Your Real Estate Agent is Key When Pricing a House for Sale
When selling a house, several factors determine the price of the home. The location, condition, and size of the property are just a few of these factors.
But one factor often overlooked is the real estate agent. If you want to sell your house quickly, you need an experienced realtor who knows the local market and can negotiate a fair price for your home.
To Hire or Not to Hire an Agent
Often sellers think about the money they can save by not paying commission to a real estate agent, especially in a seller’s market. Yet, there are several advantages when using an agent to sell a home.
First, real estate agents cover the cost of marketing the home. The commission fee goes toward these costs, which include everything from the yard sign to online listings.
In addition, real estate agents act as project managers for real estate transactions. They track the deadlines and help the seller stay on target for the closing. Plus, they assist with all the details, like negotiating repairs, the offer, and more.
Plus, an agent will know the recent sale prices for homes in your area. This information gives them insight into current trends to inform their price recommendations and maximize sales potential.
How Does A Real Estate Agent Help You Determine the Sales Price?
As stated above, a real estate agent considers the details of the home, including location, condition, age, and size of the property. Then, they use recent sale prices for comparable homes in the area. They also consider market conditions. By analyzing all these factors, they recommend a sale price. However, the seller ultimately decides the sale price for the home. The current homeowner determines the best financial decision to meet their goals.
If the seller sets an unrealistic price that’s too high, the home might not sell. Even in a seller’s market, it’s key to remember that if the price is too far from the appraised value, buyers won’t secure financing to purchase the home.
A real estate agent is vital in helping sellers navigate the process of pricing a home. While you don’t want to price a home too low and leave money on the table, you also don’t want to price your house out of reach for buyers. A real estate agent helps find the sweet spot to attract buyers and maximize profit.
How A Pre-Sale Home Inspection Can Help with Pricing
If you aren’t sure about the current state of your home, a pre-sale home inspection can help. Kenco Home Inspections offers inspections for sellers. We’ll examine the home during either a full home inspection or ancillary inspection. Then, we provide a detailed report to explain our findings. You can then decide whether to make repairs, which may allow you to list the house at a higher price or sell as-is. Talk with your real estate agent to determine the best path forward.
Contact Kenco Home Inspections today to schedule an inspection or for questions regarding our home inspection process.