Do You Need a Real Estate Agent?

3 Reasons You’ll Be Glad You Didn’t FSBO!

FSBO SignEver since the DIY fad took off, amateurs everywhere have attempted almost anything all on their own. It isn’t shocking that a few homeowners are wondering, “Do I really need a real estate agent to help sell my home when I can try to sell it myself?”

Sadly, you will see many DIY fails on projects that are way less complex than selling a home. While it may seem amusing when a soufflé falls you won’t be much laughter when FSBO errors cost you thousands of dollars and months of time.

Selling your home is your real estate agent’s job! Attempting to sell your home by yourself is difficult when you’ve got your own job.

Are you equipped to answer all phone calls and questions from buyers? Can you always arrange showings and keep your home pristine? Are you knowledgeable enough to evaluate offers, make counter offers, and negotiate all on your own behalf? Can you do all the above while keeping up with the demands of your regular work day?

The must do list of an FSBO seller is demanding and endless. Fortunately, a real estate agent’s regular work day consists of taking care of that list for you. While you’re tied up with work and prepping to move, your agent is busy working to coordinate with buyer’s agents and negotiating the best offer for your home.

Knowledgeable real estate agents devote countless hours to marketing, networking, and actively selling their listings. A frequent misunderstanding is thinking that a real estate agent just puts up a for sale sign and everything is done. FSBO sellers don’t understand that you’ve got to get prepare the home, market it, and much more.

Successful real estate agents will financially invest in marketing your home and will make sure that your home shows marvelously. They do this by paying for various things such as professional photography and quality staging. The amount of time and work it requires to sell a home FSBO is exactly why not many even try.

Now, let’s get down to the basics as to why utilizing a real estate agent is the logical choice.

#1 – A real estate agent is essential for prepping your house for sale.

RE AgentYou might take a glance at your home and feel that it’s in outstanding condition, but homes that are sold as-is will receive as-is offers, despite how excellent their condition is.

Real estate agents know that making modest investments in home improvements can increase the value of your home by 35%. Regrettably, some FSBO sellers will invest funds on upgrades that will not increase the home’s value enough to cover the money they have spent on those upgrades.

Just like each home is unique, so is each real estate market. Even if all the research you have accomplished is telling you that certain upgrades are guaranteed to increase your home’s value, that may not be true for your area.

A knowledgeable, experienced, and local real estate agent that has plenty of active listings will know what improvements or upgrades are going to be worth your investment to help your home sell.

#2 – A real estate agent will help you set the right listing price.

Listing PriceExperienced real estate agents know that listing a home at the right price is one of their most important tasks. If the price is set too high buyers will not come look at the home, which obviously means they won’t make any offers. If you lower the price too soon or too often, buyers and their agents will assume there may be something wrong with the home and only submit lowball offers, or no offers at all.

Regrettably, some FSBO sellers still believe that they will know how to price their home without assistance. Some sellers feel that they know the value of their home, but most often an FSBO home is priced incorrectly and as a result they get an even lower offer when it finally does sell.

Your real estate agent will examine numerous details to find your correct listing price, for example: regional and local market trends, nearby comps, days on market, upgrades, plus seller concessions (closing costs, home warranties, credits for repairs, etc.).

#3 – A real estate agent is your go-between.

FSBO sellers frequently feel hopeful enough to make improvements and listing price decisions without a real estate agent’s support. They often mistakenly think that pricing and prepping are the roughest part. Then they may pay a listing service to put their home on the MLS, believing that’s all they need to do to get their home sold.

ContractBut there are numerous more things that need to occur. Without a real estate agent, you won’t have anyone to advise you through the process. When you list your home with a real estate agent, they will be your go-between through the entire home sale process.

Your real estate agent will negotiate the sale and renegotiate after the inspection and appraisal occur. They will be working to find concessions that won’t cut into your bottom line.

Having a real estate agent to be your go-between isn’t just essential during the closing process, but you will need that buffer as soon as your home is listed. If you don’t have a real estate agent, then you won’t have anyone to arrange showings or even put a lockbox on your home. Rather, you will have to be present at every showing and you’ll won’t have any way to evaluate those buyers.

Are you as an FSBO seller willing to just open your home and let anyone who calls you walk through? That is one of the many reasons why you need a real estate agent. They provide privacy, protection, and facilitation of the transaction for a stress-free closing.

Buyer’s agents realize that FSBO sellers are emotionally involved in the selling process. When a FSBO seller plays hardball during the negotiation process, they may be labeled as a difficult seller who is not willing to be flexible and thus end up walking away from the deal.

When you list with a real estate agent, you will have them as a buffer between you and the buyer and you can prevent any emotional negotiation disagreements.

Are you still wanting to DIY with being a FSBO seller? Now at least you are aware the risks. But the bottom line is if you desire a uneventful sale that will bring you the best profit then you definitely need to hire a local and knowledgeable real estate agent.

One Level Custom Luxury Home – Mount Vernon

Welcome to 18083 Peregrine Lane – Mount Vernon

This stunning home is located almost at the top of the Cascade Foothills overlooking the beautiful Skagit Valley! It’s private gated driveway leads to this impressive and elegant one level custom home.

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Behind the gated entry you will find almost 5000± sf of luxury all on one level situated on 4.5± beautiful acres. Every detail of this custom home was carefully thought out with casual and formal living and entertaining spaces all which capture the breathtaking views and Koi pond. The spacious master suite is located in the private wing. Easy I-5 access! $2,151,500

Enjoy breathtaking views of the Skagit Farmlands, tulip fields, Olympic Mountains, Strait of Juan de Fuca & San Juan Islands while lounging on your patio in this very private estate.

Driving Directions: I-5 N, Exit 224, right at stop sign, left at next stop sign onto frontage/Cedardale, to Hickox, turn right (east) than south on Stackpole, left on Cascade Ridge, uphill to Peregrine.

For more information on this home, please contact Jean Groesbeck at Jean@JeanGroesbeck.com or (360) 941-3734.

Carrie Warra Discusses How to Find the Right Loan

Carrie Warra of Bank of the Pacific gives us some information on how to find the perfect loan for you.

For a video with Carrie Warra speaking about appraisal and inspection, visit http://anacorteshomesblog.com/?p=4947 

To search for homes for sale in Anacortes, La Conner, or Oak Harbor, please call us @ (360)-293-4511. We would love to help you with your real estate needs whether you are looking to buy or sell your home.

This video blog is not intended to endorse any person, product, or company but is intended to help educate viewers on the home buying and selling processes.  The information provided is believed to be reliable but is not guaranteed by Coldwell Banker Island Living, nor do they add any implied warranties.