Buying a home is one of the most significant financial decisions most people will make in their lifetime. However, life is full of surprises, and you many end up needing to sell the home for one reason or another. Many first-time sellers are tempted to try their hand at FSBO (for sale by owner) to save the cost of realtor fees. However, FSBO doesn’t usually result in a sale at all, and if the seller does make the sale, there is no guarantee that they will save money. Here are the top benefits of working with a realtor:
Effective Marketing
As with any type of sale, home selling relies heavily on effective marketing. An experienced real estate agent will develop a marketing plan that best suits your property. This is not only when to market the home, but also how to present it to the public as far as staging and providing an appealing property description. One considerable advantage that realtors have is access to the Multiple Listing Service (MLS).
Another thing to note is that many property sales are conducted based on established connections that your realtor already has. This can be many personal and professional associates contacts, previous clients, or referrals.
Realistic Pricing
Realtors constantly work in and are skilled at studying local markets to determine a realistic price range for your home. One of the biggest mistakes FSBO makes is not starting with a reasonable asking price for their property. Without proper research and knowledge of real estate, it is easy to severely overvalue or undervalue your home. If you do underestimate your home value, you will likely make a sale. But there is a chance you have just lost out on a significant amount of profit. Additionally, realtors can advise specific improvements to your property that will raise its value before the sale.
Strong Negotiation
Another skill realtors possess is strong negotiation. Real estate agents are very experienced and committed to getting you the best price possible while still making the sale. An experienced realtor will be able to identify which offers are worth pursuing and then engage in the negotiation process on your behalf.
Why Choose Quest Real Estate Services
Are you looking to buy or sell in the Santa Rosa Beach area? At Quest Real Estate Services, we believe that our experience and customer reviews speak volumes about our ability to ensure a smooth and rewarding real estate transaction. For more information about our services, contact us today!