Are You Contactable 24 Hours a Day?

Private sellers much like real estate agents need to be contactable by telephone 24 hours a day during the marketing campaign for their property. If a private seller neglects to answer a telephone enquiry from a potential buyer or does not return an enquiry message then often that lead will forget about the property.

If you have ever seen a good real estate agent working you will notice they are always on the telephone. This is because there business is about creating and generating leads. Every new enquiry an agent receives could be a buyer for not only the property the person is enquiring about but perhaps another property the agent has listed.

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Auction – Under quoting

Auction under quoting by real estate agents which involves estimating a selling price well under the market value of the property in the lead up to an auction has been a problem in Australia for many years. A recent investigation by the NSW Office of Fair Trading revealed prominent Sydney real estate agents were guilty of this and last weekend 11 Sydney agencies were fined as a result of the auction price of a property being greater than 20% of the minimum estimated selling price quoted to a potential purchaser.

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