10 Things Your Realtor May Not Tell You
1) Your condo isn’t available for financing. Falls outside the perimeters on what mortgage companies will loan. This is a problem for non-condo specific agents sometimes. Could be a HUGE waste of time to find a buyer, only to find out no one will lend on it after you’ve had it under contract, and off the market for 2 months.
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2) If your Realtor sells you a Philadelphia condo, and he is not happy with the commish $$ being paid, he may ask you (you being a buyer) to help compensate him. Total BS if you ask me. Once saw a co-op agent do this- I thought he was moron for asking his buyer to do such a thing.
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3) YOU choose your mortgage, title, and your home inspector. Sure, I kinda’ push people to the vendors I trust- but in the end, it is your call. No Realtor should ever dictate which providers you MUST use during the deal.
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4) Your condo could actually sell for a lot more if you did some minimal work- like decluttering, cleaning, shopping at say Ikea for some groovy wall art, hiding your family photos, and spending about $1000 to get your condo ready for the market. Basic home selling 101 stuff -which is easy to do. And I can and will help. Call me if you want me to see and make suggestions.
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5) Open Houses aren’t really to sell your condo- they are for the Realtor to pick up new buyers. Almost always.
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6) They may cut the commissions on the sale of your condo IF you buy another home from them.
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7) Print advertising probably won’t sell your Center City condo- But a video, professional photography, and good social marketing may go a lot farther these days.
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8) The condo is inside a building with a really sh*tty reputation- and those units have a very difficult time selling. Or, the condo you want to buy has been on the market in excess of 1243 days. That might suck for you….
Ask, Ask, Ask!
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9) The Tax Abatement is set to expire at the end of the year, which may (or may not) heavily impact your monthly costs.
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10) Huge Upcoming Assessments are just around the corner- This one is hard to quantify- A good condo Realtor in town should know by the history of the building….NOT always, but should have an inkling or insight.
