Tuesday, April 12, 2022 / by Raj Jaggi
Working with a real estate agent is more important than ever in today's fast-paced real estate market. They have the knowledge, experience, and competence necessary to negotiate the complex and time-consuming process of selling a home. That could explain why the number of people who advertise their homes for sale on their own, sometimes known as FSBO or For Sale By Owner, has dropped to its lowest level since 1985 (see graph below):
Even in today's hot market, there are five reasons why selling with a real estate expert makes more sense:
“. . .?nearly two-in-five potential homebuyers would consider purchasing a home requiring renovations.”?
An expert can assist you in determining what you need to do. It's not generic advice from the internet; they are ideas tailored to your home and neighborhood.
“Only licensed real estate agents can list homes on the MLS, which is a one-stop online shop of sorts for getting a house seen by thousands of agents and home buyers. . . . This is certainly one of many good reasons why the majority of home sellers decide to employ the services of a listing agent rather than going it alone.”
Your buyer pool will be limited if you don't have access to these resources. And you want as many buyers as possible to see your home because buyer competition might push up your final sales price.
“One of the biggest risks of FSBO is not having the experience or expertise to navigate all of the legal and regulatory requirements that come with selling a home.”
A real estate specialist understands exactly what needs to be done, what all of the paperwork entails, and how to get it done quickly. They'll assist you in reviewing the paperwork and avoiding any costly mistakes you might make if you try to handle them on your own.
- The buyer who is looking for the best price.
- The buyer's agent will represent the buyer with their knowledge and expertise.
- The buyer's inspection company will nearly always uncover issues with the house.
- The appraiser is a professional who determines the worth of a property in order to safeguard the lender.
“. . . There is no easy or universal way to determine market value for real estate.”
Professional real estate agents understand how to price your home accurately and competitively. They do this by comparing your home to recently sold homes in your region and taking into account its present condition. These considerations are critical in ensuring that it is priced to sell quickly while yet obtaining the best potential ultimate sale price.