Hiring A Sellers Agent Can Help Minimize Home Selling Risks
Posted on: 5 October 2022
Did you know that selling a home can be a risky process? Selling a home could result in you earning less for your home than you should or facing a scenario where the deal falls through at the last minute. Yet, the more important question is — did you know that many of the risks can be avoided? A partnership with a home selling agent can help make this selling process smoother. Learn about a few of the risks you can avoid, and how.
Slow Sales
Typically, when an owner puts their home on the market, they have a goal in mind about when they want to have the transaction finalized. This goal may be rooted in their ability to purchase another home or to meet the deadline for an upcoming job transfer, whatever the case when it takes longer to sell your home, it is never good.
Agents can help you sell your home faster by relying on their knowledge and experience. Whether it is knowing who to market your home to or what markets to advertise your home in, an agent can help get your home off the market faster.
Market-Backed Value
In a perfect world, homeowners could come up with the price they want to sell their home for, and buyers would accept their figure with no questions, but things do not work this way. When owners sell on their own, they run the risk of pricing their home too low, which might lower their profits, or too high, which might deter buyers.
An agent will help you price your home based on the current market so that you can price your home at a point that maximizes your profit, while also maximizing the number of potential buyers interested.
Amicable Contingencies
One overlooked element of the selling process is contingencies. When the market favors buyers, buyers might ask for anything from new flooring in the home to pre-paid home warranty package for a predetermined amount of time.
Sometimes these contingencies cause minimal, if any, issues for the seller and, in fact, help speed up the selling process. However, sometimes, they put the owner in a bit of a hardship. With an agent on your side, he or she will ensure any contingencies benefit both parties.
If you have plans to sell your home and you do not have an agent, be sure to speak with a home selling agent to learn more about how they can help.
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