There are several factors that may play into affect when you decide to sell your home. You will need to decide if you want to sell it on your own (For Sale By Owner) or if you would like to use a real estate professional.
The real estate professional often times will be able to sell your home faster than what you would be able to do on your own. The agent will have access to MLS, as well as customized marketing tools for your property. Also, the agent will do the open houses, which will free up more time for you.
The real estate agent will take care of all the paperwork that needs to be done when you sell your home. They will write the offer to purchase, any counteroffers or amendments to the offer, and order the title. Basically, they will walk you through each step to selling your home.
A key benefit to having a listing agent is marketing of your home. When selling your home, the only way to get people to consider your home is through the effective marketing of your homes qualities. A listing agent will provide all the marketing of your home which will drive potential buyers who are looking for houses with the qualities of the home you are selling.
When talking to a real estate agent, you must realize that they are conduits to the Multiple Listing Service or MLS. The vast majority of homes are sold using this service.
Real estate agents have experience and training in several areas that most individuals selling their homes "For Sale By Owner" do not. These include negotiation; understanding and reading contracts; understanding titles, appraisals, surveys and inspection reports; presenting or "staging" a home for showings; marketing; valuation and sales trends; prequalifying prospects; and more.
If you are an avid investor, it is important to note that many States set limits on the number of real estate transactions a person can do without the aid of a real estate agent.
While many home owners chose to go the route of For Sale By Owner, more than half of these seller end up signing with a Realtor after finding out the work that is involved in the process.
Real estate agents have no incentive to show sell homes that are not listed, because they only get commissions from sellers of listed home. Since most home buyers use real estate agents to find homes, those who do not hire an agent to sell may have a difficult time finding qualified buyers in a cooled-off real estate market.
The real estate agent that will sell your home is called a listing agent. They will "list" that your home is for sale, and do everything that they can to find you a buyer.
If you are thinking of purchasing a home right away as well, you may want to contact a mortgage professional to get pre-approved before your home goes up for sale. Besides pre-approving you, your mortgage broker can give you a list of trusted real estate agents, that can you help you.
Another benefit to have a listing agent sell your home for you is the legal aspect. It is the agents responsibility to protect you the seller such as in the event that a buyer backs out or defaults on the contract, who will pay for things such as title, if it is in your best interest to accept or deny an offer & to let you know who should pay for repairs if there are any.
When you sell your home with the help of an agent you gain the benefit protection. The agent is there to protect you. They protect you from wasting your time. They protect you from homeowners who don't qualify. This of course has a cost.
Ask your real estate agent if he or she works with one or more mortgage professionals on a regular basis. Problems with a potential buyer obtaining financing are the biggest reason for real estate purchase offers not closing. Or, if you have a mortgage professional first, have him or her recommend a highly qualified and skilled real estate agent.
The fact remains that when you list your home with a quality real estate agent your home will be exposed to the maximum number of other realtors. Since the realtors really control the buyer pools this means your home will in turn be exposed to the maximum potential qualified buyers. This usually serves to get your home sold the quickest and for the best price.
Nine out of ten home buyers use a real estate agent in the search process. 77% of the buyers also used the internet to search for a home. Realtors have invested a lot of time and money in building information technology, and because of these efforts, more consumers are using the internet in their home search. Realtor.com was the most popular internet resource, used by 54% of buyers, followed by MLS websites and real estate company websites. The most important factor in choosing an agent was reputation, according to 41% of home buyers. In terms of desired qualities in an agent, three categories were rated as very important by more than nine out of ten buyers: Knowledge of the purchase process, responsiveness and knowledge of the market. Satisfaction with real estate agents is very high, with 85% of buyers saying they were likely to use the agent again.
There are alot of discount brokers that will sell your house for less then the standard 6% commission. You should be able to find one local to your area and benefit from there cheaper services.
Home
