Seller Mistakes

​Have you ever met anyone that enjoys making mistakes? Of course not! However, we do learn from making the wrong decision at times, and even if we fail to decide, that can end up being a mistake.

So, what is the answer?

Acquisition of knowledge is where the answer lies. And even then, you must question the knowledge by looking up stream, as to where the knowledge is coming from.

​My guest on the show this week was a perfect example of credible information. I looked at his background of twenty-years of working in the real estate industry, thus, it gave him the credentials of the knowledge that was compiled in a book entitled "Seller Mistakes, What You Were Never Told About Selling Your Home,

and Why it Should Matter to You."

I will have to admit, he is not your typical Real Estate Broker, in that, he spoke about issues in the industry that most will not admit.

His book references many sources that come straight from the National Association of Realtors (NAR) which was founded in 1908 with currently over 1.4 million members. He indicated that NAR is a huge lobbyist in the country nest to the U.S. Chamber of Commerce and NAR is not out for the best interest of the public, but only for those that support the organization by their annual dues. 

   As an example, we discussed the (dual agency) arrangement the realtors love because they can potentially earn twice as much in their commission. So, what is wrong with that?

Let me put it this way, would an attorney represent both husband and wife when getting a divorce? Hardly, this would be unethical let alone illegal. However, the National Association of Realtors allow for a realtor to represent both buyer and seller which amounts to a (conflict of interest). You can well imagine what kind of shenanigans may and can occur while negotiating the sell or the purchase of your home. Especially, when you consider that there are unscrupulous individuals which is par for the course in the world, we live in.

   Am I bashing this organization? Not at all, this organization will implement whatever they want to do, but this is strictly for you to make an informed decision. 

This was just one topic we discussed in this week's episode. And to mention a few more.

We talked about whether a (For Sale) sign on your front lawn is effective or not. This too I agreed with him, in that, many times this invites burglary and strangers prowling your property without an invitation. How about (Open House?) It is sufficed for me to say "make sure your medicine cabinet is secured or locked somehow.

  If you have any questions whatsoever in selling your home, without obligation, you can reach out to Michael Bell where you will find his link in the show notes. Or drop me a note with your question and I will respond with an answer.