A real estate transaction is one of the largest financial investments that people make, a trained professional can help make it rewarding and a good experience. Some people might not want to hire a realtor but let’s take a quick look at selling your home by yourself.
Selling your home all by yourself means that you will have to deal with all the selling steps by yourself. These steps include: pricing your home, exposure, handling offers and closing the deal. Each step of the process has pros and cons, and some might be easier than others.
Some of the questions you want to really ask yourself:
- Do you have the time to sell a house all by yourself?
- Are you comfortable negotiating with agents and buyers?
- Do you want to be involved in the sales process?
- How confident are you with your selling skills?
If you answered no to any of the questions listed above, you shouldn’t be selling your home alone and want to use a realtor.
Some people won’t want to use a realtor to save cost – commissions paid to the realtor. But here are three reasons why you should be using a realtor.
Use A Realtor
What is a Realtor?
A realtor is a person who acts as an agent for either land, building or commercial real estate. In order to be a realtor, you must be a member of The Canadian Real Estate Association (CREA).
1. Avoid Problems
Realtors help you avoid legal problems since they will be dealing with most of the paperwork. Working with the lawyer/notary office, a realtor can help you look at the Offer to Purchase letter from the buyer.
Realtors know what is usually in the fields required in the other conditions. Some of these include home inspection, land assessment, and pending mortgage approval.
An agent can help you find the proper procedures and people to obtain documents needed to sell the home. These include making sure you have all the proper records and list of everything that has been modified to the house.
Realtor’s have knowledge and expertise that can help assist you with all aspects of the sale process. Your realtor takes all the stress out of selling your home and assists with everything.
2. Able To Price Your Home
This is very important because if you do not know what to price your home at, you could be losing thousands of dollars. A realtor will know market trends that are affecting your market. They would be able to provide a realistic amount of how much to price your home that neither low or hight.
If you set your price too high, it will not attract buyers. People might even consider your house if it is priced too high, even though you are willing to go accept a lower price.
If you set your price too low, then.. you just lost money. This is not a good situation to be in and you will never know if you got a good deal unless you deal with a realtor.
Realtor’s gather information from MLS listings that are similar to your home. After looking at a collection of homes that are selling or that have sold in your area – the price of the home can be determined. These are just guidelines to follow since no two homes are the same.
3. Attracting The Right Buyers
First impressions do matter when selling a home. It is important to stage the house properly including un-personalize it (taking down family pictures, etc) and un-cluttering the home. This helps open your home and gives buyers an idea of what they can rearrange.
Use a realtor as a tool and have them walk you through your home and give you pointers in what you should fix. Use this unbiased opinion to fix whatever is necessary to sell the home. This includes painting the walls, cleaning up the mess in the basement and even doing a full deep clean of the home.
A real estate board in front of your house attracts neighbors to come visit and inquire about the home. This can help create a buzz in the neighborhood and could spark interest from people they may know.
This can help you sell your home quicker and instead of not knowing what to do, realtor’s can manage the workload.
- Granting you exclusive access to MLS Listings
- Highly trained individuals/teams
- Continuously trained to keep up with the latest practices
- By the book, no funny business
- Highly ethnical
- Dealings are insured
- Opportunity for recourse
If you are buying a home instead of selling a home, check out the 5 step guide in purchasing property in Canada.