Thinking about selling your house?
Think you will save money by trying it on your own and without professional representation?
The desire to sell your own home comes from wanting to save money. Many people estimate how much their home is worth and then figure somewhere between 4 to 7% of that would be paid out in commissions to call up their neighborhood real estate pro. The thought of paying 5, 10, 15 thousand dollars to have someone sell the property for you sometimes seems excessive.
I agree, it is a substantial amount of money. However, there are some reasons that paying this commission can be the right decision.
1. Listed homes sell faster
-while there are no great sources for facts on for sale by owner properties, the reality is that the majority of them eventually give up or else eventually call in professional help, often after an average of 60 to 90 days. In the Lethbridge market, a properly priced home listed on MLS and marketed reasonably well, can expect an offer in less than 30 days.
2. More Money
-Listed homes almost always sell for more money than comparable for sale by owner properties. This is due to the fact that the home is exposed to more buyers and also to the best type of buyers. The best type of buyer is not the guy who lives down your block, it is someone who needs to buy asap, often a relocation or someone who has just sold their home. These people are working with a real estate professional 100% of the time. If you want to sell your house to a motivated buyer who will pay top dollar for the right home, you need to get it in front of these buyers. Listing it is the only way.
3. Advice, Knowledge, and Insurance
-I like to throw all 3 of those in the mix. A professional real estate person will know the value of your home in the current market, The should be aware of what you can do to the property and for marketing in order to achieve maximum selling price and to attract the best offers. Also, licensed real estate professionals carry insurance which helps to protect YOU should there be something unfortunate happen during the transaction. This insurance alone can often be well worth the value paid in commissions.
When I sell my own real estate, I use a real estate professional to help me, even though I could do it myself. I also pay top dollar commission and price my property to sell. My listing attracts both real estate professionals but also the best buyers in the marketplace. Keep in mind, any real estate person can list your home, but only the best real estate people can get you maximum dollar for your property in the least amount of time.
Call me anytime for no obligation conversation about your real estate needs. This is what I do! Let me show you how to maximize the dollars in your pocket by making smart real estate decisions.
Robert W May is a Real Estate Broker in Lethbridge Alberta, having now been in the industry for over 23 years. . He was also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta for the past 10 years. He is an industry leader always willing to help train and educate others in how to improve their business models for financial and personal benefit.