There are many common problems sellers face when working with real estate agents in Fort Wayne. Learn more about what to watch out for in our latest post!
Before we get started, let us first say that there are some truly great agents out there. However, selling with one isn’t always the best way to sell a house. Every house is unique, as is every situation sellers are facing. This is why there should be options when selling. Before you decide to list your house, consider all of the ways you can sell your Fort Wayne house, and then choose which method is right for you. Below are a few common obstacles sellers face when working with an agent.
The Money Up Front
The first problem sellers face when working with a Fort Wayne real estate agent is that you may have to put up some money to sell your property. When you list a house it will need to be competitive with the others on the market if you want to sell fast. Most houses will require not only repairs but also a thorough cleaning and continued upkeep. You might want to stage or pay to have some of your belongings put in storage to make the house appear less cluttered. These costs come into play before the listing agreement is even signed in some instances.
Marketing and Other Expenses
The second problem sellers face when working with a Fort Wayne real estate agent is that you may be paying for expenses you weren’t aware of or ready for. Not all agents are full service. Some will charge you additional fees on top of their commission. Or they will leave certain aspects of the marketing up to you. There are some agents who will list your house on the MLS for a flat rate and that’s it. You will need to show the property, handle questions, pay for additional marketing and more. Every agent is different in what they offer. If you choose to work with a Fort Wayne real estate agent, make sure you know what services are included with their fees, and which are not.
Glorified Listing Prices
The third problem sellers face when working with a Fort Wayne real estate agent is that they may inflate your home’s value. This isn’t true of all agents, but some will glorify your listing price in order to have you sign with them. This can hurt your ability to sell quickly as a high price will make many people look the other way. You will eventually need to lower the price, which only wastes your time in the long run. Houses that sit on the MLS get no way near as much attention as fresh listings hitting the market. This is why it is important to price your property correctly from the get-go.
A Non-Responsive Agent
Another problem sellers face when working with a Fort Wayne real estate agent is lack of communication! There is nothing worse than being stuck in a listing agreement with someone who doesn’t return your calls, texts,or emails! A good agent will make you feel as if you are their only client. They will answer all of your calls and questions and touch base with you frequently to let you know of any developments in the selling process. You should never have to call more than once or spend time having to track them down. A good realtor cares not just about their paycheck, but about their clients’ happiness. Remember, they work for you!
Being Stuck In A Contract
The fifth problem sellers face when working with a Fort Wayne real estate agent is getting stuck in a contract you don’t want to be in! 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 find the buyer yourself, you will still be required to pay your agent. It is especially frustrating when you get stuck with an agent who isn’t working as hard as they should be. You can find yourself doing much of the work, only to have them collect their fee when all is said and done.
Selling Direct Might Be For You
For many houses in the Fort Wayne area, a direct sale can be a much better choice. There are no commissions, fees, repair costs, or marketing expenses. You won’t have to wait around for a buyer or worry about the sale falling through. Do your research, and find the option that works best for you. Still have questions? Call us at the number below!