Quite often when home sellers ask an agent to give them a price estimate on their home, the expectations they have are usually higher than the price the agent is thinking. Some real estate agents, unlike valuers who are objective, may be tempted to raise their estimate price in order to get the listing.
So how does, or better still, how should a real estate agent determine the estimated sale price of your home? Real Estate agents should be familiar with recent sales of homes in your area that are similar to yours. This is the best guide an agent can use to determine what a home is worth, by looking at what buyers are paying for similar properties. Read more