Don't go borrowing trouble. The interest rate is too high.

Don't go borrowing trouble. The interest rate is too high.

Have you ever known a home seller to look online for a current market price and then also forgo real estate representation to sell a property? Doing this can cost a homeowner, big, in so many ways but many decide to go it alone with a thought stuck in their head... save loads of money. 

Some people fail to realize the value of hiring an experienced, agent to help guide them, from start to finish, through the sales process. Agents that have been through a few cycles, know that national sites lack correct information down to the local level, especially true market value.

Years ago, I told a story about a FSBO who went to Z to find what was thought to be reasonable sales price. In reality, it was approximately $100K lower than current market value. Fairly quickly, a buyer agent submitted an offer on behalf of a home buyer, at full asking price with quick close. 

After recording, it was discovered the house was worth almost $100K more than the sold price. Talk about a very painful reality check. Ouch! This was a great deal for the home buyer, not so much for the seller!

An experienced listing agent:

• Creates a CMA to determine up-to-date market value
• Ensures all legal documents is properly filled out, signed and dated
• Inputs data to the MLS regarding features, upgrades and amenities
• Gets professional photos done plus de-personalizing and de-cluttering
• Distributes to multiple real estate driven sites, ensuring market saturation
• Advertises and markets heavy to grab the consumer's attention, especially when the property competes with other listings 
• Places a sign in the yard, creating fliers, scheduling Board Tour, open houses, notifying clients for showings, asking for feedback 
• Submits all incoming offers to the seller, then helps negotiate terms and conditions that favor the client
• And more!

Sellers: Trying to save money by selling a home or any property without hiring professional representation may borrow trouble and as most of us agents know, the interest rate is too high. Wayyyy too high!

This is an entry to: March to a Solution | ActiveRain March 2023 Challenge. Thanks again to Kathleen Daniels, Probate & Trust Specialist and to Patricia Feager, MBA, CRS, GRI,MRP for hosting!