When you determine to sell your house, one of the first
choices that comes up is tactical: do you try to sell it yourself as a local “For Sale by Owner” property—or do you enlist
a real estate agent? Since your object is to maximize your profit, you might
think that most thrift-minded home owners would decide to eliminate the agent’s
commission and do the work themselves. But that’s not the case. The majority of sellers ultimately team up with a Vancouver real estate agent. Sometimes they go the For
Sale by Owner route first, but after testing that method, change courses. The
statistics show that the selling price of Realtor®-assisted
home sales is higher (a $40,000 difference, according to the latest study) which
certainly would explain part of the reason. But other factors come into play,
too: 1. Pricing: If you
aren’t immersed in the Vancouver area’s real
estate business five to seven days a week, there’s no way you can have the
intimate knowledge about the current market that comes with daily work in the
field. A real estate agent comes armed with extensive knowledge of the local market and all the
changes that have brought it about. It’s extremely important to price your home
correctly to sell it on the first go-round. It’s a demonstrated fact that the
longer a home sits on the market, the lower its final sale price.
and Energy: A For Sale by Owner sign in the front yard
means you are in charge, 24/7! That’s despite any other demands on your time—for
example, your job! One of the benefits of using a real estate pro is that selling
your property is our singular focus: our
job! It means marketing, networking, working with buyers. Doing whatever it
takes to get your house sold is our first priority. Lacking the same kind of
time and resources, a For Sale by Owner seller is at a clear disadvantage in
the competition to sell houses. It’s a marketplace where one missed buyer can
mean the difference between a listing that turns into a sale…and a listing that
3. Objectivity: The house is yours: you
designed or decorated it; you’ve fixed and painted and mowed and swept it. If
you took your work seriously, you feel at least some pride in how it’s
presented. Unfortunately, that’s a problem. Lacking objectivity in the sales milieu
can be one of the biggest hindrances to actually selling your house. It makes
it hard for you to negotiate—to see and acknowledge the flaws a buyer sees. And
it can make buyers wary of even wanting to negotiate with you in the first
place. Either factor can prove costly. Separating owner from sales agent opens
communication. It’s a relief for everyone!
4. Paperwork: This is the most obvious point.
If you choose to wade into the paperwork/deadline process yourself, you’d be
wise to count on needing a bit of extra attention from a good real estate
attorney—if only to avoid potential litigation down the line.
5. Security: It’s unfortunate, but
putting your house up For Sale by Owner in Vancouver (or anywhere) can make you a target.
Less-than-honest folks are out there—creeps who may specialize in sellers who
might not follow the proper measures for letting people into their homes. If you are looking into selling your own home this summer,
I’d like to offer you a complimentary property evaluation. Whether or not you
decide to go the Vancouver For Sale by Owner route,
it’s sure to be well worth discussing what to expect from today’s market!
Front Door Realty is a locally owned brokerage that specializes in buyer brokerage services, lot and land sales, luxury properties, HUD homes, corporate relocation, and more. Give us a call today so we can match you with the perfect team member!
The National Association of Realtors’ most recent Existing Home Sal
"It was a pleasure to work with Julie Baldino. A very kind person, helping us with a lot of time and dedication to get the house that we were looking for and not a house to buy quick. It took several houses to go around looking at the good and the bad and we didn't get the pressure with her to get a home which wasn't the right one for us. She always was trying to be sure that we were buying "our house".
Once we found it, she took care of every single detail with the seller's Realtor to complete all paperwork, inspections and any requests to the sellers.
We are enjoying our house and we have only a big thanks to her because she was on our side at all times and we got "our house". I would refer any of my friends or family to Julie and her team."