We now live in a world where everything we do involves the internet. Ordering food, hailing a ride, and doing laundry are done with a single click. But, not everything departed from their traditional ways. The technological shift that the world is undergoing left the real estate industry unscathed.
Although the internet did help in advertising listings, the whole process is pretty much the same since the last decade. It’s the same endless stream of paper works and contracts, weekly open houses and stressful negotiations. These are especially true for those who decided to sell their house on their own.
Selling your house, in itself, is already a difficult decision to follow through. The home where you built your family and created memories is going to be hard to let go of. Add to that the huge stress that comes with selling a house.
The need to be hands-on in putting your home into escrow is understandable. Since your home holds many memories, you want its next owners to be the best ones. There are also advantages to selling your own home. But, everything comes with challenges, especially with home sales done on your own.
Here are the reasons why you need real estate companies:
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Time is of the essence
According to surveys, homes for sale stay in the market for an average of 68 days (read more). This is with the help of a realtor’s advertising abilities and established network.
Braving the real estate market on your own will take you roughly 120 days. This comes with good marketing skills and advertising technics. You can also use cloud-based apps to widen your customer reach.
The hard part is the countless negotiations, offer rejections, and constant communications with different people for months—or worst, a year. All these efforts will take a lot of your precious time—time that you could have used in preparing for your new home; time you could have spent bonding with the family.
Employing the help of a real estate company helps you fast track your sales. Hire a realtor to help you with the complex processes or engage in their We Buy Houses Companies. Some real estate companies have this specific sector for fast buying and selling transactions.
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Money, money, money
Venturing the real estate market on your own may help you save that six percent realtor commission fee. Listing your own home also helps you save money during the closing time (https://www.valuepenguin.com/mortgages/how-to-sell-your-own-home). But, since selling a house is a new experience for you, there is a big chance that you will likely lose more money than save some.
The legalities that come with home sales are complex and confusing. Since realtors are doing this on a day-to-day basis, they know how to navigate this part even with their eyes closed.
Real estate transactions entail heaps of paperwork. Sales contracts and tax statements are hard to understand for someone outside the real estate industry. Realtors are also trained in the art of negotiation. They know their way around it and can produce an offer that benefits their client.
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Location Matters
The basic steps in selling a house are the same no matter your locality.
House location is also a big factor when it comes to selling. Your location and the homes around it have a bearing in the price assessment of your house. You will need a comparative market analysis to be able to establish a just price for your home.
A real estate agent guides you in assessing the current trends and pricing based on your location.
Another way is through the We Buy Houses program of some real estate groups. An online search can get you access to these fast-selling transactions that they offer. For example, if you live in Downingtown Pennsylvania, enter “Downingtown PA we buy houses” in Google. Then pick the company that suits you best.
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The Negotiation
Prospective home buyers also come with their estate agent in tow during negotiations. Having one of your own does not hurt. This way, both you and the buyer can agree upon an offer that does not compromise your house’s worth.
The negotiation process also entails contract signings. Hired agents know what to look and watch out for during legal matters. Your best interest is their utmost concern.
Conclusion
Home sales are tough both on your own and with a real estate company. Weigh the pros and cons and choose the option that benefits you the most.
