SELLERS TOOLBOX -
Frequently Asked Questions
Answers to your the most
common seller-related questions.
SELLERS
Does the sponsoring agent work with
sellers?
How much is my home
is worth?
How is the
listing or asking price determined?
How much do you
charge to sell a home?
What the heck is a
sales "co-op"?
What are
"discounted" or "limited services"?
Are there any
up-front or hidden fees to sell my home?
Who will show
your home to prospective buyers?
GENERAL INFO
How are real estate
agents compensated?
Is your real estate
agent a Realtor?
Where can I get a
home mortgage loan?
If I call or
e-mail you, will I be pressured?
Who can I call
with questions?
I want to talk
to a Denver area Real Estate Agent / Realtor
Does
the sponsoring agent work with sellers?
Our sponsoring agent provides limited
& full-service
brokerage services for sellers. If you demand
more than just a sign in your
front yard, call 303-520-3179.
How much
is my home is worth?
Our sponsoring agent can prepare a
FREE
comprehensive Comparative Market Analysis (CMA) using the same
property data as appraisers. This analysis will assist you in determining the correct
price for your home based on current market conditions such as the
competition of similar homes in your community.
Our sponsoring agent will also conduct a
thorough review of home sales for the past year or so to compare market
times and selling prices.
How is the
listing or asking price determined?
Sellers are in total control of setting the listing price.
Your real estate agent is responsible to researching the
neighborhood comparable sales and evaluating the current
local real estate market to determine
and suggest a fair asking price. If the seller doesn't agree, then
we'll usually map out a multi-phased price reduction timeline that will
eventually sell the home. The Denver market has been on such an uptick during the past seven + years, so even if the comps show a value
of say $500,000, if there's enough interest, the final sales price can
end up being significantly higher! I have strategies to ensure you never
risk leaving money on the table.
How much does a real estate agent charge to
sell a home?
Brokerage listing commission rates vary
from brokerage firm and agent to agent and can range based on a number of
factors. Commissions are not set in stone and are negotiable depending on the
specific level of marketing services an agent will provide and whether you
are purchasing a replacement property. Our sponsoring
agent understands how important it is to keep as much of your equity
and is willing to earn your business while creating value for their
professional services.
What the heck is a sales
"co-op"?
The term "co-op" means the fee or percentage of the sale of a home that is
offered as compensation to the cooperating real estate brokerage firm who helps
sell your house. For example, the listing agent (the agent who is selling your house)
offers a % of sales commission to the cooperating brokerage firm who
can successfully bring a buyer to close on your home.
What are
"discounted" or "limited services"?
The term "discounted" or
"limited service" can range from hiring an agent to put your home in the
MLS and nothing more. Some agents will only market your home
independently by placing a sign in the front yard with no additional
exposure. You really need to interview an agent face-to-face to
fully understand what the fee structures are and what is included. In today's
ultra-competitive real estate market, you need an full-time experienced
Realtor who is willing to offer full brokerage services at the best
possible rate so it's a win-win relationship. Our sponsoring agent believes
everyone
deserves Nordstrom-level service.
While sales commissions are negotiable, work work ethics should not be.
Are there any
up-front or hidden fees to sell
my home?
For better or worse, real
estate agents are not paid unless they successfully get to closing. This
is great for the seller, because (unless otherwise negotiated in
writing) you are not obligated to pay your Realtor for any of their
time, materials or advertising expenses unless they sell your home.
Having said that, until you are 100% certain that all of the fees have
been disclosed to you IN WRITING, you should never sign any documents
with any agent or firm.
Who will
show your home to prospective buyers?
Most real estate agents cooperate with other real
estate professionals. Agents from RE/MAX, Sotheby's International
Realty, Kentwood Real Estate, Compass, eXP, Porchlight, Coldwell Banker,
Keller Williams and many other independent real estate companies and
other offices frequently show and
sell sell each other's listings ("co-op"
is explained above). In some rare cases, the listing agent may be asked
to show the property to a prospective buyer, but you will always be
informed ahead of time. ShowingTime will coordinate the showings and
we will request
feedback from the buyer and their agents immediately afterwards.
If I call or e-mail the sponsoring real estate
agent, will I be pressured?
You have our assurance that
the sponsoring real estate agent/broker will never pressure or obligate you to do
anything. This website is solely intended to provide real estate advice. Our Sponsoring Realtor
(Anthony Rael) subscribes to a strict code of ethics.
Who can I
call with questions?
When it comes to real estate (or life in general)
you should never hold back any questions. Real Estate Agents are not here to judge anyone -
we're here to help consumers understand the various aspects of a real
estate transaction and make them feel comfortable with the process. Since
buying & selling a home involves one of the biggest financial investments
you will ever make, it's absolutely essential that you feel comfortable
asking anything. If you ever have questions or just want to
educate yourself on how all of this works,
contact our sponsoring agent
and schedule a quick zoom meeting or face-to-face appointment over
coffee.
THINKING OF BUYING A HOME?
Read our Buyers Frequently Asked Questions
Does the sponsoring
agent work with buyers?
How much does it cost
to help me find a home?
How much does it cost to
buy a home?
I would like to
preview a home for sale, who can I call?
Can you help me buy a new
home from a builder?
Where can I
get advice on buying a home?
