When it comes time to sell a property, owners sometimes consider not using a Realtor. Just like electrical repairs, taxes, and other tasks, it may be possible to do it yourself but usually it may end up costing more because of mistakes made in the process. Technique, resources, and expertise are important, particularly when it comes to selling such a big investment. Below are five reasons not to sell your own home in MA that sellers should consider.
Pricing Complexities
Determining the right price will mean the difference between your property selling within a reasonable time or not selling at all. Many homeowners make the mistake of referencing past values, the selling price of a very different type of house, or stagnant listings active on the market to determine their price. Incorrect pricing can result in wasted time and a much lower selling price when it actually sells. Listing agents understand changes in the market and understand the complexities of setting prices. This is critical not only when your property is initially listed but also as time passes and the market fluctuate.
Amount of Exposure
Real estate professionals can expand the reach and exposure of your listing to a larger amount of prospects. Most buyers, especially first time home buyers, use real estate agents to assist them through the buying steps. For-sale-by-owner marketing options do not access the network of real estate brokers. The selling price is based on inventory, demand, and time. By taking more time and limiting exposure (the demand), the end result could be a significantly lower selling price.
Buyer Qualification Methods
Not all prospects are created equal. There are different elements of an offer and pre-approval that should be reviewed beyond price. Taking your home off the market for an unqualified buyer can cause you to lose valuable time, miss out on other buyers, or leave your listing unfairly stigmatized. Realtors will ensure you thoroughly assess offers and limit your risk.
Creative Strategies
Deals sometimes move forward or fall apart over very miniscule things. There are ways to keep a deal intact that homeowners may not think of simply due to inexperience. Listing agents accumulate a wealth of knowledge over time and usually find alternate ways to bring buyers and sellers together or to address issues.
Keeping Deals Together
Emotions play a role in many real estate transactions. It is natural given the large investment that buyers make and the attachment that many sellers have to their home. Real estate agents act as a cushion between parties to maintain civility and communication. Believe it or not, this is pivotal in most property transfers. Your real estate agent can maintain clear thinking and advise you on matters while keeping your best interests in mind.
Five Reasons Not To Sell Your Own Home In MA
Listing agents help you start at the right price for the current market, reach the most potential buyers, understand the qualification of buyers, bring deals together through creative solutions, keep deals together, and achieve successful closings. Homeowners who take the for-sale-by-owner route to save money may be faced with lengthy market times, commit mistakes, and ultimately save less money than they thought. The five reasons not to sell your own home in MA noted in this blog are just a few reasons not to sell by owner. For further information contact Christopher Graves at Emery Federal Credit Union via phone at 781-759-1200 x22 or email christopher.d.graves@gmail.com.
