The Best 6 Reasons To Certainly Not Do It On Your Own and Use A Qualified Real Estate Representative
Posted by: admin on
May 31st, 2009 |
Filed under: Uncategorized
Everyone has a brother-in-law that will tell you in a heartbeat that it’s a cinch to sell a house. “Save thousands of dollars” is the only thing some people see and are blind to the rest. Be careful going after that easy money; it’s rarely easy.
Anyone can sell a home but to sell a home without making expensive mistakes (and they can be very expensive), takes a real knowledge of real estate.
Don’t fall into the trap thinking that you can learn what a real estate agent knows in a few hours and Google. It just won’t happen. The piece of mind you get with the skills and knowledge an experienced realtor has is worth quite a bit in the long run.
I have compiled our version of the top 6 reasons to contract with a agency to sell your home:
1) Price:
In in the majority of real estate surveys, the biggest For Sale By Owner (or FSBOs as they’re called) concern is determining the selling price. If the price of your house is high based on the area, your home could sit for quite a while. Too low, you don’t get your home’s true value. If you hit the right price for your area, you get the best mix of money and time.
2) Price:
Realtors, having sophisticated software, access to Local Property Sale data and Special Sauce (working knowledge of the local market); generate a CMA (Comparative Market Analysis) for your home. Realtors have the expertise, knowledge, and tools to get the most money in the shortest amount of time when selling your home.
3) Price:
Dont’t Forget About the Value of Time: It will cost approximately 1% of the sales price each month you hold on to your home. Don’t overlook that. Realtors can get your home sold in the quickest time for the best price. If you do overlook that, it can cost you that 1% per month.
4) Marketing:
Charlotte NC Real Estate Agencies have access to the MLS (Multiple Listing Service). This service sends regular area listings to licensed Agents. Their business is to sell your home. Generally if you can even get MLS, it can be costly for the DIY’er. (In Charlotte NC, “MLS Only” Companies typically charge somewhere between $295 and $995, but easily it could cost more.)
5) Marketing:
Its All About Who You Know. Since almost 90% of home sales are handled by Agents, Agents have the most qualified leads of buyers for your home. Wouldn’t you want to be able to contact the top 20-30 Realtors in your area quickly? Agents can do this in minutes since they already contact them frequently.
6) Marketing:
Real Estate Agencies advertise homes regularly and know the places that work as well as ones that don’t. It should not surprise you that more than 3 out of 4 home buyers begin their search on the Internet. Are you comfortable advertising your home on the major search engines and specialty sites like Zillow.com? Make sure you ask prospective Realtors if they will use signs, newspapers, the Internet, etc. to adverise your home.
Don’t think of selling your home on your own unless you’re completely confident you can handle these items. You may not save any money at all not using Realtors.
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