Why You Should Use Scott Ivey
Advantages of Using a REALTOR® to Sell Your Home
As the real estate industry evolves it seemingly becomes easier to market your house without the use of a professional. Knowing whether to use a REALTOR® or sell privately (FSBO) can be difficult to determine. It is important to understand what a good agent will bring to the table. Some of the main advantages of using a professional include: emotional objectivity, knowledge and marketing reach.
Before you decide to take on the job of selling your house privately ask yourself a few key questions:
1.) Am I ready to emotionally detach myself from my house?
Sellers generally become attached to their home. Most consider their home a sanctuary where they create an environment of relaxation and exhibit their own style. It is difficult to let go of something that has become a part of you over the years.
A home becomes your canvas. Albums are filled with photos from 10 years of holiday family events, birthday parties etc. Walking across the floor you instinctively know what boards will creak, how to get the toilet to stop running and how to open the screen door in a second flat when no one else seems to have a clue. While some things may have once seemed like an annoyance they are now a part of what makes a home your own.
Additionally, it can be difficult to maintain objectivity as buyers critique your home. Something you find endearing, that make it so special to you, may be the opposite for a buyer. It is important to listen to buyer criticisms and to be open to suggestions for improvement. A REALTOR® will serve as an emotional bridge helping you maintain an air of calm during the selling experience.
2. Is the house presented and staged in the best possible manner?
A good REALTOR® knows what turns buyers on and off. Afterall, we are the eyes and ears. We hear buyer’s comments all day long. You may think your house is fine but for sale it may appear cluttered to buyers or furniture may not be laid out properly to make it appear more spacious. A good REALTOR® will know exactly when they walk into your property what tweaks may need to be done before your house goes on sale. If you sell it yourself, you never have someone on your side telling you what you should have done in the first place. A REALTOR® also is able to obtain feedback from buyers and their agents that you as the owner would never find out as people don’t want to offend owners. Leaving you in the dark…
3. Do I have the proper knowledge to price my house appropriately?
The first step is reaching a listing price. Some sellers have an unrealistic idea of the price their house may sell. Whether your idea is low or high, your agent will play a crucial role in helping come to a sensible price range. After completing a comparative market analysis (CMA) and examining other data, they will offer their respectful suggestion as to the price range you’ll be able to obtain. Once the listing price has been settled the marketing of your house begins.
4. Am I able to market my home effectively?
The initial marketing of your house is the most important aspect of the marketing process. You’re not just selling a house, you’re selling the intimacy and peace a home should make one feel. Ads placed on the web, newspapers, and the local MLS and are crucial to successfully selling your house. While you may be particularly fond of the 1970’s wallpaper, a modern REALTOR® understands that today’s home buyer will be less fond of this characteristic. Instead they may focus on the uniquely large size of secondary bedrooms, the proximity of your home to parks and schools or significantly lower taxes. Even if you’re able to detach yourself from your house and market it appropriately, will you be able to tackle problems presented during the escrow stage?
5. Can I anticipate and respond to problems quickly?
REALTORS® are trained to anticipate and avoid problems or respond to difficult situations quickly. They’ve likely handled countless transactions and run into near deal breakers throughout their careers. The ability to quickly handle problems during escrow can be the difference between a closed deal and one that falls through. Real property vs. personal property can present issues during the closing process. For example, if you are selling your home FSBO and do not stipulate your expensive, antique chandelier will be moving with you, you could run into trouble. An accomplished agent would ensure any questionable items be discussed prior to sale. Besides all that, do you even understand the process and paperwork?
6. Do you have time to show your home to buyers and will you make yourself scarce?
Most often FSBO homes are not as easy to arrange appointments. The ability for agents to show your home to potential buyers while you are at work is impossible. If you are there, home buyers generally feel intimidated by the presence of the seller during their visit. They rush through the house and tell you how wonderful it is even if they hate it. They feel uncomfortable looking through every nook and cranny even though this is one of the most important avenues a buyer must travel to make the decision to purchase your house. Hence, your presence hinders the sale of your house.
A Realtor only gets paid when you sell your property, and at the price you accept.
These are but a few of the issues sellers can run into during the selling process. Depending on your personal situation, knowledge and availability, it may be in your best interest to enlist the help and expertise of a professional real estate agent.