Although as Exclusive Buyer Brokers we never list properties, we do occasionally find ourselves talking with potential sellers of real estate in Steamboat. Clients who have bought homes from us eventually find themselves in need of selling those very same homes. They come to us asking for a referral to an agent that we believe will serve them well in selling their home.

I recently finished teaching a Homebuying class at our local community college and had a student who was attending the class because he had a home to sell and wanted to learn more about the process. Why had he come to my class instead of talking things over with his own real estate listing agent? Well it turns out he was using a discount broker whose sole service was to list his property on the local Multiple Listing Service.  So, he didn’t have an advisor, or someone to help him through the whole process.

Before the class had ended he’d contacted me to ask my advice as to whether he should hire a full service listing agent to help him sell his property.  My advice was an unequivocal yes, given this economy.

This gentleman has a home for sale in downtown Steamboat Springs, currently listed for less than 1 Million. There are presently 41 single family homes for sale in downtown Steamboat Springs for less than 1Million. And in the past 12 months there have only been 11 sales of single family homes in downtown Steamboat in that price range. At that rate, were no more similar homes to come on the market, it would take four years to sell of the homes. This man’s home has been on the market 222 days already without a single offer coming his way.

I recommended a few different agents for him to interview – ones that were, in my opinion, experts at selling the type of property he had. They would help him price the property to where it would sell, and would market it aggressively to other realtors as well as to the general buying public.

And I reminded him: He doesn’t pay a cent to the realtor until and unless the home sells, which after all is his ultimate goal.

This entry was posted on Monday, June 1st, 2009 at 3:40 pm and is filed under Exclusive Buyer Agency & Consumer Protection, Steamboat Springs Real Estate - General Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.