Finding a Qualified Las Vegas Real Estate Agent

According to the National Association of Realtors nearly 80% of all homes sold "for sale by owner (fsbo)" in 2004 never made it through escrow to closing. Of those that did the sellers received nearly 14% less for their home by the time it sold. It is highly suggested you hire a qualified real estate agent to assist you in your home sale. Even with a typical commission of 6% (3% to the seller's agent and 3% to the buyer's agent) sellers net more if they are represented. The National Association of Realtors also reported the following:

FSBO Methods Used to Market Home:

  • Yard Sign . . . 63%
  • Friends/neighbors . . . 25%
  • Newspaper ad . . . 44%
  • Open House . . . 33%
  • Internet . . . 24%

Most Difficult Tasks for FSBO Sellers:

  • Getting the right price . . . 24%
  • Understanding paperwork . . . 22%
  • Preparing/fixing up home for sale . . . 24%
  • Attracting potential buyers . . . 10%
  • Having enough time to devote to all aspects of the sale . . . 5%

As you may see there are many reasons to hire on a Las Vegas real estate agent. Agents are trained in marketing. They subscribe to online tools and other programs that allow them to price the home right. They understand what features in a home will sell and can help you prepare the home for sale. They have access to great networks of buyers who can speed up the sale of the home. There are many other reasons to use the services of a qualified agent and pay them for their hard earned services.

To hire a Las Vegas agent call around to family and friends. Search on the internet. Call off of signs. Form a list of agents and call them. Ask them questions and determine if they are honest and up front with you. Determine if they are responsive. Determine if they will work well with you, especially under a lot of stress. Narrow down you options and then interview them. Keep in mind that cheaper isn't always better. Before you even ask what they will charge you find out what they will do for you. If they are square with you they will get to the commissions and fees on their own and they will show as many of them to you as they can (the lender will be responsible for the others).

Be aware that there are fees you will pay for the sale of your Las Vegas home. Whether you sell it yourself or not you will be paying marketing and sales expenses. When you hire an agent make sure you are aware of the fees you will be paying. Agents who are up front with you will show you estimates for every fee you will see accept for closing costs which your lender should show you. You should know more or less upfront what your fees are. Understand that if an agent is a "discount" agent you will pay less for what they call the "commission" but they will pick up fees from you elsewhere. Often it is best to hire a full service agent and pay him/her the corresponding fees.

When you sign a listing agreement you sign between an Las Vegas agent his/her brokerage and yourself. It is to your benefit that you sign with the brokerage. If something were to happen to the agent you would be protected because your home would be reassigned to another agent from the brokerage who already knows what is going on. At any stage of the sale that agent would jump in and be up to speed.

At the same time it is important to remember that if you need to fire your agent you only fire the agent. You are not firing the brokerage. You can do that as well but it is more involved. It is rare that a seller should have to fire an agent but if necessary, by all means do it. They have a responsibility to represent you and help you. If you can't contact them or if they are doing something illegal in some way contact the broker and explain the situation. Work with them to come to a solution. If firing the agent is necessary then the broker will aid you in finding the right agent.

In hiring a Las Vegas agent you will be bringing a professional onto your team who is an expert at what he does just like you may be in your field. You may get more for your home. You will share the burden of the tasks instead of managing them yourself. You are much more likely to reach your goal of selling your home so you can move on to the next stage in your life.


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