Selecting a Real Estate Agent – Listing Agency Agreement
When finding and hiring a realtor to list, market and sell your home, you must first select a real estate agent which includes a listing agency agreement. Your goals may be different, but most sellers will agree that they are hoping to sell their home for the highest price in the least amount of time. Hiring a real estate agent is a means to the end, but perhaps the most important decision you will make in the process of selling your mountain home will be the real estate agent you choose. There are lots of real estate agents in every market, and like everything else, the 80/20 rule applies here as well (80 percent of the agents transact 20 percent of the sales, and conversely, the top 20 percent of the agents are involved in 80 percent of the transactions).
Many agents are part time and may not be as focused on selling your home as you would like. Some agents have another job, because their current business is light or they cannot support their lifestyle as a full-time agent. You will want to find out more about your potential real estate agent before you hire them to represent you. What you’re looking for, of course, is someone in that rarified 20 percent, someone with the experience and commitment to help you list, market and sell your home
Finding an Agent
When finding and hiring a realtor to list, market and sell home, you may consider the agent who represented you on the purchase of your home. If you were happy with the agent that represented you on the purchase of your home, and that agent is still active in the market, you should consider them as a candidate. The Internet is a great resource and can allow you to search easily for real estate agents in your market. Use Google to search for agents in the mountain town (for example, you might search for “Vail Colorado real estate agent”), or, if you have identified a few agents, google their names, and the names of their brokerages. If you are looking to sell a luxury home, it makes sense to find a real estate agent that also has similar luxury listings that are in the same price range, and who have represented other sellers with similar luxury transactions. You might go to www.realtor.com and search for homes for sale – first select your mountain town, then enter the minimum and maximum dollar amount of your budget, then click Search. The listings that match your criteria will come up, and the agent’s name and brokerage will be shown at the bottom of each listing. It is a good idea to identify a few of these agents and add them as potential candidates.
Real Estate Agent Referral
When finding a realtor to list, market and sell your home you should get a real estate agent referral. Ask neighbors and friends in your mountain town who they used and how it went. Contact a trusted real estate agent in your hometown to help you with your search. Real estate agents work on referral basis, and it is not uncommon for one real estate agent to refer you to another real estate agent and receive a referral fee (real estate agents are not permitted by the National Association of Realtors (NAR) to pay referral fees to anyone but other licensed real estate agents). If you go this route, make sure that your referring agent does their homework because you are relying on them to select the best agent for you (and they will be compensated when you close, usually 20-25 percent of the net commissions to the agent). Most agents are happy to pay this referral fee because it is new business, and if an agent in another market is influential and can refer additional business down the road, then it is a win-win.
Let me know how I can help you. I know many agents in resort real estate markets, and may be able to help you find you an excellent agent.
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This Crested Butte Real Estate Market Report March 2017 and the level of detail is representative of what you can expect from me as your Real Estate Agent. I have consistently been among the top real estate agents in CB and I strive to exceed client expectations. If you are interested in finding out what your property is worth, or considering me to represent you as a Buyer, I would appreciate the opportunity to earn your business (or that of a friend you think I could help).
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For more questions regarding Crested Butte Real Estate Market Report May 2017 or the Crested Butte Real Estate Market contact:
Global Luxury Property Specialist
Coldwell Banker Bighorn Realty
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2016. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
Data last updated on: 10/24/2016