Are you planning to move out of your current home and shift to a new one? Do you want to sell a property that you bought as an investment? No matter what your reasons for selling a house, the process is pretty much the same. Experienced real estate investors have it easier because they spent years developing contacts within the industry. However, if you are new to selling homes or just new to the real estate market in general, chances are that you would find the selling process long, confusing, and probably difficult.
Still, should you really spend extra money to hire a realtor to help you sell the house? The answer, in most cases, is definitely yes. Here are five reasons why realtors can help you in selling your home.
1. You get to use the realtor’s professional network
As mentioned earlier, it takes years and lots of effort to build a professional network in real estate. With a realtor, you get to use that network right from the beginning. Your realtor will network with other realtors and professionals who can help you sell your home for the best price. Realtors can tell you which professionals are best in terms of efficiency and pricing and give you references of people they have worked with in getting successful sales.
2. You are represented by someone who can negotiate prices effectively
One of the best advantages of a realtor is the negotiation skills he or she brings to the table. They have years of experience in negotiating the best prices for property, and they have the emotional disconnection from the property that makes them better negotiators. They help present your property and your case in the best light while keeping your information secure and confidential.
3. The realtor helps you set a fair price
A realtor does not set the price for your property but can guide you in choosing the best asking price. Unless you have enough experience and knowledge of the real estate market, chances are that your asking price for a home would mostly be dictated by emotions and the value of homes nearby. However, realtors know all the factors that go into choosing the price, including demand and supply, market conditions, and the state of buyers. Speaking of marketing conditions, here is another reason to get a realtor to sell your home.
4. You get to know all about the real estate market
Your realtor can explain the prevailing market conditions that govern your selling process to you. You can understand the general market condition through news reports, but a realtor can tell you exactly what is happening in the real estate agent around your location, the factors affecting it, and what you can do to sell your home for the best price in the current market.
5. A realtor helps remove bad buyers beforehand
If you have sold a home before, you would know how many prospective buyers come for visits without even showing a sign that they want to buy your home. It is a waste of time for you, but a real estate agent removes such buyers as well as builder’s agents and other spammers.