Questions To Ask A Realtor As A First-Time Home Buyer For Sale By Owner: 14 Questions To Ask Yourself Before Attempting

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For Sale By Owner: 14 Questions To Ask Yourself Before Attempting

The number one reason home sellers try to sell their home themselves is to save money or to facilitate a non-conventional arrangement with a buyer for an unusual reason. Regardless of motivation, it’s important to ask yourself these questions so you have an overview of what your home sale will entail. If you have additional questions about selling your home, contact a local agent for a free consultation. Also, don’t hold back if you don’t like the first one you meet. It is normal for a seller to “market” for the right agent. Buying and selling homes can be one of the most important transactions of your life and both you and a potential agent should treat it as such.

Have you ever asked yourself…

1. Do you have the knowledge, time, and sales skills needed to sell your home?

2. When a potential buyer makes aggressive offers, can you negotiate strategically for yourself?

3. Do you know how to analyze market data and similar homes to determine the proper value of your home?

4. Are you aware of real estate trends that may affect the sale price and time to sell your home?

5. Do you know how to understand the buyer’s finances and qualify for a loan?

6. Do you have concerns about letting strangers into your home?

7. Are you knowledgeable enough in real estate contracts to create a legal contract, obtain all necessary documents and signatures, and include counter-offers according to regulation?

8. Did you know that without a realtor, you are basically taking your home off the market every time you leave your home?

9. Did you know that many professional people and services are needed to close the sale including an escrow and title company, home warranty company, pest control and inspection services, and a lender? Do you currently have these relationships in place?

10. Do you know if you need a real estate attorney to help with this transaction, how much it will cost, and how much liability they will accept?

11. Do you have experience in marketing, especially in real estate, and the funds to allocate to your strategy?

12. Did you know that potential buyers may expect you to lower your price because no realtor will pay the commission fee?

13. Did you know that there are advantages and disadvantages to the seller depending on which type of loan the buyer chooses?

14. Are you willing to spend more time, in the evenings and weekends when it is most convenient for potential buyers, to show your home?

Before you decide to sell your home yourself, consider the benefits that a realtor can provide that you may not be aware of right now. Since transactions facilitated by a realtor typically sell for 15% higher price points, the benefits you receive from paying your realtor their average 6% commission are often even greater. on the benefits of selling your home alone.

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