When you opt for FSBO (for sale by owner) strategy to sell your home, you may feel that this approach will save you some money. After all, you can avoid giving commission to a Mississippi real estate agent with this approach. Unfortunately, nothing could be further from the truth. Selling your home yourself is not advisable for several reasons. Let’s take a look at some of the most prominent ones.
1. Most Realtors are not interested in “For Sale by owner” homes
Mississippi Realtors know that in FSBO deals they have to deal with inexperienced homeowners instead of a professional. So, they usually discourage buyers from purchasing such properties. They usually cite the risks and hassles involved in closing such deals. Therefore, if you want to get the best price for your home, hiring an experienced real estate agent makes better sense. Additionally, it will also make sure that you won’t miss any crucial steps in the process.
2. Agents Can Help Avoid Emotional Mistakes
Having an experienced agent at your disposal can help you avoid making any emotional mistakes, such as refusing to accept a low offer or overpricing your property. A Mississippi realtor approaches buyers professionally without showing any sense of desperation or eagerness.
Secondly, if a homeowner is not able to sell his/her property, they wouldn’t know the reason behind it. An agent, on the other hand, can help you deal with rejection positively. Instead of pointing out defects in the property, an agent relies on constructive criticism to help homeowners sell their homes faster.
3. Real Estate Is a Time-Consuming Job
Can you let the incessant phone calls from buyers interrupt your important meetings every day? After a hard day at work, do you still have the energy required to tap every selling opportunity available on the market? And most importantly, do you have the skills and expertise to market your home properly? If your answer to any or all of these questions is a no, a trusted real estate agent can prove to be a boon to you.
4. Access to a Large Network of Buyers
Well-established agents usually have a large network of clients and other agents that they can use to attract a large pool of interested buyers with a few phone calls. A lesser number of potential buyers translate into less demand for your home. This could also mean a delay in selling your home and not getting the price that your home deserves.
A reputable agent has a large database of names along with contact details. So, they can spread the word quickly about their listed properties. They also know how to make the most of Multiple Listing Services (MLS) and websites like Zillow, Craigslist, and Redfin.
5. Price Negotiation Skills
Price negotiation in real estate is more of an art than an agreement. It takes a lot of skill and experience in negotiating a property sale. Your buyer’s agent is likely to be more experienced and skilled than you in negotiating home prices. So, you’ll be at a major disadvantage if you don’t hire one with more experience. Most agents are aware of the warning signs of a disingenuous and nervous buyer.
Sellers who want to sell their properties on their own usually are not aware of the local market conditions. Experienced agents, on the other hand, are familiar with the pulse of the buyers and what is in demand currently. This gives them an edge over naïve homeowners. Moreover, agents are familiar with the local customs in the real estate market. For instance, they can tell you who usually pays closing costs and transfer taxes, etc.
6. It’s Safer to Use A Realtor
Let’s face it, today’s world is not what it once was. In rare cases selling a piece of real estate has resulted in personal injury. These are extreme cases but why take the chance just to possibly save a few dollars. Statistics prove selling real estate using a real estate broker will bring you more money than you could get with a for sale by owner sale. I have personally been involved in over 1,000 real estate closing and I have seen some get very heated for various reasons like a right of way issue, heir property, property line dispute.
It’s just safer and most likely more profitable to let a qualified Mississippi real estate broker sell your land or home.
There you have it – some of the main reasons why you should hire a skilled real estate agent. For more guidance, feel free to contact our real estate experts today at Doug Rushing Realty.