If you want to sell your house, you should work with someone who knows how the market is changing and what that means for you. Here are five ways that hiring a pro can help you make the most money from your sale.
1. They’re Experts on Market Trends
Change is what makes the housing market we have now, so it’s important to work with someone who knows what’s new and how it affects your goals. A professional real estate agent knows about both national trends and those in your area. More importantly, they’ll help you understand what all of this means for you, so you can make a decision based on reliable information.
2. A Local Professional Knows How To Set the Right Price for Your Home
This year, the increase in home prices has slowed down. If you try to sell your house on your own, you might be more likely to set a price that is too high because you don’t know as much about current prices. If you price your house too high, buyers might not be interested or it might stay on the market for longer.
Real estate agents look at many things, like your home’s condition and any improvements you’ve made, with an open mind. They compare your house to recently sold homes in your area to find the best price for today’s market so that your house sells quickly.
3. A Real Estate Advisor Helps Maximize Your Pool of Buyers
This year, there aren’t as many people looking to buy, so you should do what you can to bring in more people. Real estate agents have a lot of tools at their disposal, like social media followers, agency resources, and the Multiple Listing Service (MLS), to make sure that people who are looking to buy will see your house. Investopedia explains why it’s risky to sell without an agent’s network:
“You don’t have relationships with clients, other agents, or a real estate agency to bring the largest pool of potential buyers to your home.”
Without access to your agent’s tools and marketing expertise, your buyer pool – and your home’s selling potential – is limited.
4. A Real Estate Expert Will Read – and Understand – the Fine Print
When selling a house today, you have to follow more rules and give more information. That means you’ll have to keep track of even more legal papers. This is what the National Association of Realtors (NAR) says:
“There’s a lot of jargon involved in a real estate transaction; you want to work with a professional who can speak the language.”
5. A Local Professional Is a Skilled Negotiator
In the current market, buyers are getting more power in negotiations. If you try to sell without the help of a professional, you’ll have to handle any back-and-forth. This means that you’ll have to work with:
The buyer, who is looking for the best deal,
The buyer’s agent, who will use his or her knowledge to help the buyer,
The inspection company works for the buyer and will almost always find problems with the house.
The appraiser, who figures out how much the property is worth to keep the lender safe,
Instead of going up against these people on your own, get help from an expert. They’ll know what buttons to push, how to make everyone happy, and when you might want a second opinion.
Don’t do it by yourself. If you want to sell your house this spring, you should work with a real estate agent. This way, you’ll have an expert by your side to help you navigate the current market.