Selling your Oklahoma City house through an agent? Make sure you read this blog post that reveals 4 mistakes you should avoid when listing when an agent in Oklahoma City…
If you’re looking to sell your Oklahoma City house, or if you’re an agent who is selling houses in Oklahoma City then here are 4 mistakes you should avoid when listing when an agent in Oklahoma City…
What is a Listing Agent?
A listing agent is a real estate agent who works with a homeowner to list their property for sale on the open market. The listing agent’s primary responsibility is to represent the seller in the transaction and to help them navigate the selling process, from pricing and preparing the home for sale to negotiating with potential buyers and closing the sale.
Listing agents typically provide a range of services to help sell the property, including marketing and advertising the home, scheduling and conducting showings, and helping to arrange inspections and other necessary steps in the selling process. They earn a commission on the sale of the property, which is usually a percentage of the final sale price.
First, Don’t Assume That You Can Sell Right Away
When selling your house, it’s important to avoid assuming that you can sell right away. Even in a seller’s market, where demand for homes is high, it can take time to find the right buyer and complete the selling process. There are a number of factors that can impact how quickly your home sells, including its condition, location, and the current state of the housing market. It’s important to be patient and to work with a qualified real estate agent who can help you price and market your home effectively to attract potential buyers.
Second, Don’t Assume That The Asking Price Will Be The Selling Price
When selling your house, it’s important not to assume that the asking price will be the selling price. While setting a realistic asking price is crucial for attracting potential buyers, it’s also important to be prepared for the possibility of negotiation. Buyers may make counteroffers or request repairs or other concessions, which could impact the final selling price. It’s important to work with a qualified real estate agent who can help you set a fair asking price and navigate negotiations with potential buyers to help you get the best possible price for your home.
Third, Don’t Assume All The Money Goes Right Into Your Pocket
Some people make the mistake of assuming that the selling price (minus anything they owe on their mortgage) is pure profit. But this is not true.
If you are a seller, make sure you know that there will be agent commissions, closing costs, and other fees you’ll have to pay. If you’re a real estate agent, make sure you explain to your customers.
Fourth, Don’t Assume That The First Offer Will Go Through
Buyers often make offers and then discover that they can’t get financing for some reason.
When selling your house, it’s important not to assume that the first offer will go through. While receiving an offer on your home can be exciting, it’s important to remember that there are many factors that can impact the sale, including financing, inspections, and the buyer’s ability to meet contingencies. It’s important to carefully review any offers you receive with the help of a qualified real estate agent and to be prepared for the possibility that the sale may not go through. It’s also a good idea to continue marketing your home and seeking out additional offers until the sale is finalized.
Summary
Whether you’re a property owner looking to sell, or a real estate agent representing sellers, these are 4 common mistakes that can happen during the sales process – so make sure you’re aware of them.