Current Real Estate Market “Buyer’s Market”
Real Estate Market
When it comes to selling or purchasing a home, there’s no room for joking these days. I personally know what the current real estate market is like, and in many ways it’s discouraging to say the least. Ever heard of the term, “buyer’s market?” Well, that’s what we’re experiencing right now. So if you’re in the market to purchase a home, all is in your favor. However, if you’re trying to get your home sold, it’s a completely different story. There is a deluge of homes up for sale right now. One of them is my own. Therefore I speak first-hand. In all honesty, I didn’t know if a real estate agent referral was the right path or not. However, in the end, I did choose the assistance of a real estate agent simply based on one notion. I thought they could get my home sold faster.
It’s important to be aware of how real estate agent referral services operate. First of all, have you ever dealt with a realtor before? You should know right off the bat that if your home sells, the realtor will end up with a good six percent of what it goes for. That’s how the process generally works. Then again, on the bright side, a good real estate agent can educate and inform you on all aspects of the current market. He/she can give you quality advice on where to start your home as far as price goes, and also what needs to be done with your humble abode before placing it on the market. Obviously these are imperative aspects of the business. Especially with the plethora of homes currently up for sale.
An advantage to seeking a real estate agent referral online is the convenience of it all. It takes hardly any time at all to find out who’s in your immediate area. You can meet with them and get the scoop on your home’s marketability and value. They’ll typically place your home in the paper and online. This way it will be simple and convenient for all potential buyers to see. Furthermore, if you sell your home through a professional, as opposed to selling on your own, you’re likely to get more responses. It’s common for people to prefer going through a realtor as opposed to an owner. The key to selling quickly is making certain your home looks the best possible, inside and out. Don’t dismiss touch-ups, routine cleaning, and curb appeal.
You may also like to read: How to Sell a Home in Today’s Competitive Real Estate Market
Real estate commissions are normally split between the company (brokerage) which represents the seller and the brokerage which represents the buyer. After the brokerage takes their cut each individual real estate agent will probably get 1 or 2 percent of the sales price, not the whole 6 percent.
As soon as the home is listed the agent starts incurring costs for advertising and promotion. If the listing is lost or expires before the sale is completed, the agent is not normally compensated for these costs so he takes some risk.
Selling through a realtor has one big advantage, at least in my area. Only real estate agents can submit listings to the multiple listing service web site which can quickly market your home worldwide. This, plus their training and experience, probably does give you an edge in selling faster when you use an agent.
There are 3 keys to selling: price, location and presentation. These 3 need to be balance to get the most satisfactory sale. If the price is reduced the buyer might attribute a little less importance to the other two.
As a professional home stager, I strongly believe in the difference good presentation can make. In a buyers market flooded with similar houses for sale you are probably right to say it’s “the key” because it makes the difference between showing or no showing; deal or no deal.