This day and age technology has changed the way we go about doing things.
Whether or not we’re actually using technology, it’s changed the way we think of things - we’re in the “I can do this” myself evolutionary state.
Not sure how to fix a flat tire? No need to call your local mechanic or pick up a b… book. Now you can just watch a step-by-step YouTube tutorial on how to do it yourself while saving some big bucks.
And while you can easily just watch a video or turn to Google to show you how to take things on yourself, some things are better left to experts.
Selling your home.
Sure, there are options to take this on by your lonesome. You could go the ‘For Sale by Owner’ (FSBO) route but we wouldn’t recommend it.
Well, here are the top 9 reasons why you should sell your home with a licensed REALTOR®:
9. Realtors® can guide you through the entire selling process
There’s more to selling your home than just signing on the dotted line. In fact, there’s a laundry list of things that need to be done before and after selling your home.
Appraisals and inspections need to be done on the home.
You’ll need to complete a title search which can only be done by either a title company or an attorney’s office.
With a Realtor®, you don't need to worry about all of these details as they guide you through the process and take care of the majority of the tasks which are often overlooked.
8. Realtors® can help you negotiate
Let’s face it, some of us aren’t natural barterers.
Some of us would love the idea to negotiate the price of an item but can’t seem to muster up the strength and confidence to do so. Alas, we fork out the money to pay full price instead of getting the best value for us.
While negotiating the price of a crockpot might not be worth the headache, when we’re talking with respect to thousands of dollars in savings just from negotiating on the sale price, it’s definitely worth it.
Realtors® have the know-how to negotiate the best price for your home while you can sit back and worry about the actual life events that are going to need to be happen to lead up to moving after you sell your home.
Not only that but an agent can negotiate items that aren’t necessarily just the home. These can include household items like TVs and furniture.
7. Realtors® make showings less invasive
You’re in the market to sell your home but you’ve chosen to sell on your own. So, after playing phone tag with a prospective buyer, you both finally set a time and date for them to view your home.
So there you are, the buyer and the seller trying to communicate with each other awkwardly as they nitpick everything about your home. The home you put your blood, sweat and tears into perfectly painting and decorating to fit your needs.
You try not to get offended by the comments they make about the paint and the furniture but you can’t help the feeling of telling these people to get out of your home.
Let’s cut to how it would be if you were to do this all with an agent:
First, you wouldn’t need to be at the home for the buyers to view it. Your trusted realtor would have the keys and know the ins and outs of your home to sell it to the prospective client.
Second, home shoppers absolutely hate viewing the home while the seller is home. Rather than sabotaging a potential sale before it can even happen, have your agent handle the walkthrough for you.
6. FSBO signs leave you vulnerable
Typically the first thing we’ll do once we’ve decided to list our home for sale is make sure everyone knows.
How do we do that?
By sticking a shiny new “For Sale” sign on our front yard.
This doesn’t change if you’ve decided to sell your home privately. What does change is your level of vulnerability to serious home shoppers and “tire kickers” alike.
With a private sale, they’ll call you. Incessantly until they get a hold of you to set a date and time to view your home. A licensed Realtor® can act as your gate keeper. If someone sees your for sale sign and wants to inquire, they’ll call your agent directly.
5. Realtors® help with weeding out the wishy-washy home shopper
Selling your home privately could leave you wasting time on the “wishy-washy” home shopper.
You know, the home shopper who isn’t sure if they want to be your home or not.
Let your Realtor® weed out the buyers who aren’t serious in buying your home or might not be pre-qualified for a mortgage in order to buy your home.
4. Realtors® save you time
Much like the scenario of the wishy-washy home shopper, seldom do FSBO sellers think about the amount of time that goes into marketing a listing.
Realtors® have the experience and the time to effectively market your listing to bring in valuable prospective buyers.
3. Realtors® provide unbiased opinions
While the decoration of your home might meet your tastes, it might not meet the tastes of prospective buyers. Without an agent, you wouldn’t be able to know how to stage your home appropriately to appeal to buyers.
2. Realtors® can get you more money
Realtors® not only know what the value of your home is, they also know what you can ask a buyer to pay for your home.
According to The National Association of Realtors®, national reports have shown that the average price of a For Sale by Owner home was $174,900 in 2014, as opposed to $215,000 for homes listed by an agent.
This means you could actually realize a profit even after paying the real estate commission - but only with an agent by your side.
And the #1 reason why you need a Realtor® to sell your home:
Realtors® can sell your home faster than you can on your own!
Listing your home with an agent is likely to result in a faster sale, since Realtors® are better able to market your property. Real estate agents have access to Multiple Listing Service (MLS) databases, which are widely searched by people looking for homes. Your agent may also know of someone who is looking for a home like the one you are selling, and may even be able to secure an offer without advertising it at all.
For instance, our website generates approximately 300+ leads per month and we currently have a database of over 5,000 potential buyers who receive information and new listings from our firm on a daily or weekly basis. It would probably be very fair to say that not many, if any, For Sale by Owners have this kind of reach into a pool of people actively looking for a home to buy.
At the end of the day, the decision to sell your home on your own or with a licensed Realtor® is completely up to you.
Whatever decision you decide to make, research and look at all scenarios carefully before jumping into the market.