Selling Your Home - Why it Pays to Use a REALTOR®
Are you thinking of selling your home? Your home is likely to be the largest possession that you have ever bought or sold. Selling your property is a process that is bound to be a little nerve-wracking and emotional and it requires an in-depth knowledge and experience in a wide range of disciplines.
You will need a clear understanding of the legal issues and potential pitfalls. After all, one wrong move could result in a lot of cost and frustration. That is why it is essential to have a real estate agent (REALTOR®.) As a licensed real estate professional, he or she will work with you to help make the sale of your home a successful and satisfying experience.
Real estate agents are experts when it comes to marketing homes. Real estate agents use the Multiple Listing Service® (MLS®) to give your home maximum exposure. MLS® is a computer-based system that relays valuable information about your home to hundreds of real estate agents and potential homebuyers.
Setting a Price
Undoubtedly, setting a price for your home is an important but difficult process. Again, this is where the services of a real estate agent prove invaluable. Real estate agents have the experience to help you understand how the market works and decide upon a realistic price that meets your goals. Real estate agents also pre-screen potential buyers to make sure only those who are serious and financially qualified view your home.
Real estate agents will also develop a marketing plan to help your property receive maximum exposure. This will likely include placing your home on the MLS® system and placing a "For Sale" sign on the front lawn. The plan may also include arranging open houses for other real estate agents and potential buyers, and developing advertisements and feature sheets/mailers to market your home. A real estate agent will also arrange all showings of your property.
Once you have accepted an offer to buy your home, your real estate agent will help ensure that all the proper paperwork is completed. He or she will also make sure that both parties meet the necessary conditions outlined in the agreement.
As you can see, it pays to work with a professional. When you work with a real estate agent you will likely get a better price for your home than if you try to sell it yourself. But quite apart from the financial benefits, there is an extra measure of comfort and security that comes from having a real estate agent on your side. Remember that real estate agents are governed by a strict code of ethics and standards of business practice. They have also been trained and licensed under the provincial Real Estate Services Act to assist in transactions involving real property. When it comes to buying or selling property, using a real estate agent just makes sense.
(Information provided compliments of Victoria Real Estate Board.)