14 IMPORTANT FACTS TO CONSIDER BEFORE YOU TRY TO SELL YOUR OWN HOME

 


 

Occasionally, one can see "For Sale By Owner" signs, and some owners think that selling their own home will not only save them money, but believe they have an advantage over the sellers that have their home listed by a reputable Realtor©. Before you decide to take on this very important and legally complicated process…remember not even most Real Estate Lawyer's recommend selling your own home yourself in today's market. Here are a few of the reasons why:

1. You are limiting your exposure to potential buyers (less than 10% of what a good real estate broker will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.

2. The longer a home is on the market the lower the selling price is. Why? Because most buyers think that if the home has not sold after this long... there must be something wrong with the home.

3. The selling/buying process begins AFTER the buyer leaves your home. Most sellers think that all it takes is for someone to see their home, fall in love with the great decor... and the offer automatically will follow. Remember that the buying process begins after they leave your home. If a real estate sales representative does not represent the buyer, and they are looking on their own…they usually leave the home and start to talk themselves out of the buying process. If the buyer is represented by a real estate professional Realtors© are trained on how to overcome buyers remorse--a very common occurrence.

4. Because of the limited exposure you will very likely end up with a lower selling price. Remember, in order to generate the highest price possible for your home… selling means exposure. You need the maximum exposure possible, to generate the highest price possible.

5. Most buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties.

6. Lack of negotiating experience and lack of pertinent information often will result in a lower selling price, or worse yet, a bungled contract and possible lawsuits.

7. The majority of qualified buyers are working with experienced real estate professionals.

8. Many serious buyers will pass by a FSBO home merely because they recognize that it is not in the real estate mainstream, this can some times make them wary.

9. As most local buyers now retain an experienced real estate sales person to represent them as their buyer-agency, you will probably be negotiating against an experienced professional.

10. Expected savings in broker's fees will also be greatly reduced if you offer a selling commission to entice real estate sales representatives to bring potential buyers.

11. If you are planning to use a Lawyer to help you negotiate the offer, then your lawyer's fees will be considerably higher.

12. Only real estate sales representatives have access to the up-to-date market information. News reports cannot approach the timeliness or specificity available to real estate sales people. Further, real estate sales representatives are involved in home sales much more frequently than the average homeowner is. This familiarity leads to a degree of expertise that provides an edge on negotiating and successful selling.

13. You only pay the commission to the real estate broker, if they successfully sell your home at the price you are happy with.

14. Accepting an offer is one thing, ensuring a safe and successful closing is quite another. Real estate transactions usually always have problems on closing. At times, expecting the Buyers and Sellers Lawyer's to fight it out or resolve the problems, can sometimes mean the deal is lost. This is the time that your experienced real estate professional, can be the most important. Your Realtor© can act as a great mediator. Lawyers MUST act only on their client's instructions and are not paid to negotiate.

What are the Good Reasons to Use a Real Estate Agent When Selling?

  • You do not have time to leave your job during the middle of the day to help the buyers arrange financing, help with showings, nor do you have expert knowledge of the current loan market.


  • The average visitor will not admit freely to you his likes or dislikes, yet these items must be brought into the open and discussed.

  • You cannot "follow-up" since this will immediately be interpreted as ' you must be in a hurry to sell ".  I can easily make these calls for you and receive sincere and honest feedback, they have no problem telling me their 'true' feelings about your house.

  • I am much more aware of the tastes and requirements of the buyer and have first hand knowledge of competitive values in your neighbour.  This helps you with your sale.

  • The buyer will be timid about discussing his financial status with you, and you are similarly reluctant, but not with me.

  • You may make needless outlays to improve your property for selling; my experience can save you from incurring unnecessary expenses.

  • You may show your home to 100 would-be buyers, spend your time, money and effort and eventually pay a commission to an Agent who properly screens prospective buyers.

  • You may accept an insincere offer and then spend months in litigation in order to free your property so you can put it on the market again.  You may find buyer's and seller's personalities conflict, thereby losing a good sale.  When I act as a third party, I can diplomatically negotiate and help consummate the sale.

  • I will enlist the services of fellow real estate salespeople, which gives you the advantage of my entire local sales force of 3,000 agents and their buyers and the national sales market of well over 100,000 agents!

  • You have only one property to show (yours): whereas all of today's properties are purchased after a thorough comparison of other properties.

  • I will help you price the property to sell at a fair market figure.  The average owner overprices, but often accepts a price far below the market value.

  • "For sale by owner" sign or ad says curiosity seekers and " low ball offers " welcome.  I will screen the people who are 'just looking' from the qualified buyers.

  • I guarantee my work.  I only get paid when your property is sold and you have received your proceeds from the sale.
     

    What's your home worth?

     

    If you're interested,
    Jimmy can provide a
    Complimentary Market Analysis
    of your home to you without charge or obligation.

    Online or By E-mail  or By Phone (905) 575-5478
    (See website for details )

     


     

    P.S. : Of course, there are "Jimmy's 5 WRITTEN Guarantees" just in case you are not convinced yet that Jimmy is the right Agent for you!

    Dear Home Owner, -I respect your privacy but if you have any question or enquiry , please fill & e-mail me the form below. I'll promise to answer you personally within 2 business days. Thank you !



 

 

 

 

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