Tuesday, July 1, 2008

How Much Is Your Property Potentially Worth In A Particular Market?




This might be the most asked question for real estate agent. It is a seller that appoints an agent and therefore it is the seller that the agent must work the hardest for. It is the real estate agent's job to sell and make sure a sale is negotiated at the highest possible price.

You may also want to contact an experienced agent in your area and invite them to conduct an appraisal of your property, advise their opinion on the current market value and suggest an appropriate plan for you.

When it comes to an opinion of value, many real estate agents are quite good at telling an owner what they want to hear, thinking the owner will choose them to list because they have given an inflated, or optimistic view, this can happen on occasion, but fortunately most owners wont just appoint an agent based on opinion of value. Sometimes, because of the agent's opinion, the expectations of the owners were unreasonably high and a good offer was rejected, never to be repeated. This unfortunate error is often the price you pay for selecting an agent on price alone.

For a successful sale to occur, hire an agent agent that knows values in the area and can demonstrate how they can be achieved. A good agent will be able to give an owner a likely selling range.

No comments: