Low priced condo new agent to list?

Profile picture for dfphoto
I'm wondering if it is wise to list with a new agent, I was an agent once and I would have really loved something like that to get my career going. The sales manager always checked everything I did and that first deal made me want it more. What do you all think.
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December 28 2010 - Dallas
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Answers (8)

That all depends, these days you have so many Real Estate Agents who really have no clue and don't want to learn, they get into this thinking it's a easy money, but hopefully he or she is not what I described. I would possibly sit down and intreview the agent and ask him or her some basic questions about listing a condo and see how they answer, you can usually tell if they have any idea what they are talking about.
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March 05 2011
Profile picture for Darrell Self
I am sure your condo has been listed quite a while back. The agent you work with needs to understand what issues there are in selling a condo. The financing end is the most difficult issue when it comes to selling a condo. If the condo is not FHA approved or a warrantable condo you will have to find a cash buyer or have someone with a credit score over 720 and 6months reserves and the buyer would have to be purchasing it to live in. Hope your home has been sold!
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March 05 2011
Profile picture for dfphoto
Hi everyone thanks for the nice replies, I haven't had great success with established agents thus far.

As I mentioned, when I was a young agent the manager of my office had to review all contracts and paperwork I created and was there to answer questions, let's face it the broker is on the hook as much as the agent.

So if anyone knows of a young agent in Dallas near uptown let me know.
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December 29 2010
Profile picture for Destin.Fl.Realtor
We were all new agents once. I was lucky enough to use my inexperience on my family members first. I learned a lot and made a few mistakes at first. Nothing major, but minor mistakes in the way things are done. If you are willing to accept that they may make mistakes I say sure. But I have to say I would be a little hesitant when dealing with such a major sale. Buying or selling any home is a large transaction. I wouldn't trust it to just anyone with $10,000 much less $100,000's. Good luck and it is a nice gesture and thought.
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December 29 2010
Profile picture for angie boggeman
I do believe that new agents are hungry and motivated.  If you decide to do so I would look for one that would be willing to co agent with someone who has experience.
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December 29 2010
Profile picture for Steve Thayer
Everyone needs to get that first deal under their belt so it is nice to consider a new agent.  However, in my experience, I would feel much better about using someone with some experience....so that I have a better feeling that the property will be listed properly, marketed properly, and that the negotiations and contracts will be done right.

If you use a new agent, make sure it is one within a reputable office and that they are getting proper supervision.mentoring!    At least that is my opinion!   Good luck.
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December 29 2010
I think you would be surprised how many "smaller" companies get listings out to more sites and hubs than even the big companies. Every agency has a link to the MLS which gives a potential buyer the opportunity to look at any property that is available. 

I personally subscribe to an abundant amount of sites and hubs to get all of my listings out to potential buyers. I also have a site that gives my customers a direct link to the MLS. I guarantee that I work just as hard to get a property sold and have as much, if not more, exposure than plenty of agents that get lost in a big company. 

With technology today its not the size of the company you work for but how hard you work, how much you know about getting your information out there and how well you price the property.

If your question is if you should get back into real estate and list your own condo then you are practically throwing money away if you can sell it yourself. If you have an agent and you just don't think that it is working and your contact is nearing an end it is always beneficial to look at your options. Speak with a few agents and see what they have to offer. We don't all pay for the same services and we aren't all the same.

Best thing to do is know what your options are and make an educated decision!
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December 29 2010
Profile picture for Central TX Expert
I'll defer to the Realtors that will likely respond to your inquiry, but would imagine that you would like to have a Realtor with at least some experience handle your listing. 

I always prefer bigger shops that can get your listing out to as many potential buyers as possible, so in that a regard, a new agent with a big firm might not be a bad idea.

Good luck to you.  Just make sure your Realtor is aware of all the potential First Time Homebuyer programs that are out there that he/she can inform prospective buyers with.  That always help when going through the sales process (ie. Bond Programs, MCC programs, FHA loans, etc.)

Good luck. 
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December 28 2010
 

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