When Buying or Selling Your Largest Asset
5 Reasons To Hire A Real Estate Professional
Whether you are buying or selling a home, it can be quite the journey. You need an experienced Real Estate Professional to guide and advise you throughout the process. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.
The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to appraisal issues, a rapidly moving market and projections of higher mortgage interest rates.
1. What do you do with all this paperwork?
In Colorado, DORA (Department of Regulatory Agencies) has specific requirements regarding the contracts required for a successful sale. The real estate contract, disclosures and amendments are ever-changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.
2. So you found your dream house, now what?
I can give you a list of 200+ potential actions that need to take place during every successful real estate transaction. Don’t you want someone with experience and who knows what these actions are to make sure the transaction process goes smoothly?
3. Are you a good negotiator?
Maybe you’re not convinced you need an agent to sell your home. However, after looking at the list of parties/companies you need to negotiate with, you may change your mind. From the buyer or seller (who want the best deal possible), to the home inspection company, to the appraiser, to the lender, plus others you will have to be knowledgeable with and answer to during the process.
4. What is the home you’re buying/selling really worth?
It is important for your home to be priced correctly from the very start to attract the right buyers and shorten the days on the market. You need someone who is not emotionally connected to your home to give you the best advice as to your home’s value. According to the National Association of REALTORS, “”The typical FSBO home sold for $208,700 compared to $235,000 among agent-assisted home sales.”
Get the most out of your transaction by hiring a professional.
5. Do you know what’s really going on in the market?
There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?
Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one.
Real Estate Bottom Line
You wouldn’t replace the engine in your car without a using trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a Real Estate Professional?