New Mexico Real Estate Sellers Page 2 Questions

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Home Sellers’ Frequently Asked Questions Page 2

Question #5: Do I have to pay a commission to a Buyer’s Agent?

Answer: Your listing agreement stipulates how much total commission you will pay and whether your agent agrees to share that commission with the agent who brings the buyer to you, including buyer brokers. Some buyer’s agents work under different forms of compensation though, including hourly charges or up-front retainers. Even in these circumstances, these fees are often applied against commissions received at closing, so usually you will end up paying the same amount regardless of whether that agent is working for the buyer.

Question #6: How can I help my home sell faster?

Answer: Setting the right asking price is the single biggest factor in ensuring that your house sells quickly. Beyond that, be sure that your home is freshly cleaned and ready to be shown. Make your home available every time an agent calls to set up a showing, and be sure to leave the house to give the buyers time to linger and take in the best features of your home.

Pine Trees with Sun in Alto, New Mexico

Question #7: How can I make my home more saleable?

Answer: Ensure that your house has neutral décor in move-in condition comparable or better than the other homes that are currently on the market. Present a great first impression and a scrupulously clean interior, remove clutter and ensure that your rooms are well-lit and bright. When combined with a reasonable asking price, these factors will help your home sell itself.

Question #8: How do I know how much to ask for my home?

Answer: Setting an asking price is tricky. If you ask too much, your house won't sell, but on the other hand, if you ask too little, you are giving away money that rightfully belongs to you. See also Calculating a Competitive Listing Price. The right price depends on a lot of factors including:

Time of year
How quickly you need to sell
What other homes have sold for
How quickly homes have sold
Market Conditions
What other homes are on the market
How many buyers are currently looking in your area
The condition of your home
The curb appeal of your home
Your homes' availability for showing
The type of home

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