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Renata & Ziggy Trawinski
IQ Real Estate
Buying & Selling, Calgary, Alberta
P: 403-208-2368
F: 403-776-6075
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Saturday, May 8, 2010 - 3 Mistakes Sellers make when choosing a Realtor

3 Mistakes Sellers make when choosing a Realtor:

1. Going with the agent who promises you the highest sale price, the most amount of money (even if the price seems unrealistic).

2. Choosing the agent who promises to save you money by discounting the commission rate.

3. Picking an agent that works with a few agents team.

Consequences of these 3 mistakes:

1. The inflated price you were quoted (in order to get your listing) results in few buyers coming to view your home (because they can get a comparable, properly priced house, for less money) and you end up having to endure a series of price reductions which result in your home finally selling for BELOW its true market value.


2. A lower commission does not mean you will net more on your real estate sale. According to Real Estate consultants, it’s a myth that reducing the commission always results in more money for the seller. In fact, nothing could be further from the truth. Maximum exposure of your listing to the marketplace is a critical factor in achieving the highest price possible. Agents who cut services (don’t market the property properly) in exchange for taking a lower commission often cost clients much more than the extra one to three percent they save in commission. Depending on price, the cost could be tens of thousands of dollars.


3. After listing with the team leader, all dealings are now with numerous other agents you have never met. Because they sometimes have over 35 or more properties for sale, they just don’t have the time to market your home or even talk to you.

posted in Real Estate News at Sat, 08 May 2010 11:38:21 -0600



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