Why you should choose a top real estate agent
We know that you are not obliged to sell your home with a top real estate agent, but in this article we will show you why you should. We will discuss what is involved in selling property and how to pick the best real estate agent for you.
Selling a property
We recently wrote an article on selling your home in 2023, which looks into the process of selling and how you can select the right agent for you. But what if you were to look at the option of selling without an agent? Consumers Affairs Victoria states that to sell without a real estate agent, you need to:
- Decide on the sale price range
- Advertise the property
- Making a due diligence checklist
- Negotiate the price
- Obtain a deposit
- Provide the contract of sale, with the Section 32 statement (vendor’s statement) attached
- Arrange the Section 32 statement to be signed
- Handle settlement
It is recommended that you engage a qualified valuer to determine the price range of your property. You are obliged to use a conveyancer or legal practitioner to prepare the Section 32 statement and contract of sale. Also, advertising the property without using a licensed agent, might sound easier than it is.
The 10 benefits of a top real estate agent
A top real estate agent is usually employed by one of the best real estate companies. This will give you the following 10 benefits:
- They come recommended and are trustworthy
- They have a proven track record
- Comparable property knowledge
- Local area insights
- Local connections with tradespeople and potential buyers
- Large database full of active buyers
- Negotiating skills to get you the best deal
- Efficient marketing strategy, usually discounted
- Understanding the difference between qualified and non-qualified buyers
- Saves you time and stress throughout the selling process
The best real estate agents possess qualities that will help in a win-win situation for vendor and buyer. Their negotiation skills, local expertise, and connections will help you sell your home faster and stress-free.
Getting the best results
The top real estate companies will keep up with marketing trends to advertise your property in today’s market. They will have local experience and an online presence. People now are more enticed to enquire about a property that is visually pleasing, so the top real estate agents know how to present your home for the best result. Then they will use online marketing and online advertising alongside other marketing techniques to put your property in front of hot buyers.
With the focus on presentation, a great database, teamwork and local expertise, the best real estate agency can create record-breaking results for you.
The cost of selling your home with a top-rated agent
Naturally you want to work with an agent or agency that has a proven track-record of delivering value for money. Real estate commission is the main cost, which most vendors look at when deciding on which agency they want to work with. The average commission is between 2 and 3% in Victoria. This rate is a payment for the agent’s services, but also a motivation. If the agent gets a higher price for you, they get a better commission. A top-rated agent, will always invest time and energy in getting you the best deal, but will never set unrealistic expectations for you. Therefore, it is important to not solely look at the commission rate, but also at the testimonials and historic results that the sales agent gives you.
Other home-selling costs that you may need to factor in are:
- Minor repair and maintenance costs prior to listing
- Home styling costs
- Marketing costs
- Conveyancing fees
- Auctioneer costs
- Mortgage discharge fees
- Moving fees
- If you’re selling an investment property, capital gain tax
You can read more about these costs when you click here.
Choosing the best real estate agent for you
The first step in choosing the best real estate agent for you and your property, is by requesting an appraisal from the ones that have peaked your interest. This will outline the market conditions; it gives you some comparable sales figures and a price estimate for your property. An appraisal will give you a good indication of the expertise and approach of the agent.
We also recommend looking at testimonials on websites such as realestate.com.au. Reviews give you a great understanding of how an agent interacts with their clients. Another important factor to weigh in when it comes to your decision-making process, is the local expertise of the agent. Someone who has been selling (and living) in your area knows how to sell the lifestyle, the property, and has connections with potential buyers that already would love the location of your house.
The final step is to give your top 2 or 3 agents a call. Get a feel for who they are and decide on whom you trust the most with your valuable sale. The best agent will be honest, professional, and will give you their ideas.
Want to work with our top rated agents?
At Established Property we offer internal and external coaching to our agents to become the best in their field. With over 25 years of experience in the greater Wyndham area, you can be sure that we know the market and have a great report with a large database of buyers. You can request a free appraisal, or contact us to get to know us more.
