Demystifying the Real Estate Market for Sellers

The real estate market, whether you are buying or selling, can be expensive. Whether it’s hiring a real estate agent to sell or to buy, many professional real estate agents will expect a fee – not to mention lawyers and other professionals involved in the process of selling and buying can quickly add up. We break down some myths when it comes to selling a home that unseasoned homeowners may not be aware of, or rather, unsure of when it comes to listing their home.

Your real estate agent will take care of everything…

While we sometimes put our faith in our real estate agent to take care of everything, there are a few things that they do not take care of. Real estate agents are not responsible for any legal aspects of the transaction, nor are they responsible for preparing or planning for an inspection. The real estate agents’ job is to act as the middle-man between the homeowner and the potential purchase (or buyer if they are selling). Homeowners may think that once they’ve hired a real estate agent that is it – but there are many people involved when it comes to buying and selling a home.

Not having an open house means your home won’t sell…

For some real estate agents, they will push for an open house – which for some homeowners, can be demanding and time-consuming. During an open house, the owners have to be away, and the house has to be in pristine condition. The truth is, while open houses allow for those driving and around the area to stop by and check the home out, there are other ways of marketing one’s home to ensure they are gaining exposure. From Facebook to the real estate agent’s website and to lawn signs – open houses don’t always guarantee a house will sell faster than homes that don’t have an open house.

Real estate agents only care about their commission…

There is this perception that all real estate agents make the same commission, this is false. Real estate agents can vary in the commission that’s earned from a sell. Typically, real estate agents can make up to 3% down to 1% commission on a home is value. Though it may seem that a real estate agent only cares about selling as fast as possible, so they earn their cut, real estate agents who are experienced and care about their reputation will ensure that their clients’ get the best deal. Much of a real estate agents business comes from referrals and return clients; therefore, if a homebuyer has a negative experience, they won’t use the same agent, nor will they recommend them.

The real estate market can be overwhelming, and if you are new to the real estate market – it can be stressful. Everyone has a unique experience, whether they are selling or buying, which is why when it comes to starting the journey, it is best to have qualified and knowledgeable assistance and guidance. Don’t feel overwhelmed and don’t feel lost when it comes to embarking on a journey to invest in a house to call home.

Whether you’re looking to buy or sell in the Kamloops area, for a greater probability of success you need a dedicated professional. I can guide you through the process and be counted on to protect your investment!

Categorised in: Kamloops, Real Estate, Sellers, Sellers

This post was written by kamloopshomesearchcom