While being able to sale your own home may seem like a great idea, it can be an very hard process that may leave money on the table. Most orange county homeowners do not possess the skills needed to sell a home successfully. Not to mention, the very hard aspect of professionally marketing your home to attract potential buyers. Below are some things to think about should you think of selling your home on your own.
One of the main reasons why selling your own home is not a good idea is that more than likely, you may overvalue your home. It is true that most homeowners often think that their home is much more valuable than it may be. A lot of times when home owners try to sell their homes, the prices that they come up with often includes memories and sentiment behind their price decision. Overpricing your home will cause the house to sit on the market for a long time, resulting in time and money wasted. When this happens we often meet people who become so frustrated by the process that they either call us or end up selling their home far below what they should have.
Undervaluing is also a problem we see, where many for sale buy owners leave money on the table and do not get the right price for selling their home.
Having a realtor will make sure that a mistake like this does not happen, and that you get the fair market rate amount for your home. When we price homes we take many things into consideration, and we have a 90 day sell guarantee,* so having your home sitting on the market isn’t something you’ll have to worry about.
Real Estate Laws
Most people don’t know, but selling a home on your own opens you up to all the risks associated with real estate. If not done correctly, you could find yourself in some type of lawsuit during the process. There are strict requirements and guidelines that one must follow when trying to sell their own home. A realtor will have the necessary experience and knowledge to make sure that you meet those requirements and keep you out of a lawsuit.
During the home selling process, it will be necessary for you to show the home. You will have to coordinate everything, take time away from work to give people tours, and know what to say to sell your home. Moreover, you would have to make sure these people are who they say they are.
When selling with a real estate agent, you can be confident that strangers will not be allowed into your home. All potential buyers are pre-screened by your realtor. Not to mention, when prospects visit the property, your agent will walk them through your home in a professional manner, highlighting the aspects the buyers are looking for and showcasing your house in the best way possible. You would not be required to take time out of your day or off from work to meet people during the selling process.
When you have a potential buyer, they may have demands. They may try and get you to make repairs, update rooms, or even reduce the home because things need to be fixed. Furthermore, they may ask specific market related questions that if unable to answer can make or break deals. When using a real estate agent, this is something you do not have to worry about. Agents are constantly negotiating for their clients and are able to make sure you do not get taken advantage of. They possess the knowledge to have any questions answered and can assess work needed and cost reductions that are just and fair.
The Paper Process
Many things can happen in the final stages of selling your home that may cause a deal to go sour. There are things that can arise that if not trained in the field, you may not know how to handle. An orange county real estate agent is prepared for the unexpected, which can not only help save deals, but get you top dollar in the process. They know all of the do’s and don’t of the game to help you avoid possible problems during this part of the transaction.
Remember, when you are trying to sell your home, the paperwork can be overwhelming running many many pages long. Apart from that, you also have to worry about all the disclosures that are mandated by the federal and state government. One mistake on these, and the deal could become invalid. If that were to happen, you’d be forced to end the deal or spend the time and money redoing all the paperwork and goring through the entire process over again.
If you are trying to sell your OC home and you are not a realtor yourself, you will be surprised by what you get just from hiring a professional who is experienced in this area. If you have your home on the market or plan on selling soon in the Orange County area, give us a call. We can come out and speak with you for FREE. You have nothing to lose. Let us prove to you why we’re not only the best (why work with us), but how we can add value and make sure you get top dollar for your home and the process is quick and smooth.
Call now! (949) 682-9930 and have a team of professional OC real estate agents working for you!