You may be thinking that selling a home can’t be that hard. I mean, all you have to do is put a sign in the yard, show the house to some people, and cash the check when they decide to buy, right? While it may seem that easy, there’s more than meets the eye when it comes to setting up a for sale by owner (FSBO) deal. Choosing to have a real estate agent help you through the home selling process can save you time, money, and frustration. Here are the top reasons why you should not for sale by owner when it comes to your property sale.
🏡 Selling a Home Takes Time
Unless you happen to be independently wealthy with tons of leisure time, you’re probably stretched to the max already when it comes to work, home, and personal commitments. Imagine adding all the leg work that comes with selling a home to your already maxed out to-do list, and I’m sure you’ll begin to see why selling your own home can be a time drain. There are appointments to set up, appraisals to oversee, and marketing strategies to research. You’ll also need to be available for doing your own open houses and scheduling all showings. When you have a real estate agent on your team, they will manage all the time-consuming things and act as a representative for you when it comes to showings and receiving offers. They also save you tons of time by knowing how to market your listing properly.
💲 Setting the Right Asking Price is Critical to Success
Even if you complete an online home valuation and get an estimate of your home’s value, you’ll still need to factor in things that you may not be aware of in the current real estate market. A real estate agent knows exactly how many homes that are like yours have sold in the area and for how much. They are experts on real estate market trends and will know how those trends impact the value of your property. Your real estate agent provides you with a comprehensive report that takes those things and any upgrades you’ve made to provide you with an accurate home value estimate. Afterward, they help you come up with an asking price (or listing price) that makes sense and appeals to potential buyers.
[su_note note_color=”#df229b” text_color=”#ffffff”]Your real estate agent is the best source of information about the local community and real estate topics. Give C4 Elite Real Estate Team a call today at 801-678-7959 to learn more about local areas, discuss selling a house, or tour available homes for sale.[/su_note]
📝 Potential Buyers Must See Your Listing
Home buyers these days are informed and tech savvy. While placing a sign in the yard and an ad in the paper may still bring in a measure of responses, you need to up the game in today’s real estate market when it comes to presenting your home listing to the buyers who are looking for a home like yours. A real estate agent has years of experience in this area and understand exactly what it takes to showcase your home in the best light. From professional photographs to social media blasts, sellers must embrace technology if they want to be competitive in today’s real estate market.
👥 Negotiations Take Skills
When an offer comes in, you have three options. You can accept the offer, decline the offer, or produce a counteroffer. Even if you have a fairly straight-forward offer come in, there may be things within the contract that require negotiations. This could be anything from what comes with the house to a request to drop your price thousands of dollars. You’ll want a real estate agent on your side that understands the negotiations process and is strong when it comes to having those skills. Negotiations are not just centered around offers. You may need to negotiate with the appraiser, inspectors, an attorney, and the agent who is representing the buyer. These are negotiations that can cost you money and hit the pause button on the sale on your home if not handled properly. Don’t take that chance when it comes to getting the best return on your investment.