Five Reasons To Avoid Homes For Sale By Owner

When it comes to selling a home, owners sometimes consider selling on their own. Just like home repairs, bookkeeping, and other tasks, it can be possible to do it yourself but sometimes the time, expense, and end result may not match what a professional can offer. Technique, know-how, and expertise are essential, especially with selling such a big investment. Below are five reasons to avoid for sale by owner in Winthrop MA that sellers should consider.

Understanding the Current Market

Determining the correct price will mean the difference between your real estate selling quickly or not selling at all. Many sellers make the mistake of referring to past appraisals, the selling price of a nearby property, or stagnant homes that are currently on the market to determine their price. Over-pricing will lead to wasted time and a lower selling price if it actually sells. Real estate agents understand changes in the real estate market and understand the complexities of setting prices. This is important not only when your property is initially listed but also as time passes and the seasons fluctuate.

Marketing Range

Realtors will expand the reach and exposure of your home to a larger pool of prospects. Most buyers, particularly first time home buyers, use real estate brokers to assist them through the home buying process. For-sale-by-owner marketing options may not include the network of Realtors. The price for which real estate sells is affected by supply, demand, and time. By wasting time and minimizing exposure (the demand), the end result can be a much lower selling price.

Buyer Qualification Methods

Not all prospects are qualified. There are many aspects of an offer and pre-approval that should be evaluated beyond price. Taking your property off the market for an unqualified buyer can cause you to lose valuable time, miss out on other offers, or leave your property unfairly stigmatized. Listing agents will help you properly qualify offers and minimize your risk.

Creative Ways to Bring Deals Together

Transactions sometimes more forward or fail over minor items. There may be ways to keep a deal intact that homeowners do not know simply due to inexperience. Realtors gain a wealth of knowledge over time and commonly find alternate ways to facilitate agreement or to address issues.

Buffering Emotions

Emotions are high in most real estate transactions. It is expected given the large investment that buyers make and the attachment that many homeowners have to their property. Realtors act as a buffer between buyer and seller to maintain civility and communication. This is actually pivotal in most real estate transactions. Your real estate agent can keep clear thinking and advise you on matters while promoting your best interests.

Five Reasons To Avoid For Sale By Owner In Winthrop MA

Real estate agents help you price your home properly for the current market, maximize your marketing, qualify buyers, bring deals together through creative arrangements, maintain relationships, and facilitate successful closings. Sellers who take the for-sale-by-owner route to save commission may experience lengthy market times, be stressed over problems in the transaction, and eventually not save as much as they hoped. The five reasons to avoid for sale by owner in Winthrop MA listed in this blog are only a few of the many reasons not to go it alone.

The Winthrop Real Estate Professionals

To find out more about buying or selling your home near Winthrop - contact Jared Swanson with the Mass Home Team.

You can reach us directly at (617) 207-8060.