Selling Your House: How Many Estate Agents Do You Need?
A few years back we decided to sell our house and move on to a new area.
One of the first things we did was put a signboard on our window with our telephone number on it so that anyone interested could call us and we could show them the house.
The result was terrible. Estate agents kept on calling saying that they had clients for our house. First you think ‘hey, that is pretty cool’ so the estate agents came to our house by the dozen taking photos and measuring the rooms. We thought we had the house sold.
Months passed and every week one or two newly established estate agents would come to our house and do the same thing. What was funny is that none of them ever came with any clients.
So we thought that maybe the house was too expensive, so we dropped the price and actually spent our time and money calling all these Agents telling them about the price change.
Then we did get clients through them, but I will never understand why we got the same clients through various Estate Agents. If they had already seen the house then why come with another Agent to see it again?
Well it seems this is pretty the norm. They see the house with one and then visit another because they know the Estate Agents usually have the same houses for sale and see it again and try to renegotiate the price.
Why do Estate Agents allow this? Every time we negotiated the price because the Estate Agent said that someone who saw our house wanted to buy it, instead of selling it, we would see the same clients with another Estate Agent. So all that was happening is that we were negotiating with one Agent the price that had already been negotiated with another Agent and they were from different companies.
My advice to anyone selling their house is find an established agent and stick to him. Putting the house for sale in a lot of agents will only gave us headaches and if you do sell the house be prepared to sell it for much less than what you initially asked for.