Most buyers believe (whether true or not) that owners inflate the price of their
home by at least the amount of the commission. In this way, if they later decide to employ
a broker the sales price will include the commission.
The buyer who deals directly with the owner will argue and insist that the seller
reduce his price by at least the amount of the commission. The owner, of course, has had
all of the effort and selling expense himself.
·
Qualified Buyer ·
Many buyers over-estimate their financial ability to qualify for certain priced
homes. By pre-qualifying his prospect's financial ability, the real estate agent
eliminates the time consuming expense of contracts with buyers who cannot obtain the
necessary financing.
·
Sincere Buyers ·
A "for sale by owner" sign is an invitation to bargain hunters,
real estate speculators, and "lookers" who just want to get an idea of the
market.
A real estate agent screens all of his prospects. He is not going to waist the owner's
time or his time by showing homes to anyone but sincere buyers.
·
Financial Experience
·
The real estate agent's experience in arranging financing for the buyer can
mean a much quicker sale. Since he or she plans many loans, the agent may get better terms
and better service from the lending institutions. After pre-qualification an approval is
guaranteed.
·
Hidden Objections ·
Prospects will much more readily discuss objections with a real estate agent
than with the owner. They do not want to put the owner in a position of defending his
home.
Many hidden buyer objections can be overcome once they are known. This is one reason
why homes sell much faster through real estate brokers.
·
Proper Follow-Up
System ·
Homes are frequently sold on the second visit arranged by the real estate
agent. Real estate agents maintain an active follow-up system of prospects. When the
situation is right, he or she can bring the prospect to a home previously seen and make a
sale.
·
No Undesirable
Stranger ·
Most sellers don't like the idea of a strange man gaining access to the home
with the wife alone. There have also been instances where they have posed as legitimate
prospects in order to learn what is of value and how to later get access to the home. The
real estate agent assures that only legitimate prospects will be admitted to your home.
·
Your Home Is Always
On The Market ·
When you attempt to sell a home yourself, your house is actually off the
market whenever you are at a store, visiting friends, or doing anything away from home.
When a real estate broker is involved your house is on the market 24 hours a day because
there is always someone ready to talk business with the prospective buyer. The agent is
committed to you!