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Mar
10
Would it make sense to use "average time on market" to select a real estate broker to sell your house?
March 10, 2010 | 1 Comment
The easiest statistic to get about a real estate brokerage firm is how long the houses they’re selling have been listed. If I write a computer program to retrieve all the houses each broker lists, and how long each has been listed, would it make sense to use those numbers to give each broker a rating for how fast they sell houses? And would it make sense for people who want to sell their houses to use that rating to decide which broker they want to use?
Comments
1 Comment so far
I agree knowing how fast a real estate company turns over houses would be a key factor in choosing one.
Bad economy or not, some agents are better at advertising, returning calls, giving good advice to the sellers on displaying the home and they truly earn their commission. Then you have the realtors that don’t do anything out of the ordinary, other than list it and maybe put it online.
I had that issue with my house when it was up for sale. Our realtor never showed the house. She said that our house wasn’t "in her target group". What?? Because ours was $300,000 less than all of her other listings? Then we let our 2nd realtor show our house as "open house" when we were gone for the whole weekend only to come home on Sunday night to lights on, doors unlocked and our driveway gate not closed.
As a consumer, you need all of the tools you can get to pick the right person for the job, or company.