If we think of selling a second-hand house, there are only 2 easy options: selling it yourself or using a real estate agent, which can be an individual, an independent real estate agent, or a real estate agent company. There are both small, large, and even multinational companies. Currently, we have many options for those who do not buy or sell houses or condos often or do not have the knowledge and time to manage this by themselves.
We believe that a real estate agent company is an option that makes your life easier. Because letting someone with knowledge and expertise in the industry handle it for you, in addition to having the opportunity to sell the house you want faster at the price you want, it also reduces the headache of dealing with buyers and banks, especially preparing a lot of documents. Especially if we are inexperienced, paying a broker fee is not that much, it is worth it.
At the very least, we must know what the agent must do for us and what the scope of their compensation will be. And always remember that in the end, we are the homeowners. Therefore, for every important contract or agreement, the agent only helps prepare everything to make our lives as easy as possible. In any case, we must be careful in protecting our interests.
Steps for selling a house through an agent
1. Evaluate the price and recommend home renovations
For sellers, a real estate agent will help evaluate the price of the house and provide advice on setting an appropriate price. He will be able to tell you how much the house should be priced for in this location and condition to sell it. In addition, the agent can also help find a contractor to renovate and renovate the house to make it look new, allowing for better profits. The condition of the house when the buyer comes to see it plays a major role in helping us sell the house for a better price. However, it also depends on your personal conditions. If you are in a hurry to sell, you need to set the price equal to or lower than the price of similar properties of similar size and condition.
However, the seller should double-check whether the selling price set by the real estate agent is reasonable by checking the prices of other properties in the nearby area. In addition, the agent should be transparent and provide information on setting the price. Do not set the price too high. And do not forget to consider the additional expenses of selling the house that we have to pay, such as various taxes, when setting the price.
2. Make a joint agreement
If you have considered and chosen a reliable real estate agent company, the first step that everyone must go through is to make an agreement between the seller and the agent, or simply put, a contract with the agent. Most professional companies or agents already have a standard contract. In addition to reading and checking all information correctly, we would like to recommend that you do not forget to look at some of the terms and conditions of the contract that we have given as examples below. Because these issues may have different details depending on the agreement. And it is quite important issues that can directly affect the sale of our house.
Look at whether in the case that the agent can arrange for the seller to sell the house or second-hand land plot to the buyer at a price higher than the initial agreement, does the seller agree to give the agent the excess amount? If the contract states that it belongs to the agent, he will get the full difference.
3. The agent does marketing to find buyers or find additional properties.
If the agent sells the house already has properties but no buyers, they will have the duty to market the house in any way they can, that is, post advertisements for houses and condos, both offline and online, or find sales channels in any way, depending on the techniques and networks of each agent. If the agent has buyers as customers but has not found properties that meet their needs, they will have the duty to find additional properties.
4. The agent shows the house.
When the buyer finds a house that they are interested in and wants to see the real thing, the agent will act as a mediator by screening the buyer’s purchasing power, the time period they want to buy, and the needs at that time. Make an appointment between the buyer and seller to see the house. The seller himself may or may not go along. In addition to facilitating the viewing of the house, a good agent will also provide advice on how to arrange the house to be in a condition suitable for viewing before making an appointment. If the buyer finds a house they like, don’t forget to inspect the condition of the building and termites as well. This is to make sure that the house doesn’t have termites building nests in areas that we can’t see or that there are no other structural problems with the house.
5. Offer and negotiate the price
Once you have chosen to buy this house, you must offer the price to the seller. The agent will act as a mediator to help negotiate the price between the buyer and seller to the satisfaction of both parties. If the price is agreed upon, the buyer can make an initial deposit of 0.025% (from the 5% deposit) to reserve the property. However, if someone offers a better price to the seller after this, the seller has the right to refuse to sell to the buyer and refund the deposit. After 5 days, the buyer must make the remaining deposit of 4.075%. After this deposit, the seller cannot refuse to sell.
6. In the case of the buyer – Apply for a loan and prepare to transfer the real estate
Once the agreement to buy and sell and the deposit have been made, the agent will help prepare the documents for the transfer of property and mortgage registration and coordinate with the bank to apply for a loan for the buyer or Full Approval. After the loan application is approved, the bank will send a loan contract for us to sign. We may have to go to the bank to sign in front of the officer with proof of identity, or some banks allow us to sign it ourselves and send the documents back. After that, the lawyers of all 3 parties, the bank, the buyer and the seller, will set a date for signing the contract. The buyer only has to prepare the money to be paid and submit it to the lawyer to handle on that day. If we use a brokerage firm to buy and sell, they will have a lawyer to take care of it for us.
7. In the case of the seller – Calculate the expenses and prepare the sales and transfer documents.
On the seller’s side, the broker also has the duty to provide services to the seller to make the sale and purchase complete, such as helping to calculate the fees and taxes to be paid from the sale or checking the sales and transfer documents of the real estate.
8. Pay the brokerage fee.
The last step after buying and selling a house through a broker is to pay the brokerage fee. Most companies charge 3% of the price. The details will be according to the contract that was agreed upon from the beginning.
Summary
For anyone who is looking for a professional broker to sell second-hand houses throughout Bangkok, we would like to recommend our team, the agents selling second-hand houses in Bangkok and new houses, taking care of both buyers and sellers with a team of professional brokers. It is not difficult to increase your chances of selling or buying a second-hand house.
Khun Kob: Tel: 081-753-4516 Line ID: 081 753 4516
Khun Kung: Tel: 092-896-1367 Line ID: 5691203
Khun May: Tel: 092-793-9263 | Line ID: grayhound999
Annicha Group: @nisarealestate
Accepting sales, finding houses, land, condos with loans: https://annichsagroup.co.th/en
“ANNICHSA GROUP, professional home sales agent, high quality, more than 10 years of experience in marketing and sales, ready to provide advice.”