The Value of a Real Estate Professional
Why hire a professional real estate agent to help you sell your property?
A professional’s insight in determining a pricing strategy for your property can keep you from missing an opportunity by undervaluing or wasting time by overpricing.
Experience evaluating competing properties and market trends is a first ingredient for the best transaction experience.
- Preparation: Your agent is skilled in recommending repairs or cosmetic work that will minimize time on market and maximize both prospect interest and sales price.
- Exposure to the public: Your agent will know best how to use flyers, open houses, and especially mailing to and meeting with ex-clients and other qualified buyers. The National Assoc. of Realtors studies show that 82% of real estate sales are the result, not of advertising, but of agent contacts through previous clients, referrals, friends and family, and personal contacts.
- Exposure to other industry professionals: Your agent will utilize a Multiple Listing Service. Once your property is listed, it is statistically likely the buyer will be the client of another agent associated with yours.
- Advertising (Media and Frequency): It takes experience to know what works in advertising. Ads generate phone calls to the real estate office but statistically have minimal effectiveness selling a specific property. Overexposure of a property in any media may give a buyer the impression the property is distressed or the seller is desperate.
Working with a real estate agent ensures supervised showings. You can instruct unchaperoned buyers to call your agent for an appointment so they can be prescreened. You will be safe and you can do your final polish before the showing.
Most buyers prefer to negotiate with someone they perceive as unbiased, not emotional, and professionally trained. They are more likely to express objections to agents with the hope of resolution, when they otherwise might move on to another property rather than talking to you directly.
Monitoring, Renegotiating and Closing or Settling
- Overwhelming volume of steps: The process of appraisals, inspections, and financing involves a lot of possible pitfalls. There are many required legal forms and processes.
- Experience reading and following escrow instructions: Instructions must be clear and complete. Your agent is the best person to objectively help you communicate these issues and move the transaction to closing (or settlement).
- Inspectors and other professionals: Your agent can meet specialists and negotiate regarding repairs needed to complete your contract. Industry contacts provide resources for work persons in many areas with knowledge as to their historical skill and reliability.