4.9 million existing homes were sold in 2014, according to data from the National Association of Realtors; a very healthy number (and it doesn’t even account for just-built home sales)! Yet how many of these sellers received the money they had in mind? For any home-seller, especially first timers, one fact holds true: you need a realtor! Let’s explore the reasons why.
Using a Realtor Gets you More $$$!
There’s a reason why “for sale by owner” never caught on. It’s because most homeowners don’t have the home-selling expertise a licensed realtor has and without it you won’t know how to ask for (and get) the max amount of money.
There’s simply too many details: Like accounting for depreciation, value-increasing upgrades, and the current condition of the local real estate market.
What’s more without a Multiple Listing Service (or MLS) fewer potential buyers see your home.
Evidence of a realtor’s value is also seen in here:
In 2014, the typical “for sale by owner” home sold for $210,000, compared to $249,000 for agent-assisted home sales (NAR).
Not convinced? Even when you factor in that agent-assisted sellers have to pay out a commission on average this group of people still netted more profit than those who sold their homes on their own.
There’s no Substitute for Experience
Experience is the most valuable quality a person can have when selling their home or property– and you only get it by having previously sold them!
When you work with a realtor, you can rest assured that you’re partnering with someone who has that experience.
In fact, the median amount of experience for a National Association of Realtor’s realtor is 12 years.
Realtors are Great for Home Buyers, Too
In a 2013 Community Preference Survey 78% of home buyers stated that the quality of their next neighborhood was more important than the size of their next home.
Real estate agents are experts in being able to provide home buyers with neighborhood statistics– including crime rates and home appreciation values.
This adds up to more informed decision making on your part and also the peace of mind that comes with this.
A Solid Customer Satisfaction Rate
This one is short and sweet.
When it comes to selling a home/property sellers who used an agent and stated that they would “definitely” use that same agent next time is 67% (realtor.org).
So the next time you’re looking to buy or sell a property, trust the process to a licensed realtor.
Your returns & satisfaction rate depend on it!