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Real Estate Agent & Asking Price

Feb 5, 2008
Are you selling your home? If so, one of the most important decisions you must make is the asking price. If you ask too much for your home you will never get anybody to take you seriously. But if you decide that you are going to set your asking price low, you could be leaving a lot of money on the table that could have been yours. For this reason, setting the asking price of your home can be a difficult task to say the least.

One of the most important benefits of hiring a real estate agent comes to those who are buying a home. If this sounds like the position you are in, keep reading. Most real estate agents have inside information that can work to your advantage. This is not to say that they have tons of secrets, but they do have access to information that the common person does not. For instance, they can check multiple sources to see which homes have just hit the market, as well as which ones may be doing so in the very near future. Additionally, real estate agents have connections with others in the industry. This includes other agents, brokers, and much more. When you work with an agent, you will more or less become a part of this inner circle. In the end this can definitely work to your advantage.

Simply put, if you are working with a real estate agent you will find it much simpler to set an asking price. The reason for this is simple. First off, they are trained in assessing the value of homes. It is safe to say that after a walk through that your agent will be able to give you a good idea of what the asking price should be. Additionally, your real estate agent will also compare your home to others in the area that are also for sale. From there, it is easy to see if you are asking too much or too little for your home.

Keep in mind that you do not have to use the asking price that your real estate agent suggests. But with that being said, they definitely know what they are talking about in this area. Could they make a mistake and ask too much or too little? Sure. But you need to take what they are saying to heart. Many sellers get caught up thinking that their home is worth more money than the actual market value. When this happens, you are not only harming the chances of making a sale but you are also wasting your agent's time. After all, they know what price point is competitive while also giving you the best chance of making a sale. Overall, your real estate agent will be able to help you set the most accurate asking price. If you trust the agent that you hired, you can let them do their thing with the price. Just make sure that they know your feelings as well. By working together you should be able to agree on the perfect asking price.
About the Author
James Gunaseelan writes for Mumbai Rental Portal
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