Using 2 Or More Agents
Sack the agent at anytime
Using 2 or more agents doesn't seem like a bad idea in the sense that you can sack any real estate agent, at any time, if you are not happy with them.
Two main problems:
The main problems with using 2 or more real estate agents are:-
1. You will reduce the chance of achieving the highest sale price
The reason an open listing can ultimately affect the sale price you receive is because, as in the Multilisting method, a buyer can now choose which agent they use to inspect your property.(and they will always choose the one that they think will secure them the property at the lowest possible price and let's face it, as a buyer, wouldn't you)
Because an agent knows that other agents also have access to your property they feel the need to "lure" the buyer to use them, and now the agent is under pressure to perform, but not for you the seller, for the buyer.
Serious buyers will notice that you are listed with numerous agents. They will investigate with all the agent's, one by one, their thoughts on a possible sale price and they will always choose the one that will save them the most money on the purchase.
2. The agents will almost certainly make little or no effort to sell your home
The reason for lack of effort when you have a number of agents selling for you is that the agents will tend to focus more on selling the properties they hold as exclusive listings as it guarantees they will get paid. With an open listing if you are not the selling agent you do not get paid a cent.
Essentially using more than 1 agent does not create competition between agents as you would believe. The seller is the loser in the cash department. Open listing may sound appealing but there are consequences that you will need to look out for so do your homework and choose wisely.
We make it simple to "manage" your agent
What we do… Think of us as you would of anti-virus software you install on your computer to detect and eliminate a virus before it causes damage. We help home sellers to detect and eliminate issues which are typically caused when agents, who have their own agenda, give poor or misleading advice.
To avoid a virus or to eliminate one... CONTACT US >
“…they know the Real Estate Business backwards...” Barry- Abbotsbury NSW
"... your advice and guidance has proven to be priceless". Steve- Castle Hill NSW
About to interview agents
Tread carefully, a common misconception out there is that all agents are the same and they all do the same thing so it really doesn’t matter who we use and this couldn’t be further from the truth. The choice of agent will determine how smoothly things will run, how long you are on the market for and most importantly how much you end up with in your pocket at the end of the day. Not sure if the agent is the right one, ask us and we will tell you!
"... it was your list of questions that was 100% responsible for enabling me..." "...I loved this "interviewing process". Kerri- Nundah QLD