Rising interest rates and home prices do not make selling or purchasing a home in today's market an easy task. Though many potential homeowners think that they can For Sale by Owner (FSBO), a Real Estate Professional would help make either buying or selling a home a much smoother task.
Here are five reasons why hiring an experienced Real Estate Professional will help lead you toward your ultimate goal.
1. Paperwork can be overwhelming
Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork that seem daunting at first look.
2. There's a lot to do after finding the perfect home
According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Someone who has been there before would be able to show you exactly what needs to happen after choosing a home—step by step.
3. Necessary negotiations
Though you may not think you need an agent to sell your home, after looking at the list of parties with whom you need to be prepared to negotiate, you will realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people to whom you will have to answer during the process.
4. Determining house value is crucial
It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. However, you also need someone who is not emotionally connected to your home to give you the truth as to your home’s value.
According to the National Association of REALTORS, “the typical FSBO home sold for $184,000 compared to $230,000 among agent-assisted home sales.”
5. You need to know what's going on in the market
Information about home sales, prices, mortgage rates can be overwhelming; how do you know what’s going on in your area? Who do you ask to tell you how to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much or offending the seller with a low-ball offer?
“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.” – Dave Ramsey
Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.
Hire a Real Estate Professional today.
If you are an agent, check out Keeping Current Matters' free 18-page eGuide "Unlocking the Secrets of Real Estate's New Market Reality" to learn the steps you need to take to succeed in today's market.