Why do estate agents offer free property valuation with their listings? The simple answer is they don’t. They may have some basic information about the home’s condition, such as how many baths it has and whether it has key intact. However, they don’t include any research into the market value of the property. So if the property doesn’t meet the agents’ minimum required market value, they won’t offer any commission.
How can a real estate agent not know what the property is worth
Now you’re probably wondering, “How can a real estate agent not know what the property is worth?” This is a typical response from someone who hasn’t shopped or sold a house in a few years. While real estate prices have been going up steadily for the last three years, the average agent is not likely to have much recent information on market values. Most agents are still in the traditional business and aren’t very familiar with the current trends. Therefore they don’t offer free property values with their listings.
It’s a good idea to have a realistic idea of the property’s value before you list it for sale. But even if you know the market value, you should still shop around. A few factors will help you determine the value of your home. Home value estimates are offered by local Realtors and can be obtained online.
Gather the data and organize
Many agents don’t offer this information because it takes time to gather the data and organize it. Agents are often busy with other clients and may not want to focus on finding the best possible deal for you. Another reason may be that they have limited advertising budgets. If you decide to list the property with an agent and they offer a price that is higher than the other Realtors, it may reflect a competitive spirit within the firm or among the agencies. Realtors know the market value and can offer you a fair price.
Interested buyer to visit
One reason why agents offer free property values is so they can get you and interested buyer to visit the home. After all, the price should be based on what the buyer will pay for the home. Buyers are going to make offers based on what they can afford. By telling the potential buyer about the property and what it is worth, you can increase the chances of a purchase.
You may think that the value is great, but wait until you find out what repairs and upgrades are going to cost you. Some buyers are willing to pay more because they have a specific plan for where the money should go. Other buyers will offer to pay a little more, but they expect that there will be repairs to be made and that the home should be livable. It’s all about knowing what your budget is and matching it with what the home is really worth.
If you live in the Orlando area, you can use the Internet to find the value of your home. This can help you with your financial planning because you will know if you should offer free property values or not. If you’re not sure what the value of your house would be, then you might want to wait to buy.
Why do estate agents offer free property values? Because they know that if they don’t, they are not going to make any sales. When people see a home that they are seriously interested in, they will usually ask about it at an open house. If they are offered a certain price without knowing the value, they are more likely to make an offer based on the value.