Why You Shouldn’t DIY Selling Your House
Selling your house can be surprisingly time-consuming and challenging, especially if you’re doing it on your own. For starters, you’ll be inviting strangers to come into your home, open your closets and cabinets, and poke around, which can be awkward and problematic if you haven’t stagged the place properly. To top it all off, the buyer you’re considering may offer you less money than you think your home is worth. You could even make mistakes with the paperwork or lose the sale altogether. With no experience and a complex transaction on your hands, it’s easy to make errors when selling your house on your own.
The experts at Coldwell Banker Town & Country R.E understand that selling your home is an emotional process for you, and you want to make sure that it goes to a buyer that will appreciate it like you did. However, taking the process into your own hands can negatively impact your finances and, most importantly, your peace of mind. To help you avoid costly challenges, we have highlighted two reasons why you shouldn’t DIY selling your house.
1. Not maximizing your sale value
It may seem easy to figure out how much to sell your home for, but it’s not! If you price the property too low, you may struggle to get serious buyers interested in making an offer. To make the best decisions, you need to understand what’s driving home sales in your area. Things continue to evolve and change every week, and if you do not have this information, you might end up undermining the value of your home. Maximizing property sale value is an art form real estate agents are very good at.
2. Dealing with liability yourself
Unless you’re selling houses every day, along with whatever your normal day job is, you don’t have as much experience as a realtor. Without a realtor’s expertise to negotiate, you can lose a significant amount of money on one of the biggest investments you will ever make! Real estate is very faceted, and there are so many details that can go wrong and cost you tens of thousands of dollars. Your home is your largest investment, and if you don’t disclose correct information, market it to the right demographic, or know how to negotiate creatively, the consequences are immense. There are also many liability concerns if you don’t understand the laws and do’s don’ts of real estate.
Do things right - Hire a professional!
Experience can make a huge difference in getting your house sold quickly or having to drop the price because it’s been on the market too long. A realtor is going to know how to negotiate to maximize the value of your home, as they know how to navigate the market better than anyone else out there. But, make sure you hire a full-time agent and not a part-time one who isn’t available immediately when you have questions or needs. There are also some “professionals” out there who promise the highest price for the lowest commission. Do not fall for such scams. When hiring an experienced realtor, you need to look for a license. A professional realtor will have a state license.
Licensed realtors have received training, taken and passed exams, and have experience. They will know how to help you out in case a sale goes wrong. Also, with an experienced realtor, you will be able to take advantage of their contact list of contractors, mortgage lenders, inspectors, appraisers, etc., that they have created business relationships with. Most realtors make money through commissions. These commissions are negotiable based on a percentage of a home’s selling price.
As a leading realtor in Altoona, PA, Coldwell Banker Town & Country R.E specializes in helping sellers maximize their dollars by using innovative marketing and procuring the best buyer scenario possible. I bring twenty years of knowledge of the area and fierce negotiation skills. I am very perceptive to seller’s and buyer’s needs and offer the experience and expertise needed. I provide services with respect to the sale, purchase, and lease of property and serve clients across Altoona, Tyrone, Hollidaysburg, Warriors Mark, Port Matilda, Williamsburg, East Freedom, Martinsburg, Bellwood, Tipton, Spruce Creek, Claysburg, Sinking Valley, and the surrounding areas. To learn more about my services, please click here. To get in touch with me, please click here.