We all have an instinctive urge to save money in whatever way possible. From haggling with vendors to spending hours online looking for the best deal on a product, there’s no shortage of ways to save money. “The penny earned is the penny saved” resonates with this behavior, and there is nothing wrong with it.
As a result, when it comes to decisions and acts when we must choose whether to hire a professional or do it ourselves, we frequently allow our emotions to override our rational thinking and make the wrong decision. As a result, we lose more money and our peace of mind.
Two paths to choose from
On the contrary, there is another proverb by Vikrmn, “Excess of everything is worst; even if it is best otherwise.” One of the most common mistakes people make when trying to sell their homes is to skip the services of a professional real estate agent.
They may decide to “save some money” by forgoing the commission but, in doing so, deprive themselves of access to professional expertise and advice that is far more valuable.
Let me share the list of critical reasons you should always hire a professional realtor to sell your home.
Personal brand versus an established brand
Professional realtors a part of a franchise, represent an established brand that invests in marketing and public relations to build buyers’ trust.
So when you choose FSBO (For sale by owner), you compromise on the well-developed network of buyers that could fetch you the best price for your property apart from the goodwill they have created over the years.
Professional expertise versus personal knowledge
A realtor has gained knowledge by undertaking training and certification programs apart from acquiring experience in the field. As a result, they are well aware of all the legal formalities and documentation necessary for selling your property.
In the absence of expert guidance, you may lose time and effort while looking for the information and be more prone to make mistakes that will cost you monetarily.
Losing on qualified buyers
The fact is that buyers are looking for homes the same way for-sale-by-owner sellers are, sources say. They find a house they like and leave their agent a message.
Once the agent shows it, they do so through their own attorney, who handles the negotiations without the seller’s involvement if a buyer wants to make an offer. Unrepresented FSBO sellers have no more access to buyers.
Ignore them versus hire them
Realtors are motivated by their commissions and work at getting their clients’ homes sold in the quickest sales cycles possible. They should be flexible and get back to you quickly when you want feedback on an offer they received or do market research and find out that another home in your area has just sold for more than yours.
Professionals manage their time efficiently so that the process moves quickly without sacrificing quality.