d like a helping hand – and to help level the playing field – you could also consider using our vendor advocacy service.
That way, you can have an independent person who will be prepared to ask and answer the hard questions – without the emotion of owning the property.
Now is the time to take advantage of the opportunities the current property markets are offering.
Sure the markets are moving on, but not all properties are going to increase in value. Now, more than ever, the correct property selection will be critical.
You can trust the team at Metropole to provide you with direction, guidance and results.
Whether you’re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that’s exactly what you get from the multi award-winning team at Metropole.
We help our clients grow, protect and pass on their wealth through a range of services including:
- Strategic property advice. – Allow us to build a Strategic Property Plan for you and your family. Planning is bringing the future into the present so you can do something about it now! Click here to learn more
- Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $4Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney and Brisbane bring you years of experience and perspective – that’s something money just can’t buy. We’ll help you find your next home or an investment-grade property. Click here to learn how we can help you.
- Wealth Advisory – We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you.
- Property Management – Our stress-free property management services help you maximise your property returns. Click here to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years and our properties lease 10 days faster than the market average.
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