There are several common problems that Montreal sellers face when dealing with real estate agents. Learn more about what to look out for in our latest article!
Before we start, let us tell you that there are some great agents out there. However, selling your property with one of them is not always ideal. Every home is unique, and so is every seller’s situation. That’s why you should have several options for selling. Before you decide to put your home up for sale, take the time to consider all the ways to sell your Montreal home, then choose the method that best suits your needs. You’ll find some common problems sellers face when dealing with real estate agents below.
Start-up costs
When you advertise your home, you’ll need to make sure it stands out from other homes in the area if you want to sell it fast. Most homes need repairs, cleaning and constant maintenance. To look good, you might consider redoing the interior design or paying to store your belongings so the house feels less cluttered. You’ll need to pay these expenses before you even sign up with an agent.
Promotion and other expenses
Not all agents will offer you full service. Some will charge you additional fees on top of their commission. Or they’ll let you take care of certain aspects of the promotion. There are also agents who will offer to list your home on ad sites for a fixed fee, and that’s it. You’ll then have to show your property, answer questions, pay for additional promotion, etc. Each agent will offer you a different service. If you choose to do business with a Montreal real estate agent, make sure you know what services they offer.
An inflated sales price
This is not the case with all agents, but some of them will exaggerate the selling price in order to obtain your contract. This can have a negative impact on your ability to sell quickly, as too high a price will drive buyers elsewhere. You’ll eventually have to lower your price, and you’ll just have wasted your time. What’s more, properties that remain on the ad sites for a long time receive less attention than freshly advertised properties. That’s why it’s important to set the right price from the outset.
An unresponsive agent
There’s nothing worse than being represented by someone who doesn’t return our calls. A good agent will make you feel like you’re their only customer. He’ll answer all your calls and questions, and contact you frequently to keep you up to date with new developments. You should never have to call him several times or spend your time trying to find him. Remember, he works for you!
A contract that’s too restrictive
Being caught up in a contract can be very frustrating. Most contracts state that the agent is entitled to his commission, regardless of how the house is sold. Even if you find a buyer yourself, you’ll still have to pay your agent. It’s even more frustrating when you’re stuck with an agent who doesn’t work as hard as he should. You may find yourself doing a lot of work. All so that he can come and collect his share when everything is settled.
Selling direct could be better for you
As is the case with many properties in the Montreal area, a direct sale could be a much better solution. There are no commissions, no fees, no renovation costs, and no promotional costs. You won’t have to wait for a buyer or worry about a sale that’s slipping through the cracks.