Sellers: Should You Hire a Realtor?
Selling your home without consulting a real estate professional?
Selling without a real estate professional may:
Some Sellers feel that they can save the real estate agent’s commission by marketing and selling
the property themselves. There are some noteworthy issues to consider before embarking on your own.
the possible stress, frustration, and legal exposure in trying to sell a home without the necessary real estate knowledge and tools.
Selling without a real estate professional may:
- Typically your listing will have limited exposure to potential Buyers, unless you can list your home on the MLS.
- Potential that your home may stay on the market too long and thus your actual sales price may be significantly lower due to perceived issues with your home. There could be increased risk that your home sales price is significantly below market prices.
- Increase your liability exposure -- if you do not understand the contract, inspections, procedures and real estate law.
- What is the value of your home? Do you know how to value it correctly? Do you have a sound pricing strategy?
- Are you able to market your home to the most qualified Buyers such as on the internet and with technology and marketing tools such as virtual tours, open houses....
- Are you able to determine if a potential Buyer is a qualified Buyer? If there are 10 offers on your home, how do your rate and qualify their strengths and genuiness of their offers?
- Do you have sound knowledge of the legal, contractual, and procedural processes in a real estate transactions?
- Do you have the time and energy to arrange appointments and tours for the buyer?
Some Sellers feel that they can save the real estate agent’s commission by marketing and selling
the property themselves. There are some noteworthy issues to consider before embarking on your own.
- Its possible the real estate professional's experience and advice on how to showcase your home will help you earn a higher rate of return when selling your home.
- A good real estate professional has the ability to market your home through the internet and through their business networks which could help you sell your home quicker and at a higher rate of return.
- What happens if you are unable to sell the home?
- How will you and how long will it take to acquire the legal, procedural and marketing knowledge to effectively sell your home?
- If you make a mistake, are you prepared for the possible legal repercussions of the liability exposure and emotional stress it could have on you?
the possible stress, frustration, and legal exposure in trying to sell a home without the necessary real estate knowledge and tools.