Posted on: 20 October 2021
Individuals can sell a property by themselves or through a real estate company. While "for sale by owner" deals look affordable, the chances of closing the deal are minimal. Here are the top reasons why you should reconsider selling a property through a real estate company.
Buyer Agents Prefer Dealing with Seller Agents
The presence of a seller agent indicates a level of professionalism in the transaction. Thus, buyer agents hesitate to deal with unrepresented sellers. Broadly, they view such a deal as unrealistic and risky. Typically, individuals selling their own homes are difficult to deal with since they may not fully understand the selling process. There is more likelihood of the dealing falling through due to unrealistic expectations and failure to follow critical steps. Thus, buyer agents avoid taking the hassles and risks of dealing with direct sellers without a guaranteed commission.
Real Estate Agents Prevent Emotional Sales
Real estate companies provide agents who can remain objective throughout the sale transaction. Ordinarily, selling a property is an emotional process that may lead to costly mistakes. For instance, you may overprice your house due to an emotional attachment or underprice due to a pressing need. When you sell a property through a real estate company, you get insulated from emotional decisions. Even when you are eager to sell, a realtor will avoid communicating desperation to get a high offer. Besides, you do not have to deal with rejection every time buyer agents decline an offer.
Access to Real Estate Knowledge and Experience
A real estate company provides valuable knowledge and experience in the property market. For starters, the company understands what it takes to make your property sell. For instance, they can assess your home for flaws and advise on necessary upgrades. Notably, they can connect you with key professionals such as valuators and contractors to get your house ready for sale. Then, the firm understands the legal processes, including preparing a seller's disclosure and sale agreements. This way, the firm protects you from legal risks like fraud and breach of contract. Next, the agents have the experience to weed out unqualified buyers by asking the right questions on qualifications and motivation for buying. Lastly, real estate agents are master negotiators who can protect your interests in a sale without risking the deal.
Property Marketing Support
The real estate company offers access to an extensive marketing network. Usually, an individual seller may still have the opportunity to list their home on various property sites. In comparison, real estate companies list your house in the multiple listing service used by agents. Importantly, they know which features and pictures to use that attract interested buyers. Besides, the company will create a dynamic and scheduled marketing plan using different channels like websites, blogs, social and mass media. Notably, the company will organize for property staging and showing to potential buyers. Such measures place the property in a large pool of potential buyers, which translates to increased demand.
Increase the chances of selling a property in the shortest time through a real estate company. Such firms have the capacity and experience to close property deals and deliver value.Share