If you are wondering if you should sell your house for sale by owner, then you obviously are asking because you want to save as much money as possible. Premier One a Charleston SC real estate firm, says regardless the market, without the help of a professional such as a Charleston real estate agent, you run the risk of not only having the house stick on the market too long, it could wind up costing you more money in the end than had you simply called a realtor.
Here are some of the reasons you should carefully consider working with a local real estate agent.
When you try to sell the house without a realtor, you better hope you get a buyer fast because as each month passes and the market drops, you are going to be chasing the market and before you know it you will have dropped the asking price several thousand dollars. Had you called a realtor, they could have used their expertise to get a qualified buyer in the door at full asking price.
If you are going to try and sell the house without the help of a real estate agent, you are going to be responsible for all the contracts, the legalities, and making sure those potential buyers all qualify for a mortgage. If you are letting people bid but they don’t qualify and can’t get a mortgage, you are going to at this for a long time.
The longer the house is on the market, the more work you are going to have to do to get anyone to make an offer. What you have working against you is buyers can see if a house in on the market too long, and will simply play the waiting game. When you are working with a realtor, they will aggressively be placing ads in several publications at no cost to you, to get as many qualified buyers in the door as possible.
As the offers start coming in, your realtor is already at work making sure the closing is in order, the inspections are lined up, and the walk-through are all set up. These are the things you will have to be doing on your own, not to mention hosting your own open house, and being there to show the house each time a buyer calls day or night.
Now you understand why it is a smarter move going with an expert real estate agent in your corner because too much can go wrong otherwise.