What happens once you call a realtor to list your house for sale?

Question

I know they have to come to your house and take pictures but can someone give me some detailed information about the first meeting? We have an appointment set up for a guy to come tomorrow and I am just curious as to what to expect. And who sets the asking price? Do we or does the realtor reccommmed what to ask for the house?
Thanks for any & all information you can give me!

Answer 1

Ok, things can happen in a variety of ways really. It all depends on the Realtor you meet with. Usually the first meeting goes as follows:
1) They inspect the house and see what you are working with so they can get an idea of what you can get for the house.
2) You sit down with them and discuss things like asking price. They usually ask you first what price YOU would like to get for the house and they tell you what THEY think you could get for it.
3) Then they might make suggestions as to what you could improve/change in the house to either up the selling price or to just move the house more quickly.
4) Next, he/she might make suggestions for open house times for people interested to come view the house.
Hope this helps! Good luck selling!!

Answer 2

Prepare your home tiddy it up. Welcome the realtor in and give them a tour don't spend a lot of time but walk them thru the house it will give them a feel for you and the condition of the home. Also walk around the outside. Then invite them to have a seat at the kitchen table. Ask for Suggestions as to set up curb apeal if you've missed anything in or out of the home. So the realtor doesn't have to play the guessing game say up front we were thinking something like from the Upper $ 80's to low $ 90's. Or do you have a better idea. Since this is probably your biggest investment might be good to ask them to leave the paperwork for you to look over and that you'll get back with them in the Morning after you've slept on it. After the Realtor has left you and your better half can discuss if you still like this person and there attitude towards you and your home and what you want to do about price. Remember your the owner and have the final say yet the realtor may have a better idea so keep an open mind.

After you list with someone Fill out all the disclosures See that the for sale sign is very visable let the agent know that the home is available to show anytime just please call to let you know that someone is on the way. Give them the key. Be gone while the showing is taken place ususally allow appx 1 hour+- depending on how big your home is. Live in the home try keeping it tiddy the best you can but try to always let the agents come when they have a buyer.

Good luck!

Answer 3

You can expect to 'interview' the agent, as if you are hiring an employee, which you actually are doing, in a way. Feel free to ask about how the home will be marketed, open houses, and other items related to procuring a buyer as quickly as possible.

The realtor may also offer you suggestions as to how to 'stage' the house to make it appear as attractive to potential buyers as possible.

As well, your realtor will probably recommend a selling price, based upon information he/she has from the MLS from recent sales of other similar properties in the area. The final choice of listing price is yours. If you are totally out of line, the realtor may well tell you so and possibly refuse to take the listing if he sees no chance at a buyer at your requested price.

Feel free to ask as many questions as you want. There are no dumb questions. Only dumb answers.

Answer 4

Great timing as I will be going to a home today as a long term broker.

I visited the home yesterday, taking photo's, looking at the home from both the interior and exterior and today today I will return armed with sales comps.

The sellers have asked for me to determine market value.

Besides myself they will interview other brokers.

Today's meeting will foucus on really what the home market value is.

I will give them a an opinion of value and we will discuss the many options about the current market, timing, competition, a two story home vs a sgl level home, the amount of foreclosures and timing for sale.

In this case, the sellers have told me they would like to get a value in the $400,000 plus range.

Desire and realty sometimes is to different things and as a broker it is important to have a open conversation on not overpricing.

In a normal market, the comps do support a value in the $430,000 +- range.

In this case my suggestion with the current market, I will suggest $399 to $410 as being realistic.

I hope this gives you some ideas for todays meeting.

Another key factor beyond price is the experience of the agent and you may want the agent to produce actual sold activity for the past year. The more units sold the better.

Answer 5

This is your potential realtor's opportunity to "sell" himself, his services and his agency to you. He should bring a portfolio with information about his agency, what he will do to market the house, samples of his advertising, etc., etc.. He should have a Comparative Market Analysis of active and sold properties similar to your home.

Ask questions about how your property will be marketed. It is a changing marketplace, and you want to make sure your home is where the buyers are. Which websites will he put your home on? Does he hold open houses? If so, does he hold them, or does an assistant or junior realtor do it?

Feel free to ask questions about what you can expect.

The Realtor will recommend an asking price, but inevitably you set the asking price.

Answer 6

The realtor should provide you with a Competive Market Analysis... it will show the three most recent home sales in your neighborhood, and then will account for the differences in your home from these sales. This will help you get an accurate idea of what your home will sell for.

You should ask for some references, recent ones, so that you know what kind of person you have.

I strongly recommend going down to the book store and pick up a couple of books about selling your home. Selling your home is one of the biggest transactions you'll probably make in your life... its worth $30 to buy a couple of books.

Answer 7

the two the present proprietors proceed to honor their word and pay month-to-month or they enable the abode bypass to foreclosure.The financial enterprise will for beneficial sell the foreclosure for some value and the old proprietor could have that on their checklist and a minimum of a huge tax difficulty with the IRS for the loss the lender took or possibly a judgment and garnishment of wages in some states for the banks loss.