Whether you are buying or selling a HOME, it can be an adventurous journey… and it helps to have a great tour guide on that journey!
In this world of instant gratification and internet searches, many buyers and sellers might think that they don’t need a pro. But that thought couldn’t be farther from the truth. So, let me throw at you five great reason (just as a start) about why you do need an expert on your side.
1. WHAT DO YOU DO WITH ALL THIS PAPERWORK?
Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.
2. OK, SO YOU FOUND YOUR DREAM HOUSE, NOW WHAT?
According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to make sure that you are covered on all bases?
3. ARE YOU A GOOD NEGOTIATOR?
Sure you can haggle for a refrigerator, maybe even get a great deal on a new car, but do you know how to get the best deal on that beach front dream home? Are you sure!? After looking at the list of parties you need to be prepared to negotiate with, you’ll realize the value in selecting a pro. From the buyer (who wants the best deal possible) to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.
4. WHAT IS THE HOME YOU’RE BUYING/SELLING REALLY WORTH?
It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. How about this stat when talking about home listed by owner (FSBO)… according to the National Association of REALTORS, last year the typical FSBO home sold for $208,000 compared to $235,000 when listed by an agent. Thats’s almost a 13% difference!
5. DO YOU KNOW WHAT’S REALLY GOING ON IN THE MARKET?
There is so much information out there about home sales, prices, and mortgage rates and how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?
Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.
THE BOTTOM LINE…
You more than likely wouldn’t remove a bee hive without calling a pro… You probably wouldn’t replace the engine in your car on your own… You definitely wouldn’t fix your broken arm with a band-aid and a prayer so why in the world would you make one of the most important financial decisions of your life without hiring a real estate professional?