Home selling may seem like a very simple thing to do, but it's not. It is not just a process of deciding to sell a home and expect a hoard of buyers to fight over it. There are many factors that affect your success in selling your home successfully, and that includes getting or not getting professional help. Selling your home would be easier if you get assistance.
Here are some of the reasons why sellers cannot sell their properties successfully when they do it alone:
1. Listing issues
Keep in mind that only licensed brokers can create listings for you in the MLS. Sale-by-owner houses won't be viewable to agents and they are also unavailable on the internet.
2. What agents do
Normally, what happens in a real estate transaction is that the buyer's agent gets part of the commission the seller's agent received. Sale-by-owner homes do not have this kind of commission commitment, so the buyer's agent would be at risk of not getting paid. Hence, the lower chances of being considered by buyers' agents.
3. Overpricing issues
Most home sellers do not have access to actual figures necessary to come up with a selling price, which is why overpricing is a typical mistake most sellers make. This, in turn, hinders the home from being sold.
4. Legal matters
Real estate transactions require LOTS of legal complexities. Many homeowners who try to sell their own home without assistance may not know enough about the potential liabilities that they expose themselves to. It's fine if the liabilities are easy to fix, but there are possible issues that will cost you a big amount of money. Simply overlooking a form can already put you at risk of lawsuits once your transaction is closed, and that is just one example of a possible mistake a non professional seller can make.
As a whole, it's always better to get professional assistance, or at least, professional advice. This won't only assure you of a simpler transaction, this will also save you from legal complications.
