You finally decided to
sell your home. However, you are undecided to use a licensed realtor or to sell
it yourself. You figure you can save a lot of money by selling it yourself.
After all, your home is located in Orange County, California a high demand
area. All you feel is needed is to just
get it in front of 1000s of real estate agents. Real estate agents are overpaid
and don’t know more than you do.
Tip
#1
Hire a Local Real Estate Agent
Hire a Local Real Estate Agent
This kind of thought
process is what creates a lot of mistakes, cancelled escrows, and potential
lawsuits by you or the home buyer. I could go into the many ways this could
happen during the signed contract phase or even prior to contract but that is for another day.
Quick Facts:
Statistics show that selling your home with the assistance of a professional real estate agent will reward the seller handsomely with a higher profit than if they tried to sell it on their own.. Moreover, the difference is enough to pay the commission to the listing agent along adding “more money” in your pocket.
Statistics show that selling your home with the assistance of a professional real estate agent will reward the seller handsomely with a higher profit than if they tried to sell it on their own.. Moreover, the difference is enough to pay the commission to the listing agent along adding “more money” in your pocket.
88% of buyers purchased their home through a real estate agent or broker which is from 69% in 2001.
Data
shows that approximately 90% of FSBO’s end up listing their home with a Realtor
(yes, 90%).
So, use
a local real estate agent.
Tip
#2
Get Your Home Inspected
Get Your Home Inspected
Prior to listing your
home for sale and to avoid the buyer renegotiating during the contract phase,
have it inspected by a well-known Orange County home inspection company. You don’t want the
buyer asking for a price reduction to fix something.
Did you know that buyers tend
to ask for an excessive amount on something that may cost $250 to repair yet
they want a $1,000 price reduction? If it costs $500 to repair, they want a
$2,000 - $3,000 price reduction.
If they want it repaired
during the contract, you are usually paying a hefty premium for a quick
turnaround than if you had it inspected 2-3 months prior to listing, you can
conveniently shop around.
In some instances, the
repair can be a deal killer. So, if you
want a better return on investment (ROI), have your home pre-inspected before
listing it for sale.
