Considering selling your home in Corpus Christi through a real estate agent? This article unveils 4 pitfalls you should steer clear of when engaging with an agent in Corpus Christi.
For homeowners keen on selling or agents guiding such sellers, these are the 4 pitfalls to sidestep:
1. Avoid Overestimating Your Listing Timeline
Real estate markets can be volatile and can shift rapidly based on various influences. It’s essential to maintain realistic expectations regarding the time it takes to sell.
For sellers: anticipate that the complete sales process might stretch over several months, from prepping the home to finalizing the deal. Agents should ensure that they set realistic expectations for their clients and refrain from making lofty promises.
2. The Listing Price Isn’t Necessarily the Final Price
The initial listing price serves as a benchmark of what a seller hopes to achieve, but the closing amount can vary.
Sellers need to grasp that the final sale price can deviate from the listing price. Agents should ensure this difference is transparent to their clients.
3. The Entire Sale Price Isn’t Just for Keeps
A frequent misconception is that the difference between the selling price and the mortgage balance equals profit. This isn’t the full picture.
For sellers: remember to account for commissions, closing costs, and other associated fees. Agents, on the other hand, should elucidate these costs to their clients upfront.
4. Don’t Bank on the First Offer
It’s not uncommon for potential buyers to back out due to financing issues.
Sellers should brace themselves for potential hitches, understanding that it might take a few prospective buyers before a sale is solidified. Agents should proactively manage expectations by informing sellers of this possibility.
Whether you’re a homeowner eyeing a sale or a real estate agent guiding potential sellers, steering clear of these pitfalls is crucial for a seamless transaction.
Looking to sell or represent a seller? We’re experienced real estate professionals eager to collaborate for a mutually beneficial outcome. Contact us at (361) 223-6198 or contact us here to initiate a conversation.