Moving somewhere new is always exciting, but everyone will agree that preparations aren’t exactly thrilling. It’s generally a long, complex, and time-consuming project. And it often includes finding a buyer for your old home. That is the moment to ask yourself if you should hire a professional to sell your apartment, or do it by yourself. There is no right or wrong answer to this question. But there are many benefits and factors you should consider. Let’s give it some thought and try to make the right decision- together!
What is your plan?
As most of your decisions do, whether you will hire a professional to sell your apartment also depends on your plan. You should sit and thoroughly think about all the professional services you might need during the moving process. For example, if you are moving into a smaller apartment, chances are that you will rent some of the storage units NYC offers. And if you have no previous experience selling a home, you should probably consider hiring a professional to sell your apartment.
If you are worried about your moving budget, try to plan it in advance. You can use a moving cost estimator to calculate your moving costs and ask around to see what are the average home prices. Obviously, you should ask for houses or apartments of similar size as yours and preferably in the same neighborhood.
Expertise and knowledge
In order to sell your home with ease and get the price you will be happy with, you definitely need expertise and knowledge. There is much more to it than simply placing an ad. You may have been reading about selling your home for a few days, weeks or months. But the fact is that a real estate agent has been practicing this for years, or possibly decades. A skilled and experienced agent will be your most valuable asset when it comes to selling your home. He or she will be able to help you in staging your home, listing it properly and guiding you through the selling and closing process.
Many agents tend to continue their education throughout their career. This can be very valuable to anyone thinking whether they should hire a professional to sell your apartment. Their experience and knowledge in real estate can save you thousands of dollars and most importantly- your nerves.
The importance of representation
You may not be aware of all the legal consequences of a mistake in the selling and closing processes. Some people even end up finding themselves in court dealing with an unforeseen issue. An experienced agent may have noticed this type of misstep and prevented it. Without a professional’s expertise, you risk finding yourself in a similar situation. Also, a trustworthy agent will always represent your best interests. When you hire a real estate agent, they work for you to protect your interests.
They know the neighborhoods
Agents either already possess the knowledge or they know where to find them useful information about your neighborhood. They can easily identify comparable sales and provide these facts to you. They can also point you in the direction where you can find more data on crime, schools or demographics.
Price guidance and negotiation strategy
Although some people believe that, agents do not select prices for buyers or sellers. However, a good agent will help to guide you to make the right choices for yourself. Moreover, they will even help you increase your home value. For example, if a listing is at 7%, an agent has a 7% vested interest in the sale, but the client has a 93% interest. Real estate agents will ask buyers to weigh all the data and to choose a price they are comfortable with. And then, based on market supply, conditions, and the demand, the agent will come with a negotiation strategy.
They have the access
The great news is that real estate agents have access to the Multiple Listing Service (MLS). This is sometimes crucial to selling a home. Furthermore, the MLS is the most up-to-date and accurate database of all homes for sale. Also, listings on the MLS are important because every other real estate pro in the area will have access to info about your home. Hence, access to it maximizes your reach to a greater pool of potential buyers. Additionally, it matters if you are in the market to buy a home and not just to sell one.
If you know what you want, a real estate pro can search MLS for available homes that match your requirements in a blink of an eye. They can even organize a visit to a home you are interested in. Real estate agents do the legwork for you, by contacting the seller’s agent to make the appointment.
Unless you are a professional negotiator, it pays to have a real estate professional by your side. Whether they need to field bids for your home or make bids on a home you want, they know how to do it right. And negotiation is a crucial part of the real estate game. With the hot housing market nowadays, bidding wars will is a reality for both sellers and buyers. The real estate pro you hire has a mission to get you the best deal.
Reasons to hire a professional to sell your apartment
Real estate companies spend a lot of resources, time, and energy into building and creating systems, training, marketing, and advertising. They use all the tools at their disposal to get their seller client’s real property ultimately sold. When you hire a professional to sell your apartment, they should also save you a ton of headaches. And if you find a good one, they will help ensure your home sells at top dollar and as smoothly and quickly as possible.