While there are aspects that seem appealing about selling your home without an agent, those perceptions and assumptions usually end up being fruitless compromises instead of savvy tactics. Today, we are going to debunk some of the assumptions associated with selling your home by yourself and tell you the value that real estate agents can offer you.
“I Can Sell My Home Faster by Myself.”
The reality is, in most markets, homes listed with an agent sell faster than those that are not. In fact, the vast majority of people buy houses through an agent who’s using traditional sales negotiating tactics and elite selling strategies (87 percent). Furthermore, these buyers looked at a median of 10 homes before making an offer on one.
If you list your home without an agent, chances are you will have fewer people looking at it. And even if you do get people to look at your home, they will likely be the ones who are also considering homes listed by agents – meaning you will be competing against listings that have already been vetted by real estate professionals.
The moral of the story is that if you want to sell your house fast, listing with an agent is your best bet.
“I Can Sell My Home for More Money by Myself.”
You might be able to get away with charging a higher price when you list your home without a real estate broker, but it will eventually come back to bite you.
Let’s say you list your Las Vegas, Centennial Hills, or North Las Vegas home for $50,000 above its market value in an effort to make a larger profit. What usually happens, in this case, is that your home will sit on the market until you finally lower the price to where it should have been listed in the first place. There’s rarely a quick sale on an overpriced home listed for sale by the owner.
What can also happen is, especially in today’s crazy market, even if a buyer makes an offer at your higher asking price, their lender will most certainly send an appraiser out to place a value on your home before they lend the buyer any money. If the home appraises low, your buyers won’t be able to purchase the home for as high of a price as you’re looking to sell for. Many FSBO (for sale by owner) sellers go through the draining cycle of accepting offers and having them get rejected over and over by the buyers’ lenders.
Remember also, many buyers are smart and informed these days. They know what homes in your neighborhood are selling for, and they will be turned off by an overpriced listing. Not to mention, agents have access to data that can help you price your home correctly from the start.
You should check out the current fair market value of your home before listing it, so you can get an idea of what kind of profit to expect from selling. Clark County Market Values is the top dog in the Las Vegas real estate industry, and they offer a quick and easy online home valuation tool where you can find your home’s value in just minutes!
“I Don’t Have to Do as Much Work if I Sell My Home by Myself.”
If you want to get top dollar for your Las Vegas home, there is a lot to do. Granted, even if you hire an agent, you will need to do your part, but you’ll invest so much less time and effort by hiring experienced real estate professionals.
While it is the agent’s job to list and market your home, there are some things that only you can do. For example, you need to make sure your home is presentable before showings. This means decluttering, deep cleaning, and making necessary repairs. You likely won’t have to do all the repairs, but you have to do enough. On the whole, though, an agent will carry the weight on their shoulders. Marketing your property and making it presentable and appealing to buyers takes skills, savvy, and lots of time. They’ll have easy access to home stagers, photographers, handymen, and more.
Should You Hire an Agent or Go It Alone?
The bottom line is that going the traditional route by hiring a real estate agent will help you sell your home faster and for more money. So, if you’re ready to list your home, contact a local realtor today!
If you list your home without an agent, chances are you will have fewer people looking at it. And even if you do get people to look at your home, they will likely be the ones who are also considering homes listed by agents – meaning you will be competing against listings that have already been vetted by a professional.
The moral of the story is that if you want to sell your home fast, listing with an agent is your best bet. They have the best selling strategies and they’ll be able to sell your house fast and for top dollar. To find the current market value of your home, visit the Clark County Market Values website and use their quick and easy online home valuation tool.