How A Higher Commission Helps Sell Your Home Faster

How A Higher Commission Helps Sell Your Home Faster

Higher Commission And How It Helps Sell Your Home Faster

If you are placing your home for sale on the real estate market in Savannah and want to finish the deal as soon as possible, you are likely wondering what you can do to reach that goal. A range of tips and methods exist and promise to help you move forward without unneeded delays.

But some stand out from the rest, and offering a higher commission than average is a great way to sell your home as quickly as possible. Doing so gives your Realtor motivation to work hard and give your home the attention it needs and deserves. You will gain a range of other benefits to which you would otherwise not have access.

Attract the Top Agents

The speed at which you sell your home depends on the skill and experience of the real estate agent you use. While someone without much experience could have trouble attracting the right buyers, an agent with skill and knowledge can offer impressive results.

The top real estate agents in Savannah’s historic district are not always easy to reach because they are careful about the deals they accept. You can grab their interest and inspire them to work with you by offering an attractive commission. The ones who are great at their job and know they can deliver consistent results will be pleased that you are putting in the effort to show appreciation.

Motivate Your Agent to Close the Sale

When your objective is to complete the sales process without delays, getting your real estate agent on the same page is an important piece of the puzzle. Offering an attractive commission will give your agent’s motivation the required boost to do the trick. Wanting to get the extra money, your agent will put in even more effort to close your deal as soon as possible.

Motivate The Agents to Give Their Best Effort

With standard listings, agents can become bored with the process and treat every home the same as the rest. Falling into that trap will make it take much longer for you to get prospects and serious buyers to view your home and make a down payment.

When you tell your agent about your plans to offer an even better commission, your agent will want to put in his/her best effort at all times. Your agent will pay attention to the word choice when writing each listing and take high-quality photographs to showcase your home’s best features. These steps might seem small but will go a long way to help you get rid of your home before you know it.

Make Your Home Stand out From the Rest

Depending on the real estate market in your area, your agent probably has tons of homes to promote at any time. Unless you do something about it, your home will likely get lost in the crowd, and it could stay on the market for months as a result. You must find a way to make your home stand out from the heard if you don’t want to face that problem.

This provides your agent with another powerful reason to give your home more attention than the other listings. Your home will become your agent’s No. 1 priority if you offer a higher commission than everyone else, and the outcome might surprise you. The extra steps your agent takes to sell your home will improve your chance of earning a fast sale.

Additional Considerations

In addition to offering an enticing base commission to sell your home faster than it would otherwise, you should keep a few more tips in mind. For example, consider offering a bonus commission if your agent sells your home before a deadline. If you also want to buy a home in Savannah, offer to use the same agent for both deals if your agent performs well on the first one.

Your agent will then have another reason to put in his best effort while working on your listing and promoting it to potential buyers. When you consider the things from this section as you move forward, you can boost your home to the top of the list and enjoy the rewards of a fast sale.

Final thoughts

For many people, selling a home is a long and complicated process beset with roadblocks and challenges. The best way to improve your results and remove the stress is to offer a rewarding commission for the agents involved.  Your agent will dedicate much more time, energy and effort to your home so that you can earn the sale faster than you once thought possible.

Using the same agent when you buy a home is another way to motivate your agent to work hard and give your home priority treatment. Take the information you have learned from this guide and put it into action, and the outcome will put a smile on your face, letting you know you have made the right call.

Selling Your Home

 

 

 

 

 

 

 

 

If you are a Home Seller in America – your head must be spinning.

Explore Real Estate News About Selling Your Home

  • Selling Your Home

    Everywhere you look is someone else giving you different information on the best ways to get you home sold.  You will also come across hundreds of different AVMs also called Automated Valuation Models.  These are the computer algorithms that attempt to provide your home’s current value.  Then, of course, you have the CMA (current market analysis) of what your home is worth, which was done manually by a real estate agent.  Lets make it worse, say you have interviewed 5 Realtors to list your home for sale, each of them have most likely given you a different value on your home.

    Understanding the Bias

    When taking in all of the information about selling your home, its important to keep in mind the bias of where you are getting that information.  For instance, some real estate agents may go as far as to tell you your home is worth much more than it really is.  This is to get the listing agreement signed; when you don’t see the number of offers you expected, they then tell you that the home may be overpriced for the market.

    If you are using one of those “get your home’s value” things that are automated, its important to remember that the valuation from those types of products do not take into consideration much of the uniqueness of your home.  If you have not had many properties recently sold around your house, those algorithms will struggle getting you a true value.

    Marketing Options for Your Home

    Another area of disparity when you are selling you home is the multitude of marketing options available to you.  Depending on where you get your information, you may read that Home Staging is the #1 thing to get your home sold fast.  You may come across an article that says how much more money you can sell you home for if you were to only use professional photos.

    If you speak to one Realtor, they will tell you that they are going to blast your property listing to thousands of the top real estate websites.  Another says they are going to feature your home for sale in the local paper.  Some will tell you that they will discount the commission you pay them while others claim that listing your home at an elevated commission attracts real estate agents to show your home.

    Truth is, there is NO silver bullet in selling your home.  Let me take that back — there is a silver bullet…PRICE.  If you want to sell your home in 24 hours, price it at 1/2 of the value.  Wait…that doesn’t sound good to you?  Then we better do A LOT of things right if you want to sell your home at a decent price in a relatively short period of time.

    So What Works?

    As we stated, there is no silver bullet to sell your home.  As a general rule of thumb, we will cover some FACTS about getting your home sold.

    Below are some FACTS about selling you home.  Keep these in mind as you review all of your options.

    • Not offering a competitive commission to the buying agent will diminish agents, representing buyers, from showing your home.
    • Buyers are looking online.  Notwithstanding very rural areas, most buyers are looking online for homes for sale.
    • Professional Photos do work.  Understanding that most home buyers are shopping online first, having professional real estate photos will show your home in the best light.
    • Automated Valuations are NOT accurate.  Unless you live in a subdivision that has a lot of homes that are extremely similar, and have a lot of recent sales, most automated valuation models will not be accurate in pricing you home. A real estate agents valuation will be substantially more accurate for a final selling price.
    • Most Homes Sell Fast.  It’s important to keep in mind that the majority of homes that get listed for sale in America do not make it to an act of sale. That being said, most of the homes that DO sell, sell within the first 45 days of getting listed.  This means its important to price your home accurately at the time of listing.  The strategy of pricing high and reducing over time simply does not work.  People are generally interested in the newest listings.  Homes that have been on the market for a long time get stigmatized.  This is even more so in the age of the internet, where real estate statistics such as DOM (days on market) are easily available.
    • You NEED an agent.  Yes, we know…there is a cost to having a Realtor sell your home.  Facts show that when listing your home FSBO – you substantially reduce the reach to potential buyers.  Its important to remember that home buyers get represented by an agent for FREE.  That means that 94% of home buyers will use a real estate agent.  Understanding that, if an agent doesn’t make any commission on your home (its not listed with a agent and in the local MLS) they will do everything in their power to avoid showing your listing.  The ONLY people trying to buy a home directly from an owner is attempting to “save the commission”. If you are listing the home to “save the commission” — how can BOTH people get that benefit?  Generally, you end up with two people that are cheap – both trying to get an awesome deal.  Those types of real estate transactions simply don’t make it to closing.
    • Print Advertising is DEAD.  With such a huge number of home buyers using real estate websites to search for homes, thinking that your advertisement in the newspaper is going to generate traffic is a pipe dream.  The only person that benefits from real estate print advertising is the agent/broker.  Having themselves advertised in the local paper attempts to show that they are a mover and shaker in the local real estate market.  They are leveraging your home to get more sellers.

    More Valuable, unbiased Information for Home Sellers

    We will be publishing a series on unbiased information for home sellers, so check back soon.