Thinking of finding a new home or selling your property with a DIY approach? While it may seem like one could save costs and that the sales/purchase process is quite simple; in fact, engaging a real estate consultant to represent you in selling your home /buy a new property has several advantages that protect you from most of the pitfalls that arise when you attempt to do it yourself.
5 COMMON MYTHS AND FACTS OF DIY HOME SALES
MYTH #1: MARKETING A HOME IS EASY
Fact: It’s harder than you realize, because most consumers do not have any professional marketing channels for reaching out effectively.
- Even when you have a beautiful, desirable home that is worth every penny, it’s still difficult to compete with all the other listings out there.
- Many potential homebuyers might never come across your For Sale By Owner ad.
Realtor’s Advantage: By listing your property with a real estate consultant, your home will be input into a professional database so that other real estate agents will see it. This is not only great for expanding your reach to the right target audience, but also dramatically increases the likelihood of receiving a more competitive bidding for your property.
MYTH #2: YOU’LL SAVE THE AGENT’S FEE BY DOING IT YOURSELF
Fact: Think about it, your property prices is way larger than the agent’s fee, There are multiple pitfalls with the DIY home sale approach that could actually cost you more:
- You might price your home too low or too high, losing out on market competitiveness or undersell your property.
- It is natural to over price your property vs the market since we all want to maximise our profit. However, certain pricing strategy might over exposed your property in the market, and this can be counterproductive in the end. A good real estate consultant who are in the market can effectively response to the market conditions to make appropriate pricing adjustment accordingly.
- You might get frustrated after receiving lots of unsolicited calls.
- You might overspend or underspend on home improvements, and be unable to capitalize on them in your house’s contract price.
Realtor’s Advantage: One of the best ways to ensure you get as much return out of your home sale as possible is to work with a realtor who is experienced in your area, property type and always have your interest in mind. A good real estate consultant will not only know the market prices of your home, but they’re also well versed in essential home staging to boost your property value as well as pricing and negotiation strategies to secure optimal offers.
MYTH #3: IT’S EASY TO SHOW A HOME ON YOUR OWN.
Fact: There’s a lot more involved besides giving a good presentation to potential buyers during a property viewing. Home owners are also house proud mostly, facing and hearing a stranger scrutinising during a viewing may not feel good. It’s best to leave this task to a capable professional who is representing you.
Realtor’s Advantage: A real estate agent who has a good track record will have probably seen more similar properties and done more home tour presentations than you. They know what features home buyers are looking for. They know what decors are turn-ons and turn-offs, and what to avoid, and so much more. Importantly, they know how to read essential buying signals from buyers and ask for closing at the right moment. Plus, they also do the legwork of showing the house and answering buyers’ queries, saving you time and stress.
MYTH #4: IT CAN’T BE THAT COMPLICATED TO DO THE PAPERWORK.
Fact: It’s not a rocket science that you can’t do it yourself totally. However you don’t want to miss those seemingly trivial details on the options contract, agreement terms, affidavits, and other legal paperwork—or you could end up in a legal mess later.
Realtor’s Advantage: A licensed real estate salesperson (RES) is trained to handle the complexities of contracts and other legal papers, and to ensure that your interest is well protected throughout the sales process. They’ll also negotiate the best deal for you, so you can maximise your profits.
MYTH #5: HANDLING THE DETAILS OF A HOME SALE IS SIMPLE AND FAST.
Fact: It’s the opposite. There are so many details to manage, and if you’re taking a For Sale By Owner approach, the time-consuming, step-by-step work is entirely on you.
Realtor’s Advantage: Real estate agents actually make the sales process so much easier for homeowners because they could help work on the time line, handle all of the details with expertise, saving you tons of frustration.
IN CONCLUSION:
5 BENEFITS THAT REALTORS PROVIDE FOR YOUR HOME SALE
- Realtors play a key role to negotiate a best price and agreement terms to get you the strongest results.
- They coordinate inspections and help you ace the home inspection process
- They can easily reach out to their subject matter expert networks to provide the appropriate services needed to complete the sale efficiently—mortgage loan, contractors, law firm, etc.
- They know the best days and times to schedule showings, and manage them for you so you don’t have to be involved.
- They help create an appealing listing that draws in prospective buyers.
MAKE THE MOST OF YOUR HOME SALE WITH THE RIGHT REALTOR
When you’re ready to put your property on the market, it’s worth doing it right from the very start. Don’t go it alone and risk losing out on the best possible price and fastest sale. Our team of capable, focused real estate consultants know the ins and outs of real estate in Singapore. We take great pride in giving you a home selling experience that exceeds your expectations.
Our straightforward process will help you:
- prepare your property to sell for the best price.
- market your home using our vast network and commitment to excellence.
- negotiate the closing so you have peace of mind.
