6 Reasons to NOT list your home for sale by owner! Wednesday, April 06, 2016
While listening to other agents talk about the clients they have had try or even succeed at listing properties by themselves, there always seems to be a few things that could have gone smoother. Whether that is how long it took the property to sell, how much time it took to get the sale closed, the cheaper than expected sale price or any other headache you could think of. So I wanted to share a few thoughts on while it is not impossible to list a home yourself, you might be more than qualified to do this, there are benefits to having a professional handle the transaction for you.
1.Realtors are knowledgeable on the language other Realtors use. This may not seem like a big deal until you try to decipher what all those acronyms mean while talking with a buyers agent. This would not be the best time to ask "what do you mean", or "can you say that in terms I would understand?" All this would do is let the other agent know they have the upper hand and most likely affect the way the rest of the interchange goes. You want someone who has the ability to speak with other agents and comprehends what is going on.
2.Listing your home alone might also seem like a way to save some money. This is true, because you will not have to pay for the commissions due, but there is a downside. The commission the agent makes is for their expertise and ability to get your home sold. In this day and age you can look up endless homes online and find up-to-date homes in every market. What you may not know is that Realtors have even greater searching power, and thus can get your home seen by many more people. Listing with a Realtor does not just put your home on a few sites, it literally has your home listed on hundreds of sites, even competing agents sites. This is a good thing to remember, being seen by more people more often will ensure a quicker sale and a better offer price.
3.Negotiating is another thing that Realtors are experts at. When offers start coming in and they are all different, some cash, some asking for contingencies, you will want someone to be a shark on YOUR behalf. Your Realtor has your best interests in mind, because selling your home for top dollar and making you happy is there ticket to referrals and positive reviews. So in essence, your priority of getting every penny out of your home is also in the best interest of your Realtor.
4.Apart from the fact that your Realtor can list your home to more sites and people, they know people that may be needed that you don't. A good Realtor should be connected to everyone. This would be mortgage brokers, attorneys, inspectors and more and be able to refer these professionals whenever the need arises. These people are all in your Realtor's network, so why wouldn't you want to use them?
5.There are also two different types of pros to help you list. Agents and Realtors. Realtors are held to a strict code of ethics to ensure you are being taken care of. Not every person that can put a sign in your yard belongs to the National Association of Realtors which is the largest trade group in the entire country. Realtors are held to a higher standard than licensed agent and are held accountable to that code of ethics.
6.Most importantly of all, your Realtor is not just a salesperson handling a transaction for a customer. They are your therapist when things don't go right, or when you start second guessing the offers coming in. They work around the clock so you don't have to, and that is worth its weight in gold. You don't have to worry about fielding calls while out with your family, or making sure you can send or receive documents, because things happen fast in real estate and waiting until you are able to send things back to buyers could result in a lost opportunity.
Happy house hunting/selling and be sure to pick a Realtor you get along with...because you will be spending more time than you think with them:)