One of the most common steps homeowners take when preparing to list a home for sale is to crunch numbers. As a homeowner, you want to ensure that you can get a reasonable price for your home so that you can pay off your existing mortgage and hopefully turn a decent profit. You may need to use the proceeds to pay for another house, to pay off debts or to accomplish other substantial goals. Many sellers will use the services of a real estate agent to list their home for sale as well, but real estate agent fees eat away at your profit from selling the house. Because of this, you may be wondering if you really need to hire a real estate agent Toronto to help you sell your house. Agents offer true value to sellers in a number of ways, and you may find that their services are well worth paying for.
Setting a Reasonable Asking Price
Many homeowners have a fair idea about how much their home is worth, but there is strategy associated with establishing a firm list price. For example, agents will review market data to determine a high and low end value for your home. Depending on if you want to get top dollar or you want to sell quickly, the agent can then advise you of a price that meets your objectives.
Marketing Your Home
Agents also actively market your home, and their services include everything from placing a sign in the front yard to advertising it online and hosting open houses. Sellers typically will have to pay fees to market their property online, to create marketing flyers, to buy yard signs and more. Therefore, there is some cost to the homeowner to market the home on his or her own.
Negotiating With the Buyer
Once a buyer has made an offer, negotiations typically ensue. Negotiations may be for the sales price, who pays closing costs, repair items that need to be made to the house, when the closing date will be and more. Some homeowners are not comfortable with or skilled at negotiating, and the skills of a real estate agent can be invaluable in this area.
Working With Third Parties
Another service offered by agents relates to third parties, such as the appraiser, property inspector, title company, lender and more. Many different components have to come together to sell a house. Your agent will guide you through this process and typically will actively communicate with third parties on your behalf to reduce your stress level and to ensure that tasks are taken care of in a timely manner.
If you are thinking about selling your home, rest assured that you do not have to use the services of a real estate agent. However, as you can see, agents bring true value to the transaction through their efforts. Consider interviewing a few agents to learn more about how they can help you to sell your house.
If you have a house up for sale and are debating whether or not you should hire a real estate agent, consider the ways in which this professional can help get your house off the market and into the hands of a buyer much more quickly than you could without assistance.
Staging the House
You may think that you can just invite people to start looking at your house today; however, you really need to stage it so that it is inviting to others. For example, when you have pictures around the house of your family, potential buyers may have trouble picturing their own relatives living in the space. A real estate lawyer like Slavens RealEstate can help you to set up the dwelling in a way that is both inviting and filled with character.
Repairing Necessary Issues
While you just may want to sell the house without putting any more work into it, that isn’t always possible. If the house has serious issues with the electric or plumbing or if you cannot compete with all the brand new constructions in the area, you may have to take some time to make these repairs and upgrades. Keep in mind that by tackling these projects, you can also potentially increase the list price.
Posting Your House
You may also assume that you can just post your house in the proper listings by yourself. While you will likely have access to some listings, both online and in the physical world, you do not have the same access that real estate agents do. They can get your listing to a significantly wider audience than you could by yourself.
Once people find your postings, they will likely want to schedule a visit if they are interested. You can book these appointments with people yourself, but buyers are often uncomfortable looking at the house if the current owners are the ones guiding them. Real estate agents provide a greater level of objectivity. Also, having a person in the middle can help to better protect your safety and the safety of your house. Speak to your agent if you have concerns in that area.
Planning Open Houses
Inviting people who are interested in the home to come to take a look at an open house is a good idea. You can generate a decent amount of traffic that work. Coordinating one of these events without the guidance of an real estate agent Toronto can prove overwhelming and problematic. Let the real estate agents guide you through this process.
Whether you want to make your house look more appealing to prospective buyers or you want to increase the avenues through which individuals can view your home, working with an agent is a smart move to make.
If you are looking to buy or sell a home or condo, you should do so with the help of a real estate agent. Doing so can provide you with many benefits that can help you get the best possible deal whether you are looking to buy or sell. Let’s take a look at some of the specific benefits derived from partnering with a real estate professional.
Real Estate Agents Know How to Negotiate
Your agent has years of experience negotiating real estate deals, which will come in handy when it comes time to list your home or put in an offer on one. For example, your agent may be able to convince a buyer to forego an inspection or not hold you responsible for any issues that the buyer finds with the home. As a buyer, your agent may be able to negotiate sellers concessions or other concessions that save you money.
Real Estate Agents Can Show Homes for You
It is unlikely that you have the time to show your home whenever a potential buyer would like to see it. However, by hiring a Real estate agent Toronto, you have someone who can show your home and answer questions about it on the buyer’s schedule. This means that you don’t need to take off of work or otherwise give up your social schedule just because someone can only see the house on a Friday night or at some other time that isn’t convenient for you.
Real Estate Agents Can Discuss Financing Options With You
If you are looking to buy a home, you are going to need financing in the form of a mortgage. Your agent may be able to talk more about your financing options and which lenders or brokers to work with. While you never want to work with someone just because your agent suggested that person, it can be a good starting point for those who have never bought a home before or are new to the area.
Your Agent Is Your Advocate
As a general rule, your agent is your advocate regardless of whether you are buying or selling a home. He or she will make sure that the home you buy is the home that you want and need. If you are selling your home, your agent will make sure that you get a fair price and get the home off the market in a timely manner.
Never buy or sell a home without an agent by your side. While you may not look forward to paying this person a commission, the money you spend is well worth it considering all the guidance and advice that they give you throughout the buying or selling process.