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1) Discuss with your
Agent why you are selling - If you understand your motives and clearly state
them to your agent, you will better his ability to negotiate with a buyer who
may have similar needs.
2) Prepare your home for the buyer - Your Agent can help you to maximize the
strengths of your property and fix up its weaknesses. If he is a true
professional, he will have a list of quality painters, carpenters, plumbers,
etc. that have met the criteria of time tested and suggest at least 3 for each
service needed.
3) Find a good real estate agent that understands your needs - Your agent
should be loyal to you, yet understanding of the buyers trepidations and
anxiety. This means he should be assertive and honest with both you and the
buyer.
4) Setting the Price - Several factors will contribute to
your final decision. First, your agent will compare your home to others
that are on the market and those that have recently sold. This is called a
CMA. The number of homes similar in architectural style to yours, i.e.
colonial, ranch, split, etc., when you are selling affects your asking price.
Less on the market means a higher asking price and more means you must be
competitive and price either the same or lower depending on need.
5) Your Agent represents you, the seller and has fiduciary obligation to get
you the highest price for your home which may not be what you want or need.
The professional Agent who has negotiating skills, which is only acquired
through time spent in the industry, will help you understand the meaning of
market value. When the offer comes and you hear it, both you and the
buyer are attempting to get to a value that is satisfactory to you both.
The true negotiator is able to move both parties to a point through the
offer and counter offers until ultimately market value is achieved.
Finding the Right Agent
to Implement your Plan of Action
Lex Realty - Long Island's Oldest Real Estate Office
Serving Syosset, Woodbury, Jericho, Bethpage, Plainview, Muttontown, Laurel Hollow, the Brookvilles, Oyster Bay, Oyster Bay Cove and all of the New York Area Real Estate Communities
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