Thinking about selling your BC property yourself? You might want to think twice. Also referred to as “for sale by owner” or FSBO, selling your property without the assistance of a real estate agent may seem like a great way to save money. After all, the average real estate agent’s commission alone is up to 7%, adding up to a significant expense on top of the price of purchasing a home. However, there are several reasons why enlisting the help of a real estate agent can not only save you time, but money in the long run. In this article, we take a look at why you might want to reconsider selling your BC property yourself.
Real Estate Is a Full-Time Job
It’s important to remember that real estate is a full-time job – and there’s a reason for that. If you already work full time and take on the task of selling your house yourself, you may find yourself overwhelmed with the entire process. This may start from constantly yielding questions from potential buyers to finding the time to properly market your home.
Investopedia tells us more on why you’ll quickly find that spending the extra money to hire a real estate agent is worth it:
“Can you rush home from work every time someone wants to see your home? Can you excuse yourself from a meeting every time your phone rings with a potential buyer? At the end of a long workday, do you have the energy to take advantage of every possible opportunity to market your home? Are you an expert in marketing homes? Do you have any experience doing so? Your answer to all of these questions is probably “no.” An agent’s answer to all of these questions is “yes.” In addition, by going through an agent, you’ll get a lockbox for your front door that allows agents to show your home even when you aren’t available.”
Your Inexperience Could Cost You
How much experience do you have with selling a home? What about negotiating costs? There is so much more to selling a home than deciding on the price you should sell it at the price of your home, including closing costs and negotiating repairs with the buyer.
Lifehack explains more on why your inexperience could cost you:
“Like it or not, most real estate agents have much more experience in the industry than you will ever have, and in real estate, inexperience can translate into financial losses. Why? Cause some real estate agents are constantly educating themselves to be better at their job; negotiating on behalf of their clients. They work hard to obtain certifications such as the certified negotiations expert designation. If a buyer is more well-versed than a lone ranger seller on how & when to properly negotiate items in a real estate transaction, then potentially thousands could be at risk.”
The Market is Constantly Changing
Do you have time to constantly keep on top of changing trends in the market? It’s a realtor’s job to know this information, which could prove to be invaluable in every aspect of selling your home.
Christine Hauschild tells us more about the important knowledge that a realtor brings to the table:
“Our market is constantly changing and a Realtor keeps up to date on those changing housing and financial market trends, current inventory, supply and demand within each of the market areas,, and further statistics that can be ever so important when making decisions.”
Ready to sell your home? With over 30 years of experience representing buyers and sellers in the British Columbia market, we can take all the stress out of selling your BC property. Contact Cascadia Pacific Realty, Ltd today to get started!