Now that you have decided to sell your home, it is important to have an idea of what information you should have in order to have a smooth experience with the agent that you have chosen and the buyer also. Do your homework earlier as it pays. You will stay knowing what to anticipate for in every corner of the deal.
i) Understand the background of your auctioneer
The real estate market is lucrative and frauds have infested the market as they seek for opportunity to exploit unsuspecting clients. The basic thing to look for is a valid license from a respectable governing board or body for real estate agents. Validate their address and qualifications, as this will help you gain confidence with them.
ii) Understand the worth of your home
You can have your agent help you to establish this or you can do your own calculations. Besides, many resources online can guide you on how to approximate the value of your home. Factor in all costs that would be involved up until the last step of the auctioning and settle for an amount that will reflect the real value only. Do not over or under calculate, you will scare potential buyers either way.
iii) Ask your agent the strategies they plan on using
A strategy includes details on how the house will be marketed, advertised, buyers selected and taken to view quality homes for sale in brampton and how the payment process will go up until the last step. As the owner of the house, you need to stay involved in every step. When selecting an agent, they should also agree to be constantly be updating you on every step of the process.
iv) What protection do you have in case the sale takes an unanticipated turn?
The topsy-turvy real estate market comes with its snags. One minute your house is a hot cake with potential buyers swarming to view it, the next minute you are struggling to find a suitor. The agent should inform you on the protection you have which normally includes:
• Reserve bid – In this system, there is a floor limit to the amount that the house can be sold for. This amount can be either public or private but to make the bid-process more fun, it is advised that you keep it private.
• Absolute Auction – There are no floor or ceiling values, the highest bidder buys the house. This would be a bit less comfortable especially in a market where buyers have honed their negotiation skills.
v) What happens when a seller changes their mind mid-way?
There are those moments when a seller observes the trend of the auctioning process and decides not to sell the house. This change of mind can also be cause by other factors but how does the agent handle such a case? Have your agent come out clearly on this and if necessary, let them put it on paper and the both of you sign. Another scenario that can crop up is finding a serious buyer make an offer for the house before the auctioneering process has officially kicked off.
For other important information, visit: quality homes for sale in brampton.