In the first blog of the Seller Guide Series I talked about why it’s a good idea for you to keep a close eye on your property values, as well as how we offer free, online market evaluations for everybody. However, in this one we’re going to be talking about what you should be doing if you’re actually thinking about selling your home. Now, understandably you may have some questions or you don’t know how to move forward because most people will 3-6 times in their entire lives, which is exactly why we created the Home Seller Guide.
An online market update is similar to an online preapproval, you would never go out and buy something just because you filled out a couple forms online on a banks website and they gave you a number of what you can actually afford. What you would do is meet with a mortgage specialist, you’d have them run your credit, employment check, ask you a bunch of questions, as well as answer any of the questions you may have. The same is true when it comes to selling your home.
If you’re actually thinking about selling the first thing you should be doing is contacting a real estate agent to come in and give you a market update. Which brings me to my next point, do you actually need a real agent to sell your home? The answer is no, there are many services out there that allow you to get your home listed on Realtor.ca and on the MLS and then when you get an offer you can your lawyer to review the paperwork and you’re good to go.
However, when you’re dealing with a real estate agent it’s not just for the act of selling. What does a real estate agent do? A realtor guides you through the entire process from start to finish and helps you deal with any hurdles. Real estate agents are problem solvers.
So what do real estate agents bring to the table? First off, we have a greater understanding of market conditions. I know what a house in Bowmanville should be listed for because I sold one just like it two weeks ago. We’ve already been through this whereas a seller hasn’t sold in 7-10 years. A lot of things can change in that time.
We help with pricing strategy, which as you’ll see in blog #5, is literally one of the most important aspects when it comes to selling your home. We also advise you on what updates you should be making to make sure you maximize the sale price.
Lastly, negotiation skills are one of the most underappreciated aspects when it comes to selling your home. Our goal as your agent is to sell your home for the most amount of money in the least amount of time and when a problem arises, to help you figure out how to deal with it as quickly as possible.
So you need to decide whether you’re comfortable trying to sell privately, or if you’re going to be hiring a real estate agent. Now before you decide that, let’s take a look at the numbers. The average days on market for a private seller on Realtor.ca was 50.3 days. The average days on market for a real estate agent in Durham Region was 27 days and the average days on market for us at Asparian & Co. was 12.3 days, if you were curious. Do you think that if you list your house for half a million dollars and you’re on the market for more than 30 days, you have a chance of actually getting asking? Highly unlikely. The longer you sit on the market the less you are undoubtedly going to get.
Regardless of whether you’re selling privately or not, you should still call a real estate agent. If you’re planning on selling privately, give us a call. We will give you one free consultation.
Let me know down below if you’re planning on selling privately moving forward or if you are going to be using a real estate agent. If you have any questions or comments, please never hesitate to let me know.
Click here if you would like a copy of the Home Seller Guide.