For the most part, selling your agent owned property is just like selling anyone else’s. You take great photos, write a fantastic listing description, and give co-op agents a competitive commission and all of the extra information they need.
We are all used to protecting our clients during a transaction, but how do you protect yourself when YOU are the client?
A couple of ways come to mind.
Buy extra E&O insurance
It’s a murky area when an agent represents themselves and an E&O complaint is made. I highly recommend spending the extra $50 or so a year to protect yourself when selling your own property, especially if you’re an investor.
Hire an agent to rep you when selling agent owned property
I know, you think you can sell your house better than anyone else. But, just like your sellers, you’re probably too close to the situation to be objective about pricing and condition. If nothing else, at least pay for an appraisal so you know you’ve got the pricing right without your emotions coming into play.
The CCL agents that have recently sold their own homes have all hired someone else in the office to help them take some of the strain off of their shoulders. Let someone do for you what you do for your clients!