With all the technology out there for home buyers and sellers, do real estate professionals really matter anymore?
For buyers, the investigation you can do on the web and with the phone is amazing. Apps like Redfin and HomeSnap will allow you to drive down a street, take out your smartphone, aim it a home and snap a photograph. Based on your GPS coordinates, the apps will show you all sorts of things with that property. You don’t even must know which street you’re on!
So the information revolution is empowering those who are searching for a home. Simultaneously, a Choice Home Warranty survey discovered that more than two-thirds of Americans don’t trust buy house for sale.
Real estate professionals are salespeople. They try to have the deal done. Sometimes a real estate agent must be part shrink and part salesperson to shepherd an agreement across the finish line. Maybe times you could think that an agent is not really there for you personally simply because they try to obtain the deal done.
So time and again, I have the question: Because of the technology on the market to assist you to and have you listed on the MLS, should you really conduct a FSBO (for sale by owner)?
My answer depends. If you possess the personality of a merchant and may begin a properly-planned sales and advertising campaign; when you can drop everything to sell the property; if you can have thick skin each time a potential buyer looking in your home disses your decorating or whatever it could be, then perhaps you’re OK to try to sell your home yourself.
But selling your home yourself is not only obtaining a ‘HOME FOR SALE’ register the yard. You need to have a sales plan. And also be smart regarding it: Regardless of whether you’re attempting to cut the commission out, always put ‘Agents Protected’ on your own sign.
A compromise could be other options out there like the hybrid services from RedFin and YourIgloo.com (a flat-fee MLS listing service) which allow you to pay fees or much lower commissions for any package of services or for individual services. For instance, maybe you’re busy and desire the company to complete a showing for yourself, then you certainly pay a fee for that. I believe the hybrid methods beat the true FSBO route.
What’s a good time of the year to list your property?
People often consider listing a home sometime during April, May, or June. The idea is that listing in the spring during prime selling season will get you the best price.
Yet syndicated financial writer Kenneth Harney says that’s actually not true. In city after city, starting a fresh listing during winter will actually allow you to get a higher amount of money for that sale of your property typically. Every home is different, naturally.
This is because home values dexkpky60 peak at the end of winter/early spring if the least variety of properties are available on the market, but folks are already out looking.
So you’ll make more money by avoiding the normal wisdom.
On the other hand, older listings which have sat out there might be a genuine article for buyers as soon as they hit Nov. 1. That’s because sellers tend to capitulate particularly if they’re still on the market around the holidays. They become ‘motivated sellers’ inside the terminology of your industry.