Informal Statistics – Get the Advantage
Most people typically use a real estate agent to sell their homes rather than do it by themselves. Using an agent has many benefits:
A realtor will save you time, frustration and energy.
Agents are professionals who can help you in determining an accurate sale price, give advice on how to properly prepare your home for sale and most importantly, assist when negotiating the contract.
When a house is listed on the multiple listing service, it typically sells faster than a similar house being sold privately. Selling in a timely manner is often crucial. The need to sell is often closely tied to the timing of a new home purchase. The seller may need to use the funds arising out of the sale to complete the purchase transaction.
Hiring a realtor to sell your home means paying a commission based on the sale price – but in the end, we view this as a wise investment. With a realtor’s help, you can usually obtain a better price for your property than you could on your own, sell it sooner and reduce the potential for legal problems.
Realtors can advertise quickly and effectively through an established network of professionals using various kinds of media, thereby increasing the odds that your home sells sooner rather than later.
Realtors can efficiently schedule showings. It is fairly common for a house to be shown many times over the course of a weekend or be featured in “open house” or local, real estate channel advertisements. This gives you a market edge.
Realtors use a brightly colored sign in your front yard to attract drive-by traffic and generate conversation by word of mouth. As more people see your home, chances are good you will receive more offers to choose from. This, in turn, will likely increase the possibility of receiving more money for your home.
Consider that most people working on their own do not negotiate well. As much as we may all like to think that we can “drive a hard bargain,” the truth of the matter is most people need help drafting legal documents. Most people need help negotiating essential terms in a contract, such as price or conditions.
We have seen clients sell their homes privately and miss important details in the contract or fail to complete the legal documents properly. Such errors can be costly.
Most people have busy lives. Using a realtor will allow you to deal with other, more important things in your life that need to get done every day. Obviously, it can be difficult to show your home when you work full time, are distracted with obligations, have appointments to keep and family matters to handle.
Selling a home can often be an emotional event in your life. Where many memories exist in a home or if the sellers are elderly, there is a potential for clouded judgment and poor decision making. Having a realtor, especially in these circumstances, will help protect your investment and is therefore highly recommended.