Does advertising a house with 2 agents look desperate?

Essex22011

There are a couple of estate agents that have really messed us round in the past and when properties came up with them I was very reluctant to ring up and make a viewing unless I loved the property or it was an amazing deal, problem is that you sometimes need to see a house to realise its potential or fall in love. Therefore when I saw the house we are buying now on the market with 2 agents, I rang the one who hadn't messed us round and to be honest if it wasn't advertised with another agent I wouldn't of bothered to see it, I personally don't think it looks desperate

buppy

From a buyers point of view i think desperate to sell maybe be on the verge of repo or something if they dont sell. and would be more likely to make a lower offer. Also don't like not knowing if the other agent has had offers or surveys etc that i would have to be calling them as well to find out. x

makeyourdaddyproud

Jbainbridge has it spot on. You can have it on with 20 agents if you like, if
the photos are poor and/or the price is too high you will get no viewings.

No viewings = no offers = no sale
I know it's a bitter pill to swallow
but estate agents do (often) over price houses to get you on the market. Get on
right move and check other similar houses. Do you think it is priced correctly?
Really?

Depending on the area, a varied price often makes no difference to the appeal of the property. If it's the only one in area of sufficient size, having a higher price is often a good thing since you can account for a pre-emptive markdown to an 'average' price.

makeyourdaddyproud

In fact, if I was to put my house on the market in this recession, and it sold quickly with no fuss, then I would know I haven't priced it right.

Shiny_button

makeyourdaddyproud wrote: »

Depending on the area, a varied price often makes no difference to the appeal of the property. If it's the only one in area of sufficient size, having a higher price is often a good thing since you can account for a pre-emptive markdown to an 'average' price.

A fair point, depending on the property. Buts realistically most of the time it's because the seller has been convinced its worth more and they think they are losing out when they accept a lower offer.
I have seen sellers in the same market sell within a month then others waiting two years because 'the market is slow'. I wonder why some sell quickly and some take forever in the same recession?

Every house will sell if priced correctly, it's just a case of how long you are prepared to wait.

bestgym

I am planning to buy a house in USA but I don't have an idea what is market value of houses and in which city is batter to purchase, can anyone suggest me. I'll wait for your reply.

makeyourdaddyproud

I am planning to buy a house in USA but I don't have an idea what is market value of houses and in which city is batter to purchase, can anyone suggest me.
I'll wait for your reply.

I think your question would be better directed in a USA housing/realty forum and I think the economic/price/culture differences could be vast and vary from state to state.

You will also need to be clued up on state taxation, local services and whether you would fit in to the model of the area. Too many people go to other countries and return with their tails between their legs because they are unwilling to participate in the neighbourhoodly way of doing things.

Big_Zee

makeyourdaddyproud wrote: »

Yes, it does look desperate imo. This becomes obvious only when both agents advertise on RM and PL, both of which will show the property side by side. I would strongly advise against this as it signifies that you were unable to sell the property via the conventional single-agent method and it would ring alarm bells as to why.

The only advantantage to using 2 or more agents would be if each agent had 'loyal customers', who don't use the internet and whom only rely on their agents to send new properties. In this case, once the initial flurry of their customers have seen the property, you've wasted your time.

I have to disagree. When you have 2 agents a couple of things happen that can significantly increase your chances of selling the proerpty (and getting the price you want):

1/. Both agents are in competition with each other to sell your property first - this motivates them to get viewings and offers as quick as possible. If you have it on with one agent they know your not going anywhere else for a good few months so whats the rush ?

2/. When advertsing with one agent, you will find that the agent will often over inflate what they think the property will sell for just to get you on their books. After a couple of weeks with no offers they will persuade you to drop the askign price significantly so they can get the sale without putting much more work in. If you have 2 agents going against each othe this is far less likely to happen.

3/. Generally you will pay a higher commission for putting a house on with 2 agents - while this may seem like something you don't want, if you look a little deeper at the factors in play then this can actuallt work heavily in your favour. What you have to consider is that actual employee selling your house is on a % of the commission that the EA recieves. So when they are working to sell the properties under their control, which will they work hardest to sell? - Obviously the houses where they will gain the most commission.

jonny2510

Well thanks for the replies everyone. Certainly some food for thought!

It's probably worth trying with just 1 agent, and if there's no success, maybe introduce another one then...