Why You Need an Estate Agent When Selling Your Home
The choice to sell a home is an important step in everyone’s life. Whatever your reason, there is no denying that selling a home is a very important decision that requires choices and time and energy commitments that should not be undervalued.
While some people use online agents now, it helps enormously to choose someone local, thus in Cardiff you’d choose a Cardiff-based estate agent or in Wandsworth, you’d be better to choose experienced Wandsworth estate agents to sell your home. Someone who knows your area can be a massive help, both in terms of accurate valuations and in terms of their local knowledge.
To sell a home using a real estate agency, it is important to know the process and the documents required to complete it. Sometimes people don’t put too much trust in real estate agencies because of previous experiences or bad reviews. To protect yourself from any risk, it is essential to sign a contract with the real estate brokerage agency, defining and deepening all the details.
It is a good idea to understand if you are working with a reliable real estate agency and with an agent who has the qualifications to practice the profession.
Provide All the Information Related to the Current State of the Property
When selling a house, the required documents are different. Some of these documents are the contract, the plan, and the cadastral paperwork. These documents will be required during the process and will ensure that everything is in order with the property. The most important information to provide is the state of the property:
- Is it occupied by the seller, under construction, or has it been leased?
- compliance with building and town planning regulations.
- possession of the certificate of viability.
- constraints on the property: free of registrations, detrimental transcripts, or active easements; amount of condominium expenses.
- existence of legal disputes of any kind.
Providing as much information as possible is the correct way to get the parties to perform in the best way.
Duration of the Agreement, Renewal, and Possibility of Withdrawal
Within the contract, it is necessary to establish the expiration date of the assignment to the real estate agent. When entrusting the assignment, particular attention must be paid to the automatic renewal clause of the contract, and if you do not want to activate it, it is advisable to do so before the deadline.
The withdrawal from the assignment usually takes place in two ways: the seller can withdraw within fourteen days of signing the assignment, and the agent in turn can withdraw from the assignment by giving written notice to the seller.
Selling Price and Compensation
During the negotiation with the agency, the sale price of the property on the market must be established. Real estate agents usually charge commissions both on a fixed basis and as a percentage of the property value. An experienced agent will need all available data to provide an adequate valuation and establish a price in line with the market. A standard real estate agency usually requires payment from the seller and the buyer, while others only require payment from the person who hires them.
Methods of Execution of the Assignment and Purchase Proposal
A fundamental step is the assignment of the exclusive sales assignment by the seller to the agent. By giving the assignment with an exclusivity clause, the seller undertakes not to assign mediation assignments to other real estate agencies or third parties, nor to sell the property without the mediation of the agent for a certain time. If there is no exclusivity to the assignment, the seller must communicate the names of other brokers and the relative acceptance of a purchase proposal by potential buyers. There are penalties to be taken into consideration if the customer wishes to withdraw from the contract before its natural expiration date. Each real estate agent establishes different penalties, and before signing the contract, it is good to examine them carefully.
When these strategies are combined with all the necessary information and paperwork, every potential buyer will see that you are serious and that the home is worth investing in.
Finally, you must remember that when it comes to selling a home in a short time, three things must be considered: cleaning the place, staging it, and investing in a professional marketing team or real estate agent. That way you will ensure fast and smooth sales, making sure that all parties are satisfied.