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Is Your Real Estate Agent for You…or Against You?

What we see as an incredible benefit in deciding to use Open Door Auctions to sell your house is the question, “What have you got to lose?” Seriously. The old-fashioned real estate industry is in such a dysfunctional mess, it’s not like you could make a worse choice than going with the same old agent that everyone else does. While we know our sales method will almost certainly uncover the true market value of your house and hand you a fistful of serious offers in only two weeks, if, for some odd reason, you find that it’s not for you, we’ll part as friends and you can return to that “trusty” real estate agent who will always do for you exactly what he does for everyone else – not much.

At least that’s how it appears to the frustrated seller when he’s sitting in the middle of a long-term listing agreement (usually six months to a year), which is the norm. What exactly is your agent doing for you on a day-to-day basis? Do you sometimes get the idea that he’s sitting in his office throwing pencils at the ceiling, waiting for you to call and ask for a progress report so he can lecture you again about how you don’t understand how real estate works? Eventually you stop calling and begin counting the rust flakes forming on the “for sale” sign in your front yard.

Here’s the truth from a 20+ year real estate veteran, Jason Hartman. Your real estate agent is in your corner – sort of. Yes, he’d like to sell your house but only after keeping it on the market for a while so he can use open houses and other agents’ showings to promote himself to a larger crowd of people who might eventually be in the market to buy or sell a house. So he doesn’t want yours to sell too quickly and he certainly doesn’t want to spend much time and effort beating the bushes to find a serious buyer because your property might be one of those that won’t sell any time for any price no matter how much he works at it.

Your real estate agent is not necessarily working against you. A more accurate description would be that he’s working for you but on his terms. He’s a mercenary, willing to take actions that benefit you, but only if it benefits him too. How did the real estate industry manage to arrive at such a screwy situation? We’re not sure. It’s certainly a mess and doesn’t seem to be of a mind to fix itself any time soon. If you decide to go with a traditional real estate agent to sell your house, good luck. You’re going to need it.

The Open Door Auctions Team




Flickr / greggoconnell

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