Limited Service Real Estate Agents - Pros & Cons9/7/2016
Ever wondered about those real estate agents offering reduced commissions to list your home? Before deciding if it's the best option for you, be sure to ask if they will be reducing their services as well. Here are some helpful questions as you interview agents to handle one of the most important transactions of your life:
1) Will they be using a professional photographer & will the photos be on the websites the day it goes active on MLS? (don't you hate those listings with no photos?)
2) How quickly they can get your property on-line to all the websites?
3) Will they still offer the Buyer's Agent 3% commission or will they pass on their reduction to that agent? I am seeing this more often and it can discourage Buyers from viewing your property - The Buyer's Agent's can ask the Buyer to make up the difference in the commission.
4) How will they answer inquiries (ie a tape recording or a real person?) Do they answer the phone 24/7?
5) Who will handle the paperwork & negotiations - will it be passed off to transaction coordinators who have never seen your property? There are a lot of items for your listing agent to handle from the time an offer is accepted to the day it closes - inspections, title work, qualifying of buyer, keeping in touch with the buyer's lender to be sure it will close on time, etc.
6) How long have they been licensed in your State?
Ask yourself this question: If they are so quick to give away their own money, what will they do when they are negotiating your sales price?
Many times discount brokers get a lot of inventory because of their reduced commissions but then cannot keep up with the volume. Although they may mean well, things can spiral out of control quickly.
Feel free to contact me anytime with your real estate questions.
Your Home Is Where My Heart Is!