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Congratulations, you've finally found your dream house! Now all you need to do is get prepared to move in and sell off your old house to recoup some of the cost.
At times like these, it's tempting to sell the house yourself without any outside help, thus avoiding the fees and hassle of pulling in professionals. However, the cost of not bringing in a realtor will far outweigh the cost of bringing one in.
But why are realtors so important?
Well, we're glad you asked. Here's our guide on why you should use a realtor to buy or sell your home! So grab your listings and let's dive in!
One of the main reasons to bring a relator in to buy or sell your house is that real estate agents know how to attract and keep buyers as well as what networks to use to spread the word. For example, real estate agents will take the time to get detailed pictures and videos of your house to provide potential buyers with a virtual tour, something you don't have the resources for.
Real estate agents also have a long list of potential clients and markets they can sell their houses in by virtue of the business they're in. This means they can get your house in front of more eyes than you could with a few websites here and there. They also have their finger on the pulse of the real estate market, allowing them to give your house a fair price that doesn't scare off buyers or undersell your property.
What's more, this expertise allows realtors to sell your home at a higher price than you would have gotten alone (some buyers get nervous when the owner is the in-person seller). This helps alleviate the commission you'd pay the agent for their work.
It's perfectly legal for you to sell your house without any licenses, but that doesn't mean every step of the process is free from legal documentation. Many buyers will want to run the sale under escrow (a third party holding the money from the buyer and seller until all agreed-upon conditions are met), which you'll need a licensed professional for.
Different states also have different laws determining what documents you need to sell the property and how sales for certain types of property work. Failing to adhere to these laws will doom your sale and could even land you in legal trouble. Real estate agents, however, are well-versed in these laws and can help you avoid these sorts of pitfalls.
Finally, real estate agents allow you to conduct a sale of your home without emotion getting in the way. Even after you release your seller's disclosure (stating everything that decreases property value in a house, like broken plumbing), it's easy to gloss over flaws in your house that buyers will see as unacceptable. Any hang-ups or attachments about your house can go to the side when you hand things over to a real estate agent, who can make the sale on logic and financial fact alone.
Plus, getting out there and marketing a house is no easy feat. It requires you to invest a lot of time and money into marketing your house, showing it off to buyers, etc. To prevent this from cutting into your work life or moving plans, allocate the work to a real estate agent so you can focus on more important things.
Now that you have our guide on why you need to hire a real estate agent to buy or sell your home, it won't be long until that "For Sale" sign in your yard turns into a "Sold" sign! To get started on moving your house into the market, make sure to contact us at The Susie Martindale Group and let us know how we can help!