Why You Should Hire a Real Estate Professional

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Selling a home may seem like a daunting and difficult task to many. If you are selling the home on your own, you will be responsible for handling and dealing with a lot of difficult steps and aspects to the process. If you hire a real estate professional to help with the process, you will have plenty of guidance to make the process a whole lot easier.

Real estate agents have the knowledge and skills that are extremely important when it comes to selling a house. They know how to go through the process with ease and accuracy. This way, you will always have a person that will guide you through each step efficiently making sure you do not do anything wrong or even miss a step.

Before hiring a real estate agent to sell your home, make sure you do your research first. Search for local agents in your area and see what kind of homes they have sold and in what specific areas. This will help you narrow down your options to ensure you choose the right agent for you and your home.

Selling a home requires a lot of time and effort. To make sure you are doing everything right, the expertise of a real estate agent will get you far. They will have answers to questions about what you should do to your home to increase curb appeal and value. You don’t want to spend your money on things in your home that you do not have to update so consult with your agent to see what exactly you need to do in order to list your home.

Working with an agent can guarantee you that they will use their time and resources to ensure your home will get the marketing it deserves. Agents have plenty of resources and even followers on social media that will get your house the recognition it deserves to find its potential next buyer.

If you are selling your home without an agent, you might not price your home correctly. You either will be pricing it way too high or even too low to where you don’t get your money’s worth. Selling with an agent, your home will be accurately priced on the condition of the house and compared to other recently sold homes in your area.

If you sell your home without an agent, you will have to be the one to communicate with everyone and responsible for all negotiations along the way with the buyer, buyer’s agent, inspection company, and appraisal company. That will be a lot of work, especially if you don’t truly know what to do so having an agent to be the communicator is key.

Along with communicating, the legal documents are another important part of the home selling process. There are many kinds of documents that will need to be read, looked over, and signed. It’s quite hard to understand every little detail that is written in every document but that is why you have a real estate agent that does understand, to explain everything to you. Your agent knows exactly what every piece of paper means and helps you avoid any misunderstandings or mistakes.

All in all, there are quite a lot of reasons why you should hire a professional when selling your house. You want to make sure that your house is in good hands when it comes to selling and getting the best deal possible. This is possible with the help of an agent. So do your research in the area and find the right agent for you and your house.

How To Make Your Offer Stand Out

home buying

In the crazy seller’s market, we are in right now, multiple offers and bidding wars on one home are happening more often than before. The housing supply is still lower than the housing demand.

If you are wondering how to get the house you want, without overpaying and waiving things like inspections, and make sure your offer is the best it can be, for your situation of course, and beat out the rest of the competition, check out and follow these tips.

Many people might skip over important steps to put in an offer quickly. If you follow all or most of these steps, you will have the edge up on your competitors.

Prove You Can Afford the Home

 The first thing that you need to do is show the seller that you are a serious buyer and that you can actually close on the home. If you are planning on applying for a mortgage, obtaining a mortgage pre-approval will show the seller that you can actually afford the home. You will need an actual preapproval letter, not just a pre-qualification. A pre-approval letter confirms that you will be able to borrow a certain amount based on their evaluation of your credit score, assets, and income. While a pre-qualification is just an estimation of how much you could borrow.

A pre-approval from a lender verifies your price range to show what homes you can afford. Sellers give major preference to buyers who are pre-approved because when the time comes to close, they know you will have the money.

If you are an all-cash buyer, showing proof of funds along with your offer is a great idea.

Don’t Max Out Your Budget 

Just because you got pre-approved for an ‘x’ amount of money, does not mean that you should offer that exact amount. It is a good idea to leave some wiggle room in your offer amount to possibly cover the down payment and closing costs.

Maxing your pre-approval could eliminate the wiggle room and the seller already knows you are spending up to your limit which might be a reason they will not choose you. They want to make sure you do not have to back out in the future, due to many reasons, such as interest rates rising.

When making your offer, you might want to think about offering a bit over the asking price. Especially in the crazy market we are in now, offers can be incredibly competitive so it’s a good idea to think about if you can afford offering over asking price. According to the November 2021 Index from NAR, 40% of offers today are above the list price.

Add Extra to Your Offer

Adding extra things onto your offer, can show the sellers that you are serious about buying their home. An escalation clause, for example, means that you make an offer for x amount of money but if there is a higher offer, you will increase the price to a y amount of money.

You might also want to think about the contingencies. It’s not always best to waive the financing contingency unless you are paying cash but waiving the appraisal contingency, if you have the financial situation to do so, might make your offer stand out.

Hire a Trusted Real Estate Advisor

 Hiring a trusted real estate agent will help you put together a competitive but fair offer that aligns with your financial situation. Make sure you do your research before hiring a real estate agent. You want to make sure you pick the right agent for you and your area. A trusted professional will not only understand you but understand what you should do when looking for a home and especially putting in an offer.

Real estate agent has insight into what has worked with previous clients when putting in an offer and they also know what types of offers sellers are looking for, especially in this competitive market. Catering your offer to what the seller needs might help favor your offer in the long run when they are going over the offers.

Show Them Their Home Is in Good Hands

 If you are buying a home that someone has lived in for a while or has sentimental attachment to, you want to show them that their house will be in good hands. Adding notes of how you can’t wait to make certain memories in the house, how you can’t wait to watch your kids grow up in the house, or even how you love some design details of the home will go a long way.

The Right Offer for You

 Talk it through with your trusted real estate agent about what is best for your situation and make the best and right offer for you.