Why Working with a Real Estate Agent May Be Better Than Going Solo
There are some important things to consider if you are thinking about selling your house on your own, also known as "For Sale by Owner" or FSBO. Going this route entails taking on a lot of responsibilities on your own, which can be stressful.
A recent report from the National Association of Realtors (NAR) found two of the most difficult tasks for people who sell their house on their own are getting the price right and understanding and performing paperwork.
Here are just a few of the ways an agent helps with those difficult tasks.
Getting the Price Right
Setting the right price for your home is critical when trying to sell it. If you're selling your house on your own, two common issues can arise. For starters, you might ask for too much money (overpricing). Alternatively, you might not ask for enough (underpricing). Either can make it hard to sell your house. According to NerdWallet:
“When selling a home, first impressions matter. Your house’s market debut is your first chance to attract a buyer and it’s important to get the pricing right. If your home is overpriced, you run the risk of buyers not seeing the listing.
. . . But price your house too low and you could end up leaving some serious money on the table. A bargain-basement price could also turn some buyers away, as they may wonder if there are any underlying problems with the house.”
It is a good idea to work with a real estate agent to avoid these issues. Because they understand the local housing market, real estate agents know how to determine the best price. They can use their knowledge to set a price that corresponds to what buyers are willing to pay, giving your home the best chance to impress from the start.
Understanding and Performing Paperwork
Selling a house involves a bunch of paperwork and legal documentation that has to be just right. There are numerous rules and regulations to adhere to, making it difficult for homeowners to manage everything on their own. Without the assistance of a professional, you may face liability issues and legal complications.
Real estate agents are experts in all the contracts and paperwork needed for selling a house. They understand the rules and can guide you through the process, reducing the possibility of errors that could lead to legal problems or delays.
Instead of dealing with the growing pile of documents on your own, team up with an agent who can act as your advisor, assisting you in avoiding any legal snags.
Selling your home is a big deal that can be difficult. A real estate agent can help you set the right price and manage all of the details so you can sell with confidence. Let us get together to make the process go smoothly and take some of the pressure off your shoulders.