3 Reasons to Hire a Real Estate Professional
1. Buying and Selling Real Estate Isn’t as Easy as 123
For Sale By Owner scams happen, and guess what – all the liability is on you. Everyone can make a mistake, and in such a detail oriented business, even the smallest mistake can cost you. Did you list your flooring as “hardwood” instead of wood veneer? That little mistake can cost you the replacement of all the wood flooring. We live in a litigious day and age, are you prepared to take on the full liability of selling a home?
Beyond that, there are numerous and evolving monetary scams. Are you sure you know where you are wiring your deposit money? Did you sign a contract and have an attorney review it? There’s nothing worse than putting down a large deposit on your dream home just to have it disappear!
2. Paperwork is Daunting
Contract paperwork can be daunting; contingencies, amendments and everything else that goes along with negotiations can take a lot of reversing, amending and restating contracts. Do you have the wherewithal to keep the documents updated and in order? Yes, you will always have your lawyer review the documents before purchasing…but you still have to write them!
The 2015 National Association of Realtors’ Profile of Home Buyers and Sellers showed that understanding paperwork was one of the most difficult tasks for FSBOs.
Depending on the state, there are a variety of legal forms that are needed, including but not limited to a sales contract, property disclosures, occupancy agreements and lead paint records.
3. For Sale By Owner Listings Statistically, Sell for Less
Homeowners selling by themselves simply don’t have the time to devote to the process, don’t know the market value, don’t understand market reports and don’t properly market the property. Are you prepared to deal with the plethora of leads from Realtor, Zillow, Homes, Trulia, FSBO, White Picket Fence etc…Your home will be on the great world wide web for everyone to see, ready to answer their inquiries? Are you versed in the local market trends? These simple things could put you in a disadvantage for negotiating your sale.
These simple things could put you in a disadvantage for negotiating your sale.
According to Amanda Riggs, Economist Commentary on Realtor.com in 2015 – For Sale By Owner Homes accounted for a mere 3% of total homes sold in 2015. Of that number, the median selling price was a mere 84% of the median selling price of the other 89% of all home sales, which were sold with the assistance of a real estate professional!
So when you are looking for a Real Estate Professional to help you meet your real estate goals, remember us here at The Bateman Group at Pall Spera Company Realtors where we define our success by your terms!
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