Almost every time someone invites me to their home to talk about putting it on the market, they say they have a “friend in real estate” they are considering hiring as their listing agent. It’s not surprising; with 13,160 members of the Austin Board of Realtors everyone knows several Realtors. In fact, if you don’t have any friends in real estate, I’d be worried you didn’t have any friends.
As one of my friends says it’s called Show Business not Show Friends for a reason. Here are a few ways hiring your friend to sell your largest financial asset can cost you big money.
Understanding The Contract
Would you believe the average real estate agent may only sell 2-3 homes per year? This is why before you hire any agent you should ask how many homes…