Are you working with a local agent to sell your condo? Or maybe you’re thinking about it? If so, we’ve collected the top 4 things you need to expect when selling with an agent — to help you navigate this process easily!
There are many ways to sell your condo and many people choose to work with an agent to help them with that process. Do you plan to work with an agent? If so, here are 4 things you need to expect when selling with an agent…
4 things you need to expect when selling with an agent
A real estate agent is a professional who performs a service for your benefit. This shouldn’t come as a surprise, and yet many people are surprised when they learn that the agent charges a commission for their service – usually 6% of the selling price goes to the agents, representing thousands of dollars! For some people, that’s okay because they want the benefits that an agent provides, but it can be a costly surprise if you’re not prepared.
You probably want to sell your condo as quickly as possible. An agent wants that too. However, an agent is at the mercy of what buyers want. Agents will work hard to find a buyer for your condo but they can’t always guarantee that your condo will be sold within a certain timeframe. (Note: if you DO need to sell in a certain timeframe, the fastest way to sell is to skip an agent and just let us buy your condo directly. Call us at (714) 576-6282 to learn more about this service).
For an agent to find a buyer who wants to buy your condo, they have to show it to people. Buyers will obviously want to walk through the property and decide for themselves if it’s the right place for them. Therefore, if you work with an agent, you should expect the agent to arrange showings with buyers – which almost always means you need to leave your condo while buyers walk through it.
Agents provide a great service but the truth is – they don’t control the process. There are many unknowns that will influence the sale of your condo. These unknowns include: the number of other sellers selling similar properties, the number of buyers who want to buy, the number of banks willing to lend money for mortgages, the state of the economy in the city, within the state, and in the country as a whole. Therefore, you may want to sell right now at a certain price, and the agent will do their best but you may be forced to sell later at a lower price.
Selling your condo can seem daunting, which is why many people choose to work with a real estate agent. If that’s how you want to sell your condo, make sure you know these 4 things you need to expect when selling with an agent.