Welcome to Janeys Real Estate Advice Page !
Here you’ll find some invaluable tips and strategies for buying and selling your next property. If you are interested in any Homes For Sale Canning Vale or the surrounding suburbs, you need to read below.
- Tip 1: Don’t use Agent Referral Sites: Contact your Real Estate Agent directly !
One of the first things I recommend to people deciding on their next real estate move is to avoid 3rd Party Agent Referral sites and contact your agents directly. There’s plenty of these referral websites out there: OpenAgent, LocalAgentFinder, etc, but these guys are just the parasite middlemen of the industry, offering very little in the way of quantifiable service, yet charging many thousands of dollars for the privilege.
I’ve done a number of reviews on these types of sites in my >> BLOG << , so for more information, check it out. To put this as bluntly as possible: AVOID OPENAGENT and SIMILAR SITES LIKE THE PLAGUE, THEY WILL JUST END UP COSTING YOU HEAPS OF MONEY FOR VERY LITTLE RETURN.
- Tip 2: Choose your Real Estate Agent
Before you make the move to do anything at all regarding real estate, whether it’s buying or selling, choose your real estate agent first. I know today is all about DIY. The temptation is to simply get in there and get things moving by yourself, but even if your buying a property, you are SIMPLY CRAZY if you don’t get some advice from a local agent before you make the move.
A good agent has their finger on the pulse of just what is happening in their area: what locations are more valuable, issues that may impact certain estates, future property developments, specific nuances that only someone that lives and works in the area would know. A good agent will be able to point you to properties that may have not even hit the market yet. This can expose you to a gold mine of potential opportunities. Oh, and if you’re buying a property, this service is free!!
- Tip 3 : Beware of Agents offering Cheap Fees
In order to provide full service to a listed property, a certain amount of time, effort and expense must be outlaid by your real estate agent. Doing the job correctly takes time and effort. It’s as simple as that. This is what you are paying for. If an agent is willing to cut his standard fees by 30%, you need to ask yourself, just what part of his sales package will you be missing out on?
These “discounting” agents work on volume: they work on the principle that some houses sell quickly whilst others take more time. They sell the easy houses and ignore the homes that take a bit more effort. These “slower” properties eventually go out of contract, and the cheap agent let’s them go, looking for the next easy sell. Cheap fees should set your alarm bells ringing, as this is often the sign of a desperate, and sometimes lazy, sales agent. Lack of consistent home opens, poor communication, missed appointments and insufficient advertising, are just some of the issues we hear of with this type of agent.
- Tip 4 : Beware of Agents Inflating your property price
A lot of people have a pretty fair idea what their property is worth. If you are not sure, get appraisals from a number of prominent agents to help you. Beware of agents that come in with an over priced appraisal. If it seems too good to be true it probably is. Quoting high property prices on appraisal is known in the industry as “trying to buy your listing”.
The idea is the naive seller will choose the agent offering the highest property price, thinking they are getting the best deal. A few weeks down the track when no interest is expressed in your over priced home, the agent will approach you to reduce your asking price. You have lost valuable exposure time and buyer interest in the market with your over priced property.
- Tip 5 : Watch out for Wonky Success Claims by dodgy Agents
Statistics are very easy to manipulate. The facts are often found in the fine print. Take for example an agent claiming to be number 1 in their area, but they are basing this on when they were number 1 for a single week a few years back when they had their best sales week ever. I suppose these guys could technically claim they were number 1, but if truth be told, they should disclose it was only for 1 week 3 years ago, and let the sellers decide. It’s amazing how these little details are often overlooked in the rush for bragging rights.
Any agent worth his salt can readily give you the details of their success. After all, what have they got to hide? Other little gems of “claim to fame” include “Number 1 team with agency X“, but when you investigate, this team is actually the ONLY TEAM in this agency. What’s even more annoying is the arrogance of claims like this. Do they honestly think they are so smart and that everyone else won’t notice it’s all rubbish? Embarrassing.
- Tip 6 : Don’t fall for claims of Sales Teams superiority
Real Estate “Sales Teams” are 2 or more agents working together under a single team name. You see a lot of husband and wife sales teams, and this makes sense with the “sharing the load” format this team implies. There are a number of very successful teams out there, glorious examples of how well this sales model can work.
What you need to be careful of are the teams that claim they have an advantage over the individual agent. They make all sorts of claims along the lines of “2 agents for the price of 1”, “More time to open you home”, “Double the service” etc etc.
it all sounds fantastic until you understand this one basic principle: A team of 2 agents needs twice as many listings to earn the equivalent wage as a single agent. With twice the listings they end up with the same home to agent ratio just like any solo agent.
Once you realise this, all their other claims simply fly out the window!
Good Luck with your Property Experience!!
Using these tips I guarantee your experience with the property market machine will be far more rewarding and less stressful. I have found these lessons to be invaluable and have been learned over many years of buying and selling property as both a customer, and professional in the real estate industry.
I only wish I had been given advice like this when I started my journey in the property market! If you’re looking for houses for sale Canning Vale or surrounding suburbs I would love to be given the opportunity to help you.