Beware of Realtors Who Tell You They Can Sell Your Home For Higher Than Market Value
Any Orlando real estate agent promising to sell your home for higher than it’s worth is probably lying or just doesn’t have the experience to know what they’re talking about.
This is a shady tactic referred to as “buying the listing”. Agents do this with the goal of luring the seller in with a much higher selling price than other competing agents. Then once the agent has the signed listing agreement, they will suggest that you lower the listing price after a few weeks of your home not selling.
Meanwhile, you’ve just lost a lot of valuable time on the market. Even worse, a potential buyer might see how long your house has been on the market and offer less than what they were going to offer originally.
If you’re a homeowner looking to sell your Orlando home, don’t fall for this trap. Talk to several real estate agents in Orlando and get property valuations from all of them.
If one of them suggests a listing price ten thousand dollars higher than the rest, then you can be sure that something’s wrong. You would be wise to only work with an agent that can show you up-to-date real estate statistics and good comparables for your home.
Interviewing An Agent Who Promises A Much Higher Price
- Ask for comparables justifying the price they are suggesting.
- Ask them to provide at least 3 recently sold references, then call each one.
- Find out about the agent’s recent sales. Where there big price reductions?
- How long did they sit before selling?
Real Estate in Orlando is a very competitive business and unfortunately some agents have no problem resorting to using dishonest tactics to try and get an edge on their competition. These types of realtors usually have very short careers in real estate because it doesn’t take long for their fraudulent ways to be found out. Once the cat is out of the bag it’s usually only a matter of time before they drop out of real estate all together.
What A Top Orlando Realtor Will Do For You
- Prepare A Free CMA [Comparative Market Analysis] on your house. With a CMA in hand, they will help you to determine a realistic selling price.
- Give you suggestions on how to make your home look it’s best for potential buyers.
- Prepare a high-quality presentation including, photos and HD video.
- Promote your home on all major listing sites in addition to the MLS.
- Promote your home with a massive social media campaign and on their company website.
- Install a lockbox and sign once the property’s ready to list.
- Hold brokers’ and agents’ open houses.
- Keep you up-to-date on everything that’s going on as it happens.
- Stick with you every step of the way until the closing.
If need to sell your Orlando home for the highest dollar amount, then come see our Orlando listing specialists. Over the years we’ve developed relationships within the community as well as with other brokers and agents which allow us to reach the all of right people within minutes.
