Signs That Your Realtor Is Negotiating the Best Price For You

by | Apr 16, 2024 | Fidelity IRA | 2 comments

Signs That Your Realtor Is Negotiating the Best Price For You




I recorded this after the realtor commission lawsuit and a comment I left on another video where there seems to be some confusion on how realtors are incentivized, and it is not always to get you the best price.

Unveil the truth behind real estate transactions where I explain the incentives for real estate agents, examining their strategies, and how they impact your buying or selling experience. This video equips you with knowledge on how to ensure your realtor is truly working in your best interest, securing the best price for your property. Be informed, be empowered, and make the right choices in your real estate endeavors.

00:00 Intro
01:15 Commission and Price Example
02:30 Incentives with Commissions are Not Always in Your Best Interest

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When it comes to buying or selling a home, one of the most important components is ensuring that you are getting the best price possible. This is where a realtor comes in – they are responsible for negotiating on your behalf and ensuring that you are getting the best deal. But how can you tell if your realtor is truly getting you the best price? Here are some ways to determine if your realtor is doing their job effectively:

1. Research the Market: A good realtor should have a solid understanding of the current market conditions in your area. They should be able to tell you what similar homes in the neighborhood have recently sold for, as well as any other relevant information that may impact the price of your home. If your realtor is not staying abreast of market trends, this could be a red flag.

2. Negotiation Skills: One of the most important roles of a realtor is to negotiate on your behalf. Your realtor should be confident and assertive in their negotiations, and be able to effectively communicate your needs and wants to the other party. If your realtor seems to be struggling in negotiations or is not able to secure the best deal for you, it may be time to reconsider your choice of realtor.

3. Transparency: Your realtor should be open and transparent with you throughout the entire buying or selling process. They should be able to explain their pricing strategy and justify their recommendations. If your realtor is not forthcoming with information or seems hesitant to share details with you, this could be a cause for concern.

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4. Communication: A good realtor should be in constant communication with you, keeping you updated on any developments and providing guidance throughout the process. If your realtor is not responsive to your inquiries or seems to be avoiding your calls and messages, this may indicate that they are not fully committed to getting you the best price.

5. Referrals and Reviews: Finally, one of the best ways to determine if your realtor is getting you the best price is to ask for referrals and read reviews from past clients. A reputable realtor should have a track record of successfully negotiating deals and ensuring that their clients get the best possible price for their home.

In conclusion, it is important to carefully assess your realtor’s performance to ensure that you are getting the best price possible. By researching the market, evaluating their negotiation skills, transparency, communication, and checking references, you can determine if your realtor is working in your best interest and helping you achieve your real estate goals. Remember, buying or selling a home is a significant financial investment, so it is crucial to work with a realtor who is dedicated to getting you the best price.

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2 Comments

  1. @hhp2788

    Thanks good example and it does make sense we must be informed or we miss out on additional income!!

  2. @zz5guy

    Excellent point!

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