The Key To Your New Home
SALE BY OWNER
CONSIDER WORKING WITH A REALTOR
One Of The Biggest Misconceptions Of A Home Owner Who Is Ready To Sell
Think commissions rates set by a full service brokerages/Realtors are too high and think they will save if they hire a discount brokerage who offer commissions for less but full service benefits will not be included in the marketing of the home to attract qualified buyers when you receive a commission discount. With the cost of commissions some Home Owners think they can save money if they just sell themselves, some commission cost can be saved but might not be that much of a difference as you think.
THE COST OF SELLING
CONS FOR SELLING A HOME FOR SALE BY OWNER
There May Not Be A Financial Benefit
An established and respected Realtor® will have a well-designed marketing plane to attract qualified buyers. Setting a price based on CMA as a member of the Toronto Real Estate Board that will have immediate access to tape into the neighbourhood statistics. Without the right price it is nearly impossible to sell a home. Being overpriced is the #1 reason homes do not sell!
Marketing A Home Is Difficult
A Realtor® has an established network that can reach potential qualified buyers
through the MLS system, brokerage/company website & internal systems that a ad would never.
Selling A Home Is Simply Hard, No Easy Task
Considerable amount of time is required. Every phone call must be answered ready with the knowledge to answer any question or concern plus becoming available to show the home not based on your schedule. Even after an accepted offer the buyer might still be able to get out of the deal legally. Realtors® have the skill to try and save the transaction.
Realtors® Are Trained Professionals
Homeowners selling there home will have a learning curve every step of the way, and will not have the opportunity to practice – to fail and improve – to reach the level of a professional.
You Will Need To Qualify Buyers Not Working With A Realtor®
Mortgage letter is not enough. Do you know the difference between being pre-approved for a mortgage vs pre-qualified.
Realtors® have a process for ensuring both their own safety and the safety of their clients when potential buyers are invented into your home.
Much Research Is Required To Ensure You Are Legal
If unaware of laws and regulations you could easily put yourself into the middle of an ugly lawsuit. Necessary paperwork for making a real estate transaction is required – Realtors® know specific clauses to protect your interests.
Beware Of Bargain Shoppers
Buyers will assume they can put in low-ball offer simply because you are not paying commission for a Realtor® to sell your home.
Commission Still Must Be Set For The Buyers Realtor®
Settling a low commission rate below the typical 2.5% will not attract agents who are working with qualified serious buyers. Realtors® will feel more inclined to want to work with fellow professional Realtors® to ensure a smooth transaction. According to The National Association of Realtors® over ninety percent of all for sale by owners fail.
Lawyer Fees Will Be Double If Not Triple When Not Working With A Realtor®
Real Estate Lawyer fees vary. Some charge by the hour with rates ranging from $150 to as high as $700 per hour, while others offer a fixed rate to conduct a real estate closing. Expect to pay $1,500 to as much as $5,000 for your closing costs.
A real estate journey could take weeks to months before a deal is closed. Throughout your real estate journey you could be faced with multiple issues that you simply don’t have a solution for or questions you cant answer. A Realtor® would have been your point of contact but you will now want to be advised from your lawyer, which will cost you money every time you seek council and that price wont be set up front.
Homeowners tend to think their home will sell fast based on their belief its move-in ready, the price is reasonable and the neighbourhood is desirable, but that doesn’t mean everyone else will think the same nor love it too. As a Realtor® it is my job to do just that, showcase your homes strengths and get as much qualified buyers to see the potential just as you did while forming relationships and negotiating the best deal that home sellers will be more then satisfied with the results.
THINKING OF SELLING
Selling your home can be very overwhelming if you try to go at it alone. There is so much thought, knowledge and preparation that goes into a successful home selling campaign. We will be your resourceful guide through every step.
QUALITY DATA YOU CAN TRUST AND RELY ON
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Quality information outlining the service that Home Owners will receive when choosing Forest Hill Real Estate Brokerage Inc. Signature to help guide you through the selling process.
About Elizabeth Hobson - The Key To Your New Home
About Our Company - Forest Hill Real Estate Brokerage Inc. Signature
Our Service Guarantee
Yes I Have Buyers
Step #1 - Selling Consultation
Step #2 - Develop Marketing Strategy
Step #3 - Implement Customized Marketing Plan
Step #4 - Our Pricing Strategy Plan
Step #5 -Our Staging Plan
Step #6 - Understanding Your Role
Step #7 - Negotiating The Purchase Contract
Step #8 - Managing The Transaction Through Closing