Achieve a Quick Sale – How a Real Estate Agency Can Help You Sell Your Home

Real estate agents have house-by-house and street-by-street experience. They know what makes homes sell and can help you make changes that appeal to buyers. Some sellers try to save on commission by selling their home independently, known as For Sale by Owner or FSBO. However, a recent study shows that FSBOs typically sell their home for about 6% less than similar properties sold with an agent.

They Can Help You Set the Right Price

When selling a home, getting it on the market at the right price is key. A good real estate agent will help you determine the value of your home by conducting a thorough comparative market analysis (CMA). This estimates what comparable homes in your area have sold for recently. It’s important to remember that the real estate market is always changing, so you may need to tweak your asking price based on new sales data. A real estate agent can also advise you on whether or not to make certain home improvements, which could increase your chances of a quick sale. Pricing a home is both an art and a science, which many people misunderstand. For example, if you overprice your home, it could sit on the market for months without interest from buyers. On the other hand, if you underprice your home, you may miss out on thousands of dollars in potential sales.

They Can Help You Market Your Home

A real estate agent has inside knowledge of how to market a property, leveraging online tools and other media to get a home in front of the right people. They also have current sales data and know how to price a home properly. Selling a home is time-consuming and requires the ability to field questions, host open houses and meet with potential buyers around the clock. In addition, you may need to hire a professional photographer to take quality photos or complete a deep cleaning session, which wastes valuable time and money. A real estate agent can save you the hassle of dealing with these issues and help you sell your home in 29 days for the best possible price. This is why they are worth the commission they will charge at closing.

They Can Help You Negotiate

Real estate agents in Troy, MI, are experienced and know what concessions can be made. They can help you determine a reasonable offer for the property and ensure you include all necessary contingencies (such as mortgage pre-approval and home inspection). Depending on market conditions, sellers may be willing to negotiate. However, they might only be willing to budge from their asking price if the house has been on the market for a long time or if they’re emotionally attached to the property. Your agent can help you determine whether a seller is willing to compromise by gathering information on the area’s pending and sold homes. They can also advise you on approaching the situation by putting an expiration date on the counteroffer. This strategy compels the buyer to decide and will ensure your purchase doesn’t drag on. It will also save you time and money.

They Can Help You Find a Buyer

A real estate agency can help you find a buyer by promoting your listing and bringing in new leads. They can also help you get a pre-approved mortgage approval, expediting the process.

Depending on local market conditions and how well your agent is marketing your property, selling a home can take weeks or months. If you need to get the desired results, your agent can restrategize with you. Most agents work with buyers and sellers, but some specialize in working with one another. A good buyer’s agent can save you time and money by finding homes that meet your criteria and budget. They can also run a comparative market analysis to help you determine an appropriate offer price for a property. They can also negotiate with seller’s agents to get you the best price on a home. They’ll even help you navigate the complicated process of purchasing a co-op or condo.

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