Posted on Tuesday, August 07, 2012
We used to say at work if it does not look good going in it never gets better. A real estate listing contract between an owner and a broker may just not work out – as we all know. It may be wrong for the owner. It may be wrong for the broker. So how do you avoid issues in the first place?
Florida Realtor just put out a nice piece on this today and I would encourage you (owner or broker’s agent) to have a look. http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=3&id=279420.
In our own experience as Realtors problems are best avoided by setting the right expectations up front. This is hard to do especially in the thrill of a sales call. Here are some of my favorite things to focus on as an owner and as a Realtor:
For owners make sure you know why you are hiring this realtor. What makes them better than the others? Do you feel comfortable with them? Do you think their price is about right and have they explained it to you? Do you agree with any repairs or modifications they suggest? Do you know all their costs? Have you asked for references? Is the realtor fairly responsive and easy to work with?
For Realtors have you let the owner know a realistic price range based comparables? Have you let them know the owner may need to make price reductions based on market experience? Do the owners agree to any clean up, modifications or decorating? Are the owners fairly responsive and easy to work with?
These are just a starting list of questions. The bottom line is due your homework Realtors and Owners to minimize issues down the line. Can you avoid issues completely? No, but some up front work by both parties might help a lot.
What are your thoughts?
No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
Some of the data relating to real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA REALTOR Coldwell Banker 5th Avenue South Mobile: 239.595.3921 Email: firstname.lastname@example.org NaplesBestAddresses.com Facebook: NaplesBestAddresses Twitter @mcgoebel Naples Best Address – Where The Best Address in Naples Real Estate Is Yours