4 Mistakes You Should Avoid When Listing with an Agent in Philadelphia

Mistakes You Should Avoid When Listing When An Agent

When Listing with an Agent

Selling your Philadelphia house through an agent? Ensure you read this blog post that reveals four mistakes you should avoid when listing with an agent in Philadelphia… If you’re looking to sell your Philadelphia house, or if you’re an agent who is selling homes in Philadelphia, then here are four mistakes you should avoid when listing with an agent in Philadelphia

First, Don’t Assume That You Can Sell Right Away.

Depending on several factors, the market varies and can shift from one day to the next. Set realistic timelines for how long it will take to sell. Most people want to shoot anywhere between a month and three months. Be prepared in case it takes longer. Many heavy factors will weigh the amount of time it takes to make a settlement happen. You have to remember there will be competition in your city section. Indeed, areas of Philadelphia have quicker turnaround times on the market than others. It will also depend on how much work your home may need. If your home is fixed up with minor problems, it will save you the time it will take for a potential buyer to make an offer on your home. If your home requires a lot of work, you may want to look into cheap ways to replace things.

If you are an agent, assume it will take months for the sales process to be completed – from fixing the house to showing buyers to negotiating to set a closing date to moving out. If you are an agent, be careful not to over-promise a timeline to your sellers – set their expectations.

Second, Don’t Assume That The Asking Price Will Be The Selling Price.

Mistakes you should avoid when listing with an agent

The asking price is the starting point in the sales process – it establishes what a seller wants to sell for.

If you are a seller, realize that the selling price might differ from the asking price. If you are an agent, you should explain this to your seller.

Your real estate agent can pull comparable numbers in your intermediate area. There are usually 60 or more houses in Philadelphia on each street since then. You only will have to pull sold properties for the past 180 days within a tenth of a mile to help you confirm a reasonable starting price. You want to stay as close to 6 months because your area constantly changes every six months. It typically increases in value depending on what other homes are selling at.

When they pull comparable homes in your area, an agent will look for homes that are duplicate square footage, bedrooms, and baths. They will also focus heavily on exceptional amenities like having a finished basement compared to a nonfinished basement. Do you have off-street parking? Finding a home in your area that has recently sold similar to yours will give you the best number your home will sell.

Third, Don’t Assume All The Money Goes Right Into Your Pocket.

Some assume the selling price (minus anything they owe on their mortgage) is pure profit. But this is not true. If you are looking for how much it costs to sell your home. Then you need to know there is a fair share of the cost a seller will be responsible for.

If you are a seller, ensure that there will be agent commissions, closing costs, and other fees you must pay. If you are a real estate agent, explain to your customers. Typically this total amount will add up to about 10% of the total sales price. Make sure you know this before signing any contracts to sell your home.

Fourth, Don’t Assume That The First Offer Will Go Through.

Buyers often make offers and then discover that they can’t get financing.

If you are a seller, be prepared to have one or two buyers fall through before a buyer can be found. If you are a real estate agent, prepare your sellers by explaining this to be ready in case it happens. There are always ways for a seller and agent to prevent this. Many agents will ask for proof of funds with a sizable earnest money deposit. It will help the agent identify if the buyer can purchase your home. They are weaning out the weak not so serious home buyers.


Whether you’re a property owner looking to sell or a real estate agent representing sellers, these are four common mistakes that can happen during the sales process – so make sure you’re aware of them. You can make options to help alleviate any stress and avoid all four of these mistakes. If you are looking for who the cash buyers are in Philadelphia? Then you can quickly contact us to receive an all-cash offer on your home. {4 Mistakes You Should Avoid When Listing with an Agent in Philadelphia}

We’re real estate professionals who would love to connect with you and see how we can work together for a win/win scenario. The Better Business Bureau accredits our company with an A+ rating!

Call our office at 215-359-6090 or click here now and get in touch by filling out the form.

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