For many people, their home is their largest asset. So when it comes time to sell, it is completely normal for homeowners to want to maximize their profits. Some people contemplate the idea of doing a for sale by owner (FSBO) so they can save money on the commissions paid to the real estate agent representing them and the buyer. While doing an FSBO may sound good in theory, it is usually a very bad idea — sellers are almost always better off hiring an experienced licensed real estate agent. Some of the top reasons to hire a real estate agent to sell your home include:
Price Your Home Properly From the Start
Many homeowners have a vague idea of how much their home is worth, but having an approximate home value doesn't help when pricing a home for the market. It is not uncommon for homeowners who attempt an FSBO to price their home much too high. When you hire a real estate agent to serve as your seller's agent, they will do in-depth research to determine the best price to list your home at. This research will involve looking at what comparable homes in your area have sold for. Pricing your home right from the start will help ensure that it sells in a timely manner for a good price.
Proper Marketing
Selling a house is a lot more complicated than just sticking a "for sale" sign outside and listing the home online. If you want to sell your home quickly, hiring a real estate agent is the way to go. A good real estate agent will work hard on your behalf to market your home and attract buyers. Marketing strategies may include advertisements on the internet and social media platforms, as well as holding open houses for other real estate agents representing buyers and buyers themselves.
Overseeing the Escrow Period
After you accept an offer on your house, it will go into escrow. This is the time between going under contract and actually closing on the transaction. So much goes on during the escrow period, and it can be hard to keep track of everything. A real estate agent is a valuable asset during the escrow period — they will stay in touch with the buyer's agent, the title company, and the mortgage lender to help ensure that the sale closes on time without any major issues.
To learn more, contact a company like Michelle O'Connor Real Estate.
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