Buying or Selling Your Home?
Making the decision to buy or sell your home is one of the most important decisions you can make in your life. So it requires much thought and careful planning. You may have googled “How to sell my home without an agent,” in hopes of being a For Sale By Owner (FSBO). FSBO is flaunted as a way to save you thousands of dollars and cut costs when it comes to selling your home. However, FSBO sellers have to be prepared to manage the whole sales process and do a lot of legwork without a guarantee of closing on a final sale.
If you are considering selling your home without an agent, ask yourself a few questions: Are you prepared to work with a buyer’s agents? Are you capable of handling all of the sales and marketing? Are you willing to screen potential buyers?
As you can see, this is a lot to think about. Below are 5 reasons why you should hire a professional to help you buy/sell your home:
1. Lots and Lots of Paperwork…
Every state has different regulations (which are constantly changing) regarding contracts required to ensure a successful sale. You have to be prepared to handle purchase contracts, title insurance, mortgage loan, property insurance, and a few more.
Also, there are certain requirements that a contract needs to be legally compliant. For example, if you are selling your home, you must disclose any latent defects of the house. Don’t put yourself at risk of being sued!
2. Can You Accurately Estimate Your Home’s Worth?
One huge and common mistake for FSBO sellers is the pricing of their home…it is always way too high! It is important to have your home priced accurately right out of the gate so that you can attract the right buyers, which in result, will shorten its time on the market. The longer your home sits on the market, buyers may start to wonder what’s wrong with it.
Find out how much your home is worth by clicking here!
3. It’s Negotiation Time!
Besides negotiating the final price on your home, think about all of the parties involved that you will have to negotiate with. From the buyer to the inspector, to the appraiser, there are at least 11 different parties that will be involved with this process. Don’t you want a professional to handle all of this for you so you can sit back and relax?
4. Market Trends
Do you know anything about home sales, prices, or mortgage rates? What about the specifics of what is going on in your area? Do you know how much to offer a seller without offering too much or too low? Can you price your home accurately? Hiring an agent will ensure that your buying/selling decision is an educated one. Real estate agents are always keeping their finger on the pulse of the market trends and news to provide you with the most up-to-date information.
5. Congratulations! You Have Found Your Dream Home…Now What?
Are you prepared to take the actions required for a successful transaction? According to the Orlando Regional Realtor Association, there are 230 possible actions that should take place when buying/selling your home! That is a lot. Don’t you want an experienced real estate agent who has been through these steps multiple times to help you transition into your new dream home?
Long story short, if you are thinking of selling or buying a home, hire a professional real estate agent. Better yet, contact The Pivec Group of Keller Williams Gateway. We are a professional team who puts our clients first. If you want to learn more, or need help buying or selling your home, contact The Pivec Group today at 443-692-8800 or visit our website! We look forward to assisting you!