1-800-344-2198 Menu

Tag: real estate agent

Thinking About Buying or Selling on Your Own? Think Again.

You’ve heard it time and time again; the current real estate market is hot and its a great time for homeowners to consider to cashing in and selling their home if they haven’t already taken the leap. Buyers are also taking advantage of the record low interest rates despite the competitive conditions created by low inventory. This has created a fast moving market with many moving pieces to consider when partaking in the transaction process. Some home buyers and sellers make the choice to attempt to fly solo on their transaction to avoid paying a commission to a real estate agent, but many find out the hard way that now is not the time to go that route.

According to the National Association of Realtors, “FSBOs accounted for 8% of home sales in 2020. The typical FSBO home sold for $217,900 compared to $295,000 for agent-assisted home sales.” That’s nearly an $80,000 difference; much more than the owner would have paid their agent in commission had they listed and sold with an agent.

ERA Team VP Real Estate Agents also have some insight regarding the topic. According to Jerod Zahn, top producing Licensed Real Estate Agent with ERA Team VP, “Most sellers are purely thinking profit. They’re number one complaint is paying commission. They have a hard time grasping that when offering their property for sale to only their ‘private market’ they’re missing out on an opportunity to offer to the entire world. The small traffic they produce from minimal marketing will miss thousands of qualified home buyers.”

Denise Whipp, ERA Team VP’s Director of Agent Support and Associate R.E. Broker also notes, “Stories of how much people and making on their properties with multiple offers does make it sound easy but it’s actually even harder to navigate the process under these crazy market conditions. Pricing is harder, the handling of multiple offer, buyers having remorse, etc. makes things difficult. You shouldn’t go it alone! Agents are more valuable than ever!”

Deryle Pinney, Licensed Real Estate Salesperson with ERA Team VP, adds, “Real Real Estate agents have access to the most up to date information & availability of properties & have a legal obligation to be fair & honest where many websites do not.

When discussing whether a home buyer or seller should use an agent or not, Tonya Studley, Licensed Real Estate Salesperson with ERA Team VP simply asks if the buyer or seller has experience in all of these areas: inspections, negotiations, appraisals, closing details, warranty, disclosures, escrow, contract contingencies, mortgages, surveys, repairs, and much more. If not, then the answer is pretty easy!

In summary, here are the top reasons to use an agent in today’s market, whether you’re buying or selling:

If you’re interested in learning more about the real estate market in your area, or thinking about buying or selling a home, visit www.erateamvp.com.

Overcome your home selling fears

Remember when you learned how to use the jungle gym rings in grade school? If you wanted to get anywhere, you had to build up enough courage, motion, and strength to let go… and trust you would be able to grab onto the next ring, getting you one move closer to your goal!  

Buying and selling a home can be a lot like learning how to get across the jungle gym. You might miss your next ring, but you won’t get better if you don’t try again. You might dangle for a bit, until you have the right help come along and give you a nudge in the right direction. You might, however, get it the first time and ‘nail the landing’!  

The Repair Dilemma:

Sellers have never been more fearful to try their luck at the real estate ‘jungle gym’, and here are three major reasons why: 

We understand that putting your homes best ‘foot forward’ is to ensure it is looking its absolute best when a potential buyers walk through! Also, people don’t want to put a lot of money into fixing up their home just to turn around and sell it again… Especially knowing what kind-of a market their walking into! Let’s review a couple of different approaches that could be taken. 

  • Sell as is: If you are at peace with selling your home as is, then do it! Fix the basic items (replace lightbulbs, repair screens that may be ripped, tighten hinges on cupboard doors, etc.) and make sure your home looks cared for. Potential buyers will still see the love you have given your home even though you might not want to splurge to have that big deck put on for someone else to enjoy. Also, if you’re looking for a few affordable and fun projects, check out 5 easy ways to upgrade your home.  
  • Pick your investment: While you might not be interested in fixing every little item, you might want to invest in the most important ones. If you have spoken with a real estate agent…, they know what to look for. They will be able to advise you on what will have the biggest impact on your home’s sale price. The greatest agents will have terrific advice that will not break the bank but will get your house ready for the market! 

The Market:

In the housing market, the seller and the buyer are, in many cases, the same person – the existing homeowner. To buy a new home, you must sell the home you already own, and then find a home you like better. With the market being as tight as it is in today’s housing market, the risk of selling, if others do not, prevents many existing homeowners from selling. The result? Prices are further bid up by competition for the increasingly short supply. 

Sellers also think their home might not be worth as much as what they need in order to buy a home in a market like this. This is the ‘nudge part’ of the jungle gym analogy. The hesitation is understandable, but that is why relying on a great support system, for example, the agents at ERA Team VP Real Estate will give you the nudge in the right direction. With a free CMA [Comparative Market Analysis], these professional and knowledgeable agents can help capture the value of your home, which in this market will likely sell for more than you would expect! For a free valuation of your home, contact one of these qualified agents in your area. 

The complexity of the process is overwhelming:

There is no doubt that this process is complex….and at times overwhelming! From the beginning of packing up your house, going through the emotions of excitement and sadness to the elatedness of finding your dream home and looking forward to moving in… it is a lot to process, a lot to do, and a lot to keep organized! The right Real Estate Agent is key to eliminating stress and complexity while providing peace of mind throughout the entire process. Finding an agent who recognizes the value of your home, who communicates well and genuinely cares for your needs is crucial in making an overwhelming process a walk in the park.